Online bidding opens for the $2.07m Piedmont banknote collection

Collectors and numismatists all over the world are going online to get involved in Heritage Auction Galleries' Memphis Signature Currency Auction, which begins today. (You can see an in-depth video about the sale, here.)

Among the sale's star lots is the Piedmont Collection of North Carolina National Bank Notes - one of the finest collections of North Carolina national banknotes ever assembled.

The exceptional assortment comprises a total of 107 large-size - and one small size - note, in addition to unique notes, serial number one examples, type notes and high-grade rarities.

Many of the collection's highlights are from the First National Bank of Asheboro - focusing almost primarily on large-size notes from this 'very scarce state.'

The bank first opened its doors in Randolph County in 1907. Rare notes from the bank going under the hammer will include this $10 1902 Plain Back Fr. 626 (pictured below).

The Piedmont Collection includes many scarce large-size notes from the First
National Bank of Asheboro

According to Heritage, this is only the fourth large size note from the Bank of Asheboro to make an auction appearance and the first in nearly half a decade - and also one of the finest known.

Graded as "Very Fine 25", the note boast attractive and problem free paper adorned with deep and dark signatures. It will auction with a black and white postcard of the Bank in its PMG holder.

Also appearing is one of just three known $50 Plan Back notes from North Carolina - a sold, mild grade example with full stamped signatures.

Described as "very fine", Heritage most recently sold a PCGS Choice New 63 $50 Plain Back in January, 2009. It realised a staggering $30,000 - definitely making this example one to watch.

Incredibly, the entire Piedmont Collection is being offered as a single lot including, among other things, a number of extremely rare postcards and other ephemera.

The collection is being auctioned with a reserve amount of $1.8m (that's $2.07m including Buyer's Premium). At the time of writing, bidding closes in one day and 18 hours...


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