SANTA ANA, CA.-
Numismatic auction powerhouse Stacks Bowers Galleries
will be presenting for sale an ultra-rare 1882 $100 Gold Certificate estimated at roughly $1 million at The American Numismatic Association Worlds Fair of Money in Chicago on Friday, August 16, 2019.
This particular Gold Certificate is the only one known to exist in private hands and is estimated at $800,000 - $1.2 million, 8,000 12,000 times its face value. The "Triple Signature" 1882 Gold Certificate is one of just three pieces extant. The other two reside in the collections of the Federal Reserve Banks of New York and San Francisco.
The face of this note has the portrait of Missouri Senator Thomas Hart Benton (nicknamed "Old Bullion") at the left and the denomination in two conjoined rosettes at the right. Gold overprints include "GOLD" at the top center and backgrounds to the serial numbers. The back is printed in a rich orange-gold and has an eagle at the center.
After December 17, 1878, gold coins and paper currency were exchangeable at par in general commerce. Accordingly, these are the first of the Gold Certificates that saw wide use. The engraved signatures of Treasury officials Bruce and Gilfillan are stacked in the lower right corner. To their left is the large engraved signature of Thomas Acton, Assistant U.S. Treasurer at New York. In fact, these notes were payable at the office of the Assistant U.S. Treasurer there.
This is another exceptional rarity that can trace its pedigree back to the legendary collection of Albert A. Grinnell. It last traded publicly for $822,500 in a January 2014 auction. It is no less rare now than it was then. However, demand for ultra-rarities such as this has only increased.
The 1882 $100 Gold Certificate will be presented in the Stacks Bowers Galleries Official Auction at the ANA Worlds Fair of Money, Friday, August 16, 2019 at the Donald E. Stephens Convention Center in the Chicago suburb of Rosemont, Illinois.
The fact that this note is the only surviving example makes it rare in and of itself, said Brian Kendrella, President of Stacks Bowers Galleries. History has shown that the value of extremely rare and desirable collectibles, like this 1882 Gold Certificate, tend to outperform over time.