LOT Old Heritage Auctions  /  2008 APR Rosemont (CSNS) Currency #3500  / 

13645

Detroit, MI - $20 1929 Ty. 1 First & Old NB Ch.

Currency:USD Category:Coins & Paper Money Start Price:6,500.00 USD Estimated At:8,000.00 - 10,000.00 USD
Detroit, MI - $20 1929 Ty. 1 First & Old NB Ch.
<B>Detroit, MI</B></I> - $20 1929 Ty. 1 <B>First & Old NB</B></I> Ch. # 10527<BR> This <B>PCGS Superb Gem New 68PPQ</B></I> piece is a perfect match to a trio of $5 pieces in our FUN 2006 Signature Auction. The $5 notes were sold as part of an extraordinary serial number 1 presentation set with a long and illustrious pedigree. Previously the notes, including this one, were part of a single lot in the Grinnell Collection presented by Barney Bluestone. The lot included the $5, $10, $20, $50, and $100 Type 1, Serial Number 1 sheets. The history of the sheets was included in our 2006 description, "The set first reached the collecting fraternity when they were obtained by Albert A. Grinnell, a pioneer currency collector who was a Detroit businessman, and who, during the 1930's and 1940's, formed the largest and most complete collection of U.S. currency ever assembled. When Grinnell's holdings were sold in a series of auctions from 1944 through 1946, these notes were obtained from those sales by the National Bank of Detroit, which placed them on display in its money museum, which became one of Detroit's leading tourist attractions in its heyday. Several years ago the bank was purchased by Bank One, and the museum was closed in a cost cutting move by the new owners. The collection was consigned to a local auctioneer, Craig Whitford of Lansing, and sold at a Michigan State Numismatic Society show." The C000001A $5 example also graded 68PPQ realized $9,200. With a matching serial number and the near-perfect state of preservation, we expect this piece will realize...<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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