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$100 National Tops Knight’s Memphis
By Bank Note Reporter
August 06, 2013

This article was originally printed in Bank Note Reporter.
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An 1875 First Charter $100 National Bank Note from the First National Bank of Amsterdam, N.Y., Fr. 454, graded VF/EF went for a hammer price of $80,000 at Lyn Knight’s Memphis 2013 sale held in conjunction with the International Paper Money Show in Memphis, June 13-16.

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

$100 First Charters are rare in any grade, with 12 of the 54 known 1875 Series in institutional collections, according to the cataloger. “There are definitely two notes known that are graded higher than this note, a Raleigh National Bank of North Carolina graded Ch. AU 58 and the Blackstone National Bank of Boston graded AU 53 by PCGS,” the cataloger wrote. “No other $100s have been called XF except this note which is ungraded. I believe it’s a VF 35 or XF 40 Apparent as it has had some splits restored along the edges.”

Bringing $50,000 was an 1891 $100 Silver Certificate, Fr. 344. It was graded PCGS VF 35 PPQ and is one of less than 30 known.

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Selling for $47,500 was an 1875 $20 Gold Bank Note from the First National Gold Bank of Petaluma, Calif., Fr. 1157, charter 2193, in G/VG. “There are only two $20 California Gold Bank Notes known on Petaluma and this note is UNIQUE because it was printed on white paper rather than gold paper.”

An uncut sheet of 1896 $1 Silver Certificate “Educational” notes, with courtesy autographs, Fr. 224, serial Nos. 5-8, in PCGS Abt. New 53 Apparent, went for $40,000.

Bringing $30,000 was an 1882 $100 Gold Certificate, Fr. 1205, in PCGS Fine 15 Apparent. “One of only eight serial numbers recorded,” said the cataloger, adding, “the centering is very nice on this circ note.”

An 1862 $1, Fr. 16, described as “the finest graded by PCGS or PMG,” brought $37,500. It was graded PMG Super Gem UNC 67 EPQ.

A Metropolitan National Bank, New York, N.Y. 1875 $50, charter 1121, Fr. 443, sold for $28,000 in VF/XF.

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