Two New Bank Note Rarities Discovered
By Bank Note Reporter
Heritage Auction Galleries has announced the
discovery of two new notes. The first is a
previously unseen rarity in the form of a 1915
$5 Federal Reserve Bank Note type. The second is
the only known serial No. 1 star note from the
$2 Bicentennial Federal Reserve Note series. The
newly listed Fr. 788a FRBN $5 and the Fr.1935-L*
1976 $2 star will be featured for sale in the
2009 Central States Numismatic Society
Convention Signature CAA Auction, highlights of
which can found in this issue of BNR.
The Houston B. Teehee/John Burke signature
combination on the 1915 FRBN features the
previously unknown stamped signature pairing of
M.W. Bell, as secretary, and Joseph A. McCord,
"This is the first note ever reported with that
combination," said Greg Rohan, president of
Heritage, "and the fact that a new Friedberg
number has been created adds to the overall
appeal of this note, which is already a beauty
without the added value of this 'new' pairing."
The 18th edition of Paper Money of the United
States by Arthur L. and Ira S. Friedberg
features a listing for a Fr. 788 $5 note
carrying bank signatures of M.W. Bell/Max
Wellborn, while the listing for the Fr. 789
mentions the J.B. Pike/Joseph A. McCord pairing.
The note, graded PMG Very Fine 25, carries an
estimate of $75,000 or higher.
The newly surfaced Fr. 1935-L* No. 1 San
Francisco District 1976 $2 star had been hidden
away by its owner since 1976, when it was
obtained (along with the serial No. 2 San
Francisco 1976 $2 star, which accompanies it in
this sale) by the consignor's grandmother from a
Bank of America branch in Oakland, Calif.
According to a Heritage press release, "she went
in with the express purpose of obtaining a
couple of the newly issued $2 Bicentennial notes
for her grandson's budding coin and currency
Each of these two notes is described as having
one light storage fold from having been stored
in an envelope since 1976.
"Otherwise each note is as pristine and
undisturbed as the day they were pulled from the
pack of bills at the Bank of America in the Bay
Each note is graded PMG Choice About
Uncirculated 58 EPQ. The pre-sale estimate for
the serial No. 1 star example is $20,000 to
For additional information, contact Heritage,
500 Maple Avenue, Dallas TX 75219; telephone
800-872-6467; or visit www.ha.com.