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Error Note Leads CPMX Auction
By Bank Note Reporter
April 02, 2013

This article was originally printed in Bank Note Reporter.
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Taking top honors in Lyn Knight’s CPMX auction, with a hammer price of $25,000, was a double denomination 1882 $10/$20 on the First National Bank of Smithton, Pa., charter E5311, in VF. The Fr. 577 Value Back error note, with an inverted back, was featured on the front cover of the March issue of Bank Note Reporter.

Prices listed here do not include the buyer’s premium of 15-18 percent.

Crossing the block at $21,000 was a serial No. 1 1902 No Date $5 on the First National Bank of St. Augustine, Fla., charter S11420. This note, with pen signatures, graded Ch. CU.

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Described as “equal to the finest known,” an 1880 $100 United States Note with large brown seal, Fr. 173, Bruce-Wyman signature combination, went for $18,000 in PCGS VF 30 Apparent.

Selling at $12,000 was a First National Bank of Commerce, Tacoma, Wash. 1902 Red Seal $5, charter P3789, Fr. 589. It graded PCGS EF 45 PPQ.

The only known survivor of 162 Type 2 1929 $20s issued by the First National Bank of Chestertown, Md., charter 13798, Fr. 1802-2, brought $15,000. It was graded PCGS About New 53.

Among leading world offerings, a 1.9.1906 one dollar from China’s Ta-Ching Government Bank, A75P?, went for $19,000, described as a Yunnan branch overprint on Kalgan branch, in Fine. Bringing a like amount was a Bank of China 16i one dollar ND (1912-old date 1.10.1909) Manchuria overprint.

Crossing at $27,000 was mixed grade lot of local Latin American issues from the worldwide economic crisis of the early 1890s, along with two government notes and a postcard (seven piece in total).

Local issues included two from Jonas & Borchert, a 25 centen and a 50 centen; a Jonas & Borchert Christmas postcard; a Maduro & Sons 25 centen; a Wed. W.P. Maal one gulden September 1893 specimen punch cancelled without serial number; and an Aruba Phosphaat Maatschappy 25 centen uniface without serial number and text stating convertible into Peruvian silver soles. The two government notes were a 25 centen (A51) Fine/VF with a couple small spots and a one gulden (7A) VG/Fine with light soiling.

For additional information on Knight’s CPMX sale or future auctions, contact the firm at P.O. Box 7364, Overland Park KS 66207; telephone 913-338-3779; or visit www.lynknight.com.



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