ALL $1 OPENINGS! EVERY SINGLE LOT IS STARTING AT $1!
We are very excited to present 600+ lots of The Massive Texas Oil Rare Coin Collection.
This auction is featuring The Texan Collection, entirely put together with East Texas Oil Money! East Texas oil dates back to the 1930’s, a time that people referred to as
"the gusher age" or the "Texas oil boom".
It was unprecedented. A period of dramatic change and economic growth in Texas. The discovery that began the boom was near Beaumont Texas, the find was unprecedented in its size. The gentleman who consigned this collection can trace his ancestors back to this find.
He has been collecting for more than half of his life. His collection boasts an impressive display of variety. He was a man of broad taste, but had particular interests in rare gold.
Join us live on Sunday, 9/29 - Monday 9/30 at 7:30pm ET with Corey!
PREBIDDING OPEN NOW! ALL LOTS STARTING AT $1!
We will auction lots 5761-6120 on Day and 6121-6480 on Day 2
Please Note, per our deal with the consignee, this auction needs to be paid within 72 hours of Invoicing. We accept credit card or wire on invoices below $5000 and only check or wire on invoices $5000+
We can't wait to see you at the auction!
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LOT 5788:
1928 $10 Gold Certificate Signatures Woods/Mellon Grades xf. FR-2400 Alexander Hamilton is the central subject of ...
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Sold for: $250
Start price:
$
5
Estimated price :
$225 - $450
Buyer's Premium: 18%
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1928 $10 Gold Certificate Signatures Woods/Mellon Grades xf. FR-2400 Alexander Hamilton is the central subject of this scarce $10 gold note, issued because of a change in the size of United States currency beginning with all series dated 1928. This change in the size of America’s currency came about from a study that had determined that printing smaller currency would save the government a hefty amount of money in production cost. Because of the nature of gold certificates – each one accompanied the deposit of gold coins – they are somewhat scarce to begin with, as gold is far more scarce than silver. Add to that the decision to drop the gold standard by President Franklin D. Roosevelt in 1933, thus making owning gold coin (or notes promising gold coin) illegal, and you end up with a series of notes that was printed, then recalled less than six years after their initial issue. Many of the notes were destroyed when turned in, and few of them survived. Fortunately for collectors, the restriction for owning gold certificates as collectibles was repealed by Treasury Secretary C. Douglas Dillon in 1964, but the damage had been done to the stockpiles of said notes. Not many remain of the millions that had originally been issued prior to the depression.
