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March 19th, 2011

Battle of the Bank Notes 3: USRareCurrency.com’s 1900 $10,000 GC vs. Jhon E. Cash’s 1900 $10,000 GC

It’s time for another “Battle of the Bank Notes”. Before we show you this edition’s contenders, let’s have a little history lesson first.

It’s 1935, the height of the depression. You’re in Washington DC, out for a stroll after a few beverages at the local bar, passing the United States Treasury Warehouse. Something doesn’t smell right: no, it’s not your beer breath. Instead, the odor is of smoke and fire. To your surprise, you look up and see the Treasury Warehouse ablaze. Then, paper starts falling out the windows as officials attempt to stop the spread of the fire.

Rushing over to one of the singed scraps, you’re dumbstruck: it’s a 1900 $10,000 Gold Certificate in all its glory, and there are hundreds falling from the sky. Your luck couldn’t get any better, and you casually disappear into the night with the solution to all your financial problems, even though the note is still official government property.

Sadly, your new found wealth is short lived. The Treasury is well aware of what happened during the fire, and cancelled any remaining notes, deeming ones that “disappeared” as worthless. If you hold on for another 75 years, maybe you’ll get some cash for it, but in 1935, it’s no better than a supermarket coupon.

Let’s have a look a two surviving specimens, of about 371 known examples.

Here’s USRareCurrency.com’s Note:

This specimen from USRareCurrency.com is in great condition, at the top end of the spectrum with a PMG 63 grade. Most surviving notes were stained by the water used to fight the fire, creating further brown discoloration on some notes. USRareCurrency.com writes that the note has bright white paper, a nice red treasury seal, and no pinholes, tears, or rips; aside from the cancellation punch holes.

Asking price: $7,950 USD

Now, here’s Cash’s note:

Cash has comments similar to USRareCurrency.com’s remarks about their 1900 $10,000 GC. He believes this example to be one of the better notes he’s owned. Additionally, Cash writes that it is very affordable note, compared to a GEM 65 example that went for $12,075 in November 2010.

Asking price: $5,150 USD

More about USRareCurrency.com – www.usrarecurrency.com: USRareCurrency.com offers a memorable collection of rare and highly desirable United States paper money. Based in Redmond, Washington state, this dealer and private collector has amassed an outstanding inventory of both large and small size type notes, in addition to a great selection of low and fancy serial number notes. Member: ANA, SPMC, and PMG. Have a look at this stunning website!

More about Jhon E. Cash – www.jhonecash.com: Jhon E. Cash is the nation’s leading reseller of ultra-high denomination US currency ($5,000 and $10,000 notes). His website currently lists well over 300 notes for sale, totaling just shy of $4,000,000 in value. Additionally, Cash specializes in Star #1 notes, offering a few choice selections from his personal collection for sale. 1899 $1 Silver Certificate Black Eagle fans will drool looking at an impressive collection of fancy serial numbered notes, all in Uncirculated to Gem condition. Cash works with Brandon Kelley, a noted numismatic expert, to offer a full service website for both coin and paper currency lovers.

Comments are open…Who win’s this “Battle of the Bank Notes”?

Showcase your note in our “Battle of the Bank Notes” column: simply email us: theplazacenter1@yahoo.com with subject “Battle of the Bank Notes” and we’ll happily make a post for you!

by Brendan Meehan | Posted in Battle of the Bank Notes | No Comments » |
March 1st, 2011

Seldom Seen Selections: PaperMoneyAuction.com’s $10 Silver Certificate Changeover Pair

A Miami mansion was recently being renovated. The contractor hired to do the job was making his way through one of the mansion’s bathrooms, slowly clearing debris and old walls. Suddenly, almost out of nowhere, he spotted something that looked out of place: a pile of USA currency – including packs of $5 and $20 Federal Reserve Notes – was situated behind the sink, appearing to be a long forgotten hoard of emergency cash from a former mansion owner.

After the currency was removed, the home owner sold it to Marc Michaelson (www.highdenomination.com) and David Manley (www.thecurrencyhouse.com), two major Florida USA paper money dealers, specializing in high denomination notes. Later, the notes were slabbed by PCGS and made their way to eBay, offered by Jess Lipka (eBay userid: denoms), one of the most prolific note sellers online.

Included in what was called the “Miami Mansion Hoard” were two sets of $10 silver certificate changeover pairs. PaperMoneyAuction.com was lucky to purchase both sets, one of which is featured below. A changeover pair occurs when two consecutively numbered notes from the same sheet have different series year marks or signatures. In the case of the notes listed below, one bears the series of 1934 marking with serial number A84119874A, while the very next note, numbered A84119875A, bears the series of 1934 A marking. If separated and evaluated independent of one another, these notes would pass as good examples of $10 1934 / 1934 A silver certificate type notes, and nothing more. Together, however, their rarity is much more certain and quite surprising given the fact they were stashed behind a bathroom sink in a 1930’s Miami mansion.

The mansion owner and contractor later split the proceeds from the sale to Michaelson and Manley 50/50. If you live in an old house, check your sinks! There could be any number of treasures waiting for you!

We’ll happily entertain offers on these notes, but will probably not sell them unless the money is right. Write: support@papermoneyauction.com for more information.
Miami Mansion Hoard $10 Silver Certificates Changeover Pair Obverses

More about HighDenomination.com – www.highdenomination.com: Operated by Marc Michaelson, HighDenomination.com is one of the leading resellers of high denomination notes ($500-$1,000-$5,000-$10,000) in the USA. Michaelson offers a regular flow of great high denomination type notes, high denomination rarities, plus a solid selection of Gold Certificates from all denominations.

More about TheCurrencyHouse.com – www.thecurrencyhouse.com: The Currency House is based in sunny Deltona Florida, run by noted high denomination expert David Manley. Manley offers a vast selection of $500 and $1000 notes, including gold certificates, type notes, and fancy serial numbered notes. Additionally, The Currency House sells rare and desirable $5,000 and $10,000 notes. Visit now and make an offer!

by Brendan Meehan | Posted in Uncategorized | 1 Comment » |
"Friedberg Numbers" from Paper Money of the United States (19th ed.) by Arthur L. and Ira S. Friedberg are used with permission of the Coin & Currency Institute
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