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Lot 19440

Image Information

Type Currency
Title Lot 19440
Country U.S.
Grade Fine 15
Service PCGS
Description St. Francisco, CA - Miners Bank of Savings of Alta-California $1 in Gold Dust 18__. Remainder. PCGS Fine 15. This is the highest denomination of the four printed from the Gavit & Co., Albany intaglio steel plate. Extremely rare, it is only the third confirmed example and is by far the finest known. This type was not in the Ford or Schingoethe collections. Nearly full banknote size, it has ample space for vignettes. In the center, under the arced and stacked titles, is a "1" die. At bottom center, "One Dollar/IN GOLD DUST." At the far left is allegorical female holding a ONE oval die. At the upper right is seated Agriculture. Curiously, in the late 1980s, the American Banknote Co. pulled this plate from storage and printed test impression sheets to assess its condition for creating an offset mass printing plate for a promotional note. The Alta $1 reproduction was among six others placed into marked boxes of Cheerios and distributed for a brief time. This is beautiful example with a wide sheet margin remaining along the top; this denomination was at the left top position on the sheet, next to the 75 cents. The first example we observed was in the March 2011 Stack's Bowers sale. It realized $7,475 and had condition problems. Another example was brought into a northern California coin shop in 2012 and was sold at our 2013 FUN Sale, PCGS Fine 15, for $8,812.50. This is a beautiful piece and real standout note from California. Ex: Eric P. Newman Numismatic Education Society. Realized $8,812.50. Newman VI (Heritage Auctions, 4/2015), lot 19440. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part VI
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