There was a buzz in the crowd at the Leonard Auction House in Addison, Illinois as the 1928 $1000 Gold Certificate came to the block at Leonard Auction’s May 10th sale. Bidding opened on the internet at $5000 and quickly raced upward as phone bidders from across the country competed with live floor bidders for the coveted piece of currency. Bidding ended with a round of applause as a Wisconsin collector, who made the trip for the auction, took home the note with a final bid of $15,400 including 10% buyer’s premium.
Less than 28,000 notes were issued and most were recalled after the United States went off the gold standard in 1933. Today, there are estimated to be less than 500 of the notes in existence making the 1928 $1000 Gold Certificate one of the most prized pieces of currency.
“We knew that the rarity of the note would generate interest but we were amazed at the incredible response from collectors” said John Leonard, President of Leonard Auction. He went on to say that “the sale of this note is indicative of the strength in the currency market.”
Leonard Auction’s next scheduled sale will occur on Saturday, June 21, 2008. The sale will feature art pottery & glass in addition to a fine selection of 19th and 20th century antiques and collectibles. A complete color catalog of the items to be offered at future sales is available at www.leonardauction.com.
Leonard Auction is one of the Chicago area’s leading auction houses, conducting monthly auctions at our headquarters located at 1765 Cortland Ct., Ste. D, Addison, Illinois. In addition to a regular auction schedule, we also conduct on-site estate sales and offer an eBay drop-off service. Consignments are always being accepted for upcoming auctions and eBay sales. To learn more about our services, or to arrange a consignment, please contact our office at 630-495-0229 or visit our website, www.leonardauction.com
