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8/23/16

Stacks Bowers ANA Auctions Sets New Records.

It has been a while since we had time to do a new currency blog.  A lot has happened in the past 18 months.  Stacks Bowers, the country’s oldest numismatic auction firm, just completed their 2016 ANA Auction.  And the paper money auction results were very strong.

The national banknote highlight was the Original Series $100 from Salem, NJ that sold for $164,500.  It’s pre-auction estimate was just $80,000 – $120,000.

The second best national was a very rare territorial ace from Pueblo, CO.  It sold for $49,350 against a pre-sale estimate of $20,000 – $30,000.  Eight other national banknotes also realized more than $10,000.

What’s Hot:  The notes that sold best had conservative estimates and were fresh to the market.  The market is in a period of change where a lot of the traditional buyers are sitting on the sidelines or being very picky about what they buy.  Anything still has a chance to perform well, but early and legitimately rare notes like first charters continue to outperform.  Red seals and blue seals were moderately soft.