Teletrade® is set to launch its inaugural currency auction with two dozen ultra-rare bank notes from the Huntoon Collection.
Two dozen rare bank notes from the celebrated collection of renowned researcher
and collector, Peter W. Huntoon, are among the more than 500 notes that are now
being offered in the Inaugural Teletrade® Certified Currency Auction, Sunday,
September 10, 2006.
"This is a spectacular way to launch our currency auctions. Peter Huntoon is
one of the country's most respected and distinguished bank note researchers, authors
and collectors," said Ian Russell, Teletrade® President. Huntoon hosted
an educational seminar on National Bank Notes at the PCDA show in November, 2005,
sponsored by PMG.
The Huntoon Collection National Bank Notes in the auction include a First National
Bank of Prescott, Arizona 1929 $10, Type One (Fr. 1801), with serial number C000001A,
graded PMG Choice CU-64, and a unique Utah Territory, original proof $5 First National
Bank of Utah at Salt Lake City note (Fr. 399), graded PMG Choice-63.
"Only 11 banks issued small-size notes, and serial number one notes from Arizona
are few and far between in any grade. This $10 note is a true rarity from a state
that many National Bank Note collectors actively seek," said Russell.
"The Salt Lake City Territory bank was chartered in 1869 and went into receivership
by the Desert National Bank in 1874. Although $681 in notes remain outstanding from
the Salt Lake City Territory issues, the proof $5 is the only known surviving example.
This is probably the only opportunity for a collector to obtain an issue from this
Glen Jorde, Grading Finalizer at PMG, comments: "This is the first Proof Territorial
National Bank Note that PMG has certified, and it's all the more special that it
has garnered the Exceptional Paper Quality designation. It's just one of the spectacular
highlights of the Huntoon collection."
Between 20,000 and 30,000 certified coins are offered each month in Teletrade®
auctions. Regularly scheduled auctions of certified currency will begin with the
sale closing on Sunday, September 10, 2006.
"We will have a wide variety of over 500 consigned notes in this exciting inaugural
auction, as well as 26 prized notes from Peter Huntoon's personal collection,"
For additional information, contact Teletrade® at (800) 949-2646 or online at
www.teletrade.com. More information
about PMG is available online at
www.PMGnotes.com, or by phone at (877) PMG-5570.