LOT Old Heritage Auctions  /  2007 Sept Long Beach, CA Sig Currency #448  / 

16296

Fr. 1219e $1000 1907 Gold Certificate PMG Very

Currency:USD Category:Coins & Paper Money Start Price:14,000.00 USD Estimated At:25,000.00 - 43,500.00 USD
Fr. 1219e $1000 1907 Gold Certificate PMG Very
<B>Fr. 1219e $1000 1907 Gold Certificate PMG Very Fine 20.</B></I> This Series 1907 issue was printed in the late teens while Teehee and Burke held the positions of Register of the Treasury and Treasurer. In that five year span from 1915 to 1919, the Bureau of Engraving and Printing managed to print 116,000 notes for use mostly in bank to bank transactions. Since few notes were used in regular channels of commerce, they faced heavy redemption. Today, only about three dozen survivors are reported extant, with this being a previously unreported piece. Of that number, nearly a third are permanently impounded in Federal Reserve Collections, the Smithsonian, or have never been offered at public auction. The seal, serial numbers, and ornately engraved "$1,000" on the face are all still sufficiently bright for the grade and a bold, orange-yellow back design adds immensely to the overall eye appeal. On back of the third party holder are the descriptors, "Pinholes, Splits, Minor Restoration." While indeed correct, they substantially overstate the nature of these problems, as no single item detracts from the overall appearance of the note. The pinholes and restoration (a minor closed internal split) are only evident when the note is examined against a light source, and the overall appearance here is one which is certain to delight this note's fortunate new owner.<B><BR></B></I><I>From The John Ameen Collection</B></I><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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