Archives International Auctions Auction 103 June 11, 2025

Introduction to the Sale Foreword We proudly present Auction 103, an exceptional sale of 4 8 8 lots of rare and historic banknotes, fiscal documents, and financial ephemera. This sale is especially distinguished by an outstanding selection of early U.S. 1864 Interest Bearing Notes and an extraordinary pair of ca.1837 Louisiana Interest Bearing Post Notes—offered publicly for the very first time. Among the many highlights is a trio of rare 1864 U.S. Interest Bearing Treasury issues, including the iconic $50 and $100 Compound Interest Treasury Notes, and a $50 Interest Bearing Note, with only 6 known of this type —all of these notes are rarely seen at auction, usually individually, with this being a rare occasion that all three will be available in one venue. These notes were designed as financial instruments to help fund the Civil War effort and remain among the most historically important and visually complex notes ever issued by the U.S. Treasury. Adding to this prestigious group are two recently discovered Post Notes from the Citizens Bank of Louisiana, including a $100 and a $500 denomination, circa 1837. These discovery pieces—graded PMG VF 25 and Choice XF 45 respectively—are the earliest known Louisiana bearer Post Notes to explicitly bear interest. Their emergence offers collectors a rare glimpse into the financial mechanisms of antebellum Southern banking, and their inclusion marks a notable auction debut. In addition, this auction features a standout selection of U.S. rarities, beginning with an 1882 $5 National Bank of Kentucky of Louisville, Ch# 5312 S, Fr#537, graded PCGS Superb Gem Unc 67 PPQ—one of the finest known for the bank. A 1914 $10 Federal Reserve Note Red Seal from the Atlanta District, Fr#897A, graded PCGS Choice Unc 63 with the coveted low serial number F2A. A major highlight includes a remarkable Series of 1928A Richmond District $10/$5 Dual Denomination Error, Fr#2001-E, PMG graded Choice About Unc 58, representing one of the rarest and most dramatic U.S. printing errors known, with only about ten recorded. Other highlights include an 1861 $1 Bank of Fayette County, Uniontown, Pennsylvania note with Serial Number 1, graded PMG Gem Unc 65 EPQ, and a 1912 Dominion of Canada $5, DC-21c, graded PMG Gem Unc 65 EPQ. The sale also includes a strong selection of world banknotes, U.S. Colonials, Obsoletes, Depression-era currency, security printing ephemera, and U.S. and World Scripophily. We welcome your participation in this diverse and historically significant offering. Whether you’re seeking iconic rarities or exploring overlooked segments of fiscal history, Auction 103 promises a compelling collecting opportunity. We invite you to participate live at our gallery in River Edge, NJ or online, and we thank you for your continued interest and support. Best of luck Bob Schwartz