Thursday, January 20, 2011
U. S. $10 1861 Demand Note Sold for $109,250.00
January 20, 2011
Newly Discovered St. Louis Demand Note Leads Tampa Auction
The new year got off to a rousing start for currency collectors in Tampa, FL as they participated in Heritage Auctions' Signature Currency Auction, Jan. 6-11, held in conjunction with the FUN (Florida United Numismatists) Convention. The auction realized more than $7.8 million, including the non-floor sessions, held Jan. 10-11. All prices include 15% Buyer's Premium.
One of the most closely followed and well-publicized items in the auction was the newly discovered, and certainly rare Fr. 10a $10 1861 Demand Note graded PMG Very Good 8 Net, a handwritten "For The" example from the St. Louis district, which brought $109,250.
"Prior to the recent discovery of the note," said Allen Mincho, Director of Currency Auctions at Heritage, "no handwritten 'For The' St. Louis Demand Notes were known in any denomination."