The Official Auction of the ANA World's Fair of Money

Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection, Part V August 17, 2011

The Official Auction of the ANA World’s Fair of Money Spectrum Group International Upcoming Auction Schedule

Coins and Currency Date Auction Consignment Deadline Continuous Teletrade Weekly Internet Auctions Continuous Held every Sunday, Monday, Tuesday, and Wednesday Aug 12-20, 2011 Stack’s Bowers Galleries Closed Official Auctions for the ANA World’s Fair of Money Pre-show and Convention Chicago, IL Aug 12-20, 2011 Stack’s Bowers & Ponterio Closed Official Auctions for the ANA World’s Fair of Money Pre-show and Convention Chicago, IL Aug 22-24, 2011 Stack’s Bowers & Ponterio Closed Hong Kong Auction of Chinese and Asian Coins & Currency Hong Kong Sep 13-17, 2011 Stack’s Bowers Galleries July 29, 2011 Official Auction of the Whitman Coin & Collectibles Philadelphia Expo Philadelphia, PA Nov 14-19, 2011 Stack’s Bowers Galleries October 3, 2011 Official Auction of the Whitman Coin & Collectibles Baltimore Expo Baltimore, MD Nov 14-19, 2011 Stack’s Bowers & Ponterio August 29, 2011 Official Auction of the Whitman Coin & Collectibles Baltimore Expo Baltimore, MD Jan 2012 Stack’s Bowers & Ponterio October 11, 2011 Official N.Y.I.N.C. Auction New York, NY Jan 2012 Stack’s Bowers Galleries November 11, 2011 New York Americana Sale New York, NY Apr 2-4, 2011 Stack’s Bowers & Ponterio TBD Hong Kong Auction of Chinese and Asian Coins & Currency Hong Kong

Stamps and Postal History Date Auction Consignment Deadline Sept 6-10, 2011 Corinphila Auktionen Closed Zurich, Switzerland Sept 20-24, 2011 Heinrich Köhler Stamp Auction Closed Wiesbaden, Germany Oct 6-8, 2011 Corinphila Veilingen Closed Amstelveen, The Netherlands Oct 27-29, 2011 H.R. Harmer Fall 2011 Auction September 1, 2011 Costa Mesa, CA Nov 11-13, 2011 John Bull Stamp Auctions September 1, 2011 The 2011 Winter Sale Hong Kong

Wine Date Auction Consignment Deadline Continuous Spectrum Wine Internet Auctions Continuous Every other Thursday Sept 2011 Spectrum Wine Fall 2011 Rare Wine Auction Closed Hong Kong Dec 2011 Spectrum Wine Winter 2011 Rare Wine Auction October 15, 2011 Hong Kong Stack’s Bowers Galleries presents The Harry W. Bass, Jr. Collection, Part V The Educational Series

Wednesday, August 17, 2011, 8:00 PM CDT Donald E. Stephens Convention Center 5555 N. River Road Rosemont, IL 60018 847.692.2220

California Office New York Office New England Office Hong Kong Office 18061 Fitch 123 W. 57th St. P.O. Box 1804 Stanhope House Irvine, CA 92614 New York, NY 10019 Wolfeboro, NH 03894 Room 1205, 12th Floor Telephone: 800.458.4646 Telephone: 800.566.2580 Telephone: 866.811.1804 734 King’s Road Telephone: 949.253.0916 Telephone: 212.582.2580 Telephone: 603.569.0823 Quarry Bay, Hong Kong Fax: 949.253.4091 Fax: 646.443.5548 Fax: 603.569.3875 Telephone: 852.2890.5767 www.stacksbowers.com How to Bid

Before the Live Auction There are several ways to bid prior to the start of the live auction.

Fax/Mail Bid Sheet Use the enclosed bid sheet and mail or fax it to us. If sending by mail, please allow sufficient time for the postal service.

Mail: Att. Auction Department Fax: 949.253.4091 Stack’s Bowers Galleries 18061 Fitch Irvine, CA 92614 United States

Phone Telephone Stack’s Bowers Galleries at 949.253.0916

Internet View additional images and add items to your personal tracking list. You may also place bids and check their status in real time. Visit our website at www.stacksbowers.com.

During the Live Auction

Attend in Person Auction Event: Donald E. Stephens Convention Center 5555 N. River Road Rosemont, IL 60018

Live Online Bidding Stack’s Bowers Galleries will offer live online bidding for this auction. We strongly recommend that you register to bid at www.stacksbowers.com at least 48 hours before the start of the auction.

Live Bidding by Phone If you wish to bid by phone during the live auction, please register your interest at least 48 hours prior to the start of the auction. Stack’s Bowers Galleries will ask for the lot numbers you are interested in with your complete contact information. Stack’s Bowers Galleries will call you during the auction and you can place bids with our representative in real time. We regret that we can only offer this service for lots estimated at $2500 or more. If you wish to arrange live bidding by phone, contact Customer Service at 949.253.0916 or email [email protected].

ii The August 2011 ANA Auction August 10-21, 2011

Lot Viewing Lot Viewing will be conducted in the Irvine, CA offices (by appointment only): July 25-29 Lot Viewing will be conducted in the NY offices (by appointment only): August 3-6 Lot Viewing will be conducted at the Donald E. Stephens Convention Center in Room 10, as follows: Wednesday, August 10 Thursday, August 11-Wednesday, August 17 2:00 pm – 7:00 pm 9:00 am – 7:00 pm

Auction Location Donald E. Stephens Convention Center 5555 N. River Road Rosemont, IL 60018 Tel: 847-692-2220

Auction Details The Harry W. Bass, Jr. Collection, Part V WEDNESDAY, AUGUST 17 STARTING TENTATIVELY AT 8:00 PM – IMMEDIATELY FOLLOWING THE SALE OF U.S. OBSOLETE AND COLONIAL NOTES. Please refer to the separate catalog for a complete listing of all U.S. Currency lots in the auction

Lot Pickup Lot Pick Up will be conducted Donald E. Stephens Convention Center in Room 10, as follows: Thursday, August 18 Friday, August 19 Saturday, August 20 Sunday, August 21 10:00 am – 1:00 pm 10:00 am – 1:00 pm 10:00 am – 1:00 pm 9:00 am – 11:00 am

All times listed in Central Daylight Time. Dates, times and locations are subject to change. Bank Wire Information: Bank of America 1455 Market Street San Francisco, CA 94103 U.S.A.

For credit to (Payee): Stack’s-Bowers Numismatics, LLC Account # 145-300-0529 US Routing # 026009593 International Routing (Swift Code) # BOFAUS3N

iii Stack’s Bowers Galleries Chris Napolitano President A collector since childhood, Chris Napolitano joined Stack’s-Bowers Galleries in December 2010 following an extremely successful career as the founder, president and CEO of Summit Rare Coins, Inc. With more than two decades of industry experience, Chris has handled in excess of $250 million in rare coins, including 80 of the coins featured in the popular numismatic reference book by Jeff Garrett, 100 Greatest U.S. Coins, along with many notable pedigrees. His numismatic knowledge is virtually unsurpassed, and he is happy to make himself available to consignors to discuss auction opportunities for their numismatic rarities and collections.

Q. David Bowers Chairman Emeritus Perhaps the best-known and most noteworthy numismatist of the last 50 years, Q. David Bowers’ work with rare coins is so voluminous and so extraordinary that he was named by COINAge magazine as one of the “Numismatists of the Century,” among a multitude of awards and honors. During his illustrious career, he has catalogued and sold at public auction many of the finest and most valuable and important collections ever assembled. They include the Louis E. Eliasberg, Sr. Collection; the Harry W. Bass Jr. Collection; the Ambassador and Mrs. R. Henry Norweb Collection; the John Work Garrett Collection sold by order of The Johns Hopkins University; the Childs Collection; and myriad others.

Richard Ponterio Executive Vice President Richard Ponterio began collecting coins as a young boy at the age of 10. His interests first peaked in numismatics while working for his uncle who owned a vending machine company. During the summer, Rick would accompany his uncle along his route, re-stocking the machines and collecting the coins which had been deposited. At the end of each day, the two of them would search through the coins for dates and varieties they needed for their collections. In 1972 he decided to make numismatics his full time profession. From 1974-1982 he helped co-found the firm Ponterio & Wyatt, conducting mail bid auctions, price lists, and attending major coin shows. In 1982 he formed the company Ponterio & Associates which was accepted in to the I.A.P.N. (International Association of Professional Numismatists) in 1988, and served on the executive committee of the I.A.P.N. for eight years. He joined the P.N.G. (Professional Numismatists Guild) in 1979, and served on its board of directors for six years. He is an ANA life member and is the president of the New York International Numismatic Convention.

Christine Karstedt Executive Vice President of Consignments Christine Karstedt serves as executive vice president of consignments. A familiar figure at numismatic conventions and auctions for over two decades, Chris has built a vast auction contacts during her extensive career. She is well known at the podium, as a licensed auctioneer and also as a speaker for numismatic programs. Chris’ ability to attract worldwide attention to the sale of numismatic material placed her at the center of the publicity program for the record-breaking $100 million treasure of the S.S. Central America and the S.S. Brother Jonathan. Over a long period of years she has worked with hundreds of consignors and helped present the Louis E. Eliasberg Sr. Collection, the Harry W. Bass, Jr, Collection, the Ambassador and Mrs. R. Henry Norweb Collection, the Walter Childs Collection, the Dr. Haig A. Koshkarian Collection, the Oliver Jung Collection, and the Cardinal Collection. She is a member of the Professional Numismatists Guild, a life member of the American Numismatic Association and a board member of the Industry Council for Tangible Assets (ICTA). Her unstinting and tireless efforts have helped leading collectors and dealers worldwide obtain the very best prices for coins, tokens, medals, and paper money, working hand-in-hand with experts and departments within our organization.

iv Stack’s Bowers Galleries Larry Stack Senior Numismatic Consultant Larry Stack, son of Harvey Stack, joined the family firm in 1973, having learned much of the business from his own study, deal- ing, and family experience. He is personally responsible for the development of many important and noteworthy collections and brought several significant collections to Stack’s, including the John J. Ford Jr. Collection, the Dallas Bank Collection, as well as the world record sale of the highest price ever realized at auction for a rare coin, the legendary 1933 St. Gaudens Double Eagle that realized an astonishing $7.59 million (the two latter sales in partnership with Sotheby’s). An experienced collector, Larry has formed major collections of French Ecus, Five-Franc pieces, and Ecus d’Or, and his in-depth collection of Celtic and Anglo-Saxon coins ranks high among the finest ever assembled. His Renaissance medals collection is now one of the standard reference works for the field. He is a member of the ANA and numerous national and international numismatic associations.

Harvey Stack Senior Numismatic Consultant Harvey Stack is the son of Morton M. Stack and nephew of Joseph B. Stack, who formed Stack’s rare coin business in 1933, where Harvey worked as a full-time staff member for 62 years, from 1947 until his retirement in 2009 as chief manager of business affairs. During those six decades, Harvey personally conducted more auction sales than anyone in the numismatic industry, and he appraised and cataloged countless numismatic rarities and was responsible for the sale of some of the most spectacular collections in history, such as the Anderson-Dupont Collection, the Davis-Graves Collection, and the Harold S. Bareford Collec- tion. In 1996, Harvey addressed the U.S. House Banking Committee to propose the State commemorative quarters series, and when the program ended in 2008 the U.S. Mint estimated that 147 million people were collecting state quarters. Harvey has been a member of the ANA for more than half a century, as well as countless other significant numismatic associations.

Nirat Lerchitvikul Director of Asian Operations Nirat Lertchitvikul is a native of Thailand who first came to the United States in 1972, beginning his career as a full-time numismatist in 1979. In 1981, Nirat traveled to West Africa and represented an international venture that bought and sold gold and rough diamonds, and upon his return to the United States he launched his own coin company buying and selling rare U.S. and international coins. From 2005 to 2011, Nirat headed the International Coin division of R. M. Smythe and Company, and in 2008 he was placed in charge of the international coin division of Spink, U. S. A., then joining Stack’s Bowers Galleries, where he remains internationally important. For the last 25 years, Nirat has been a major force in the Asian coin and paper money market, where he is widely recognized as one of the leading experts. In recent years he traveled extensively, seeking rarities from China, Hong Kong, Thailand, Straits Settelments, Korea, and other Asian countries, aided by his vast knowledge of Asian coins and paper money and his ability to communicate fluently in several languages.

v Stack’s Bowers Galleries Team

Executive Management Brian Kendrella • Matthew Chilton • Donna Gakenheimer

Consignment and Numismatic Specialists David Alexander • Jeff Ambio • Andrew Bowers • Greg Cohen • Steve Deeds • Ron Gillio • Bruce Hagen • Amandeep Jassal Melissa Karstedt • Marissa Lederman • James Matthews • Gene Nesheim • Paul Nugget • John Pack • Tom Panichella Kent Ponterio • Kyle Ponterio • Matt Quinn • Scott Reiter • Brett Renaud • Peter Treglia • Steve Tureen • Frank Van Valen Debbie Wilkes • Vicken Yegparian

Auction Services and Accounting Ceilia Mullins • Adrianne Allen • Paul Bresnahan • Samantha Douglas • Sofia Gallegos • Jenna Kendrella • Tyler Kreil Cynthia LaCarbonara • Ping Lertchit • Travis McDonald • Todd McKenna • Nina Ann Phan • Carola Ponterio Asha Ramcharan • Birgit Trinkwalter • Laura Zanuso

Marketing and Graphic Design Kris Briggs • Jennifer Meers • Bryan Stoughton • Millie Wu

Photography Karen Bridges • Julie Astrauckas • Danielle Hill • Jeremy Katz • Leah Thompson

Information Technology Areiss Baghoumiyan • Justin Barnes • Archie Bracey • Wayne Lee • James Puangco

Shipping and Receiving Ron Castro • Joe Delgado • Jose Martinez • Anibal Ortiz • John Sleeper

Administrative Carol Holt • Aubrey Bova • LeAnn Croom

Consultants Mike Hodder • James Jones • John Kraljevich • Andy Pollock Shea Finn • Adam Napolitano • David Parks • Mark Petty

vi Harry Wesley Bass, Jr.

Harry Wesley Bass, Jr. is Subsequently he became interested in computers, a relatively remembered today as one of new field for amateurs, and computerized the party’s members in the greatest American numis- his region. Later he set up a computer base for his home church, matists. On July 2 a plaque the Highland Park United Methodist Church. In the early 1990s honoring his election into when the Internet and e-mail became popular, Harry was one of the American Numismatic the first to make wide use of it, and in the area of numismatics Association Hall of Fame was he certainly was in the forefront of the new discipline. His skills, unveiled at ANA Headquar- knowledge, and enthusiasm in this were shared with the Ameri- ters in Colorado Springs, can Numismatic Association. along with memorials for the During the 1970s and 1980s he was involved in the manage- other enshrinees. His citation ment of the Vail ski resort in Colorado and the development of included this: the nearby Beaver Creek ski resort. In 1978 he successfully did “Bass, a Texan involved in oil battle with 20th Century Fox for control of Vail Associates, Inc. exploration and resort de- Bass served as chairman of the board of Vail Associates and did velopment (including Vail and Beaver Creek, Colorado), became much during the growth phases of the resort’s development, con- interested in coins in 1965. Gold coins became a passion, and tinuing his involvement through 1985. At a special ceremony, a for the next several decades he immersed himself in the study of public fountain in Vail was dedicated to his memory. The inscrip- varieties and history, in addition to interest in patterns and other tion reads: series. He founded the Harry W. Bass, Jr. Research Foundation to “The visionary who led Vail Associates in the early planning and share his findings and knowledge numismatists and others. After development of Beaver Creek. Perhaps more than any other his passing, certain highlights from his collection were loaned to individual, he saw the possibilities for the resort and made the the ANA and exhibited in the Bass Gallery at Headquarters. He extensive financial commitments necessary to launch Beaver served a term as president and was a benefactor to the American Creek. This fountain is dedicated to him.” Numismatic Society.” Among his local affiliations he was a member of the Dallas Harry Wesley Bass, Jr. was born on January 6, 1927, in Oklahoma Country Club, the Book Hollow Golf Club, the Idle Wild and Calyx City. He spent his childhood in Dallas where he graduated from Groups, and in the 1950s was first president of the Dallas Ski the day school later known as St. Mark’s Academy. His higher Club, which he helped to form. He also served as president of the education took place at the University of Texas and at Southern Sertoma Club in Dallas, a well-known service organization. Methodist University, the last being located in Dallas not far from where he made his home in recent decades. From 1978 through 1984 Harry Bass served as president of the American Numismatic Society and before and after that date During World War II he served in the Navy. After the war he he was a councilor of the Society. Today, the Harry W. Bass Jr. represented the family oil interests in Calgary, Alberta, Canada, Foundation works closely with the American Numismatic Society and then came back to Dallas where he played a prominent part in the maintenance of its website, in addition to the Foundation’s in oil exploration and served as president of H.W. Bass and Sons, main emphasis on charitable endeavors. Inc. Harry Bass was born to Wilma Schuessler and Harry Wesley Bass. In the 1950s he took a great interest in Republican politics At the time of his death from complications of lung disease on and in 1957 was Dallas County chairman for the Republican April 4, 1998, he had been pre-deceased by both of his parents Party. His wife Doris recalled that he played a prominent part in and his eldest son, Harry Wesley Bass III. He was survived by his advancing the interests of the Republican Party in a district that wife Doris and four grown children: John Harold Bass, Carol Ann was primarily Democratic. Later he served as a state committee- Bass, Robert Stephen Bass, and Beverly Bass Haralson, along man for the Republican Party representing the Dallas area. with seven grandchildren, his brother Richard D. Bass of Dallas, and his stepsons Michael Calhoun and David Calhoun.

vii Harry Bass and Numismatics solete currency of 1830s issued by the Republic of Texas, a silver tankard inlaid with European silver coins, a selection of private To describe Harry Bass’s involvement in and contributions to gold coins, a handful of silver coins (highlighted by an important numismatics would take many pages, plus even more to treat the and rare 1794 dollar), and other desiderata. ongoing outreach of the Harry W. Bass, Jr. Foundation. To Harry, the field of coins and paper money was a challenge, an inspira- In time he settled upon early gold coins of the 1795-1834 era tion, and a focal point for enjoyment. as the prime focus of his interest, perhaps from the emotions ignited by his discovery of the new 1803 variety. During the next In many ways he represented the ideal American numismatist. 30 years he bid and bought aggressively whenever a choice His interest was piqued in 1965 when he bought a roll of quar- specimen came up for sale or for auction competition. ters at face value from his bank, only to be told a while later that he could sell it for a profit. Determined to learn more he acquired Possessed of a firm but gentle turn of mind, Harry Bass tapped a copy of the Guide Book of United States Coins. A world the good parts of the hobby, while ignoring non-productive of collecting opened for him. His very first gold coin purchase controversies of the day. Further, he was an advocate of the say- was an 1876 gold dollar, Lot 511 in Paramount International ing, “if you can’t say something nice, don’t say anything at all.” Coin Corporation’s sale of May 1966, held in New Orleans. The Quick to praise and reluctant to criticize, he appreciated the good example showed evidence of circulation and was in Extremely in everyone, and became one of the most widely liked personali- Fine grade, one of the lesser-quality pieces known of this scarce ties in numismatics. date. From this beginning he went “onward and upward.” By the time of his death in 1998, he had formed the largest Indeed, that first sale was a “eureka moment” for Harry. Among collection of die varieties of early gold ever gathered by a single other purchases at the event was a $10 gold coin of 1803. Upon individual, with no equal in museum collections either. Today, inspecting the coin, he was surprised to see what appeared to be these pieces have been preserved as part of the Core Collection, an extra star embedded in the rightmost cloud above the eagle a rich legacy for observation and study, including through the on the reverse design. Seeking more information, he turned to medium of electronic copying—making information available the standard references on hand, including a monograph on easily and at a distance, a concept pioneered in numismatics by early $10 coins written by America’s leading scholar at the time, Harry and his associate in the Harry W. Bass, Jr. Foundation, Ed Walter Breen. Unbelievably, although this particular die was de- Deane. These gold coins are housed on loan in the Harry W. Bass, scribed, the curious 14th star had not been noticed! Harry made Jr. Gallery at ANA Headquarters in Colorado Springs. his first major numismatic discovery, the precursor to many that would follow! In ensuing years, Bowers and Merena Galleries was tapped by the Foundation to offer at auction other items from the Bass Col- The old adage, “buy the book before the coin” became appropri- lection, beginning with Bass Sale I in 1999, with the latest being ate as he sought to learn more. By 1967 his library was consid- the present Bass V event. In the meantime, John D. Dannreuther, ered to be very important. In time it grew became one of the working with the Bass Foundation, created what became the greatest ever formed by a private person. Even more important, standard reference, Early U.S. Gold Coin Varieties: A Study of he used his library, and over a period of time became intimately Die States 1795-1834, with Bass named posthumously as co- familiar with collectors, dealers, coins, and events of a bygone author. The volume was released in 2006 by Whitman Publishing era, while at the same time keeping abreast of current happen- LLC. ings. As a reflection of this aspect of his activity the American Numismatic Society in New York City named the Harry W. Bass, Jr. Library in his honor—the Society’s incredible holdings. With sufficient financial resources to acquire just about any coin that captured his collecting fancy, he set about building a cabinet. At first he collected here and there, this and that, acquiring such diverse pieces as tokens issued as advertisements and whimsies by early twentieth century dealer Thomas L. Elder, ob- viii Welcome to the Harry W. Bass, Jr. Sale V

A Unique Offering Christine Karstedt, who was instrumental in the presentation of the Bass I to IV sales, adds, “A warm welcome is extended to you Welcome to our offering of the unique archive of notes, proofs, to participate in this absolutely unique once-in-a-lifetime event. and essays relating to the “Educational Notes” of the 1890s, History will be made.” formed by the late Harry W. Bass, Jr. The presentation is on behalf of the Harry W. Bass, Jr. Foundation, a charitable institution which The Bass Collection No. V catalog now in your hands will forever carries on the good work of its founder. You may recall our Bass I be a prized collectors’ item on its own and a standard reference.” to IV sales, mostly comprised of coins, which still echo in the halls The “Educational Notes” of 1896 of numismatics today. Today, Silver Certificates are very popular to collect. No better This Part V catalog includes the reflection of America and the “Gay Nineties” could be found first four-subject sheets printed than on these notes. This era culminated what Mark for each of the $1, $2, and $5 Twain called the Gilded Age. denominations, each serially numbered 1 to 4. Q. David (Dave) In 1893, Chicago, Illinois was the site of a Bowers stated, “In my opinion great world’s fair, arguably the grand- this album with three sheets is est exposition ever to be held in the the most important United States United States. Public enthusiasm paper money lot ever offered! for the event caused President Indeed, all across American Benjamin Harrison to recommend numismatics this is one of the that “not less than $10 millions” greatest landmark offerings ever be directed to the building of the made.” fair. The World’s Columbian Ex- position, as it was officially titled, The Series of 1896 Silver Certifi- opened to the public on May 1, cates, known as the “Educational 1893. For the Americans who Notes,” represent the high point organized it, participated in it and in American bank note artistry. For visited it, the Columbian Exposi- many years the $1, $2, and $5 designs tion became a grand celebration have ranked high in the esteem of collectors, of what had transpired since as reflected in many articles and comments and 1492. While it celebrated the peo- in The 100 Greatest American Currency Notes, by Q. ples of the world, it did so from David Bowers and David M. Sundman, a best seller for a uniquely American perspective. Whitman Publishing LLC. On American soil, the fair was In the pages to follow you will find proofs, essays, and other primarily a celebration of success, while to the rest of the world items relating to the design and preparation of the 1896 Edu- it served as a public declaration that the American experiment cational Notes. Included are motifs considered but not adopted, had triumphed, and that America as a nation, after numerous plus designs for denominations never issued. No other archive wrenching trials and hardships that had threatened to break its like it exists. “The collector or museum acquiring this will auto- unity, had enjoyed great prosperity and has successfully come of matically be placed in the front rank of American paper money age. The World’s Columbian Exposition, as an “exhibition of the exhibits,” Bowers continued. “The items, ranging from extremely arts, industries, manufactures, and products of the soil, mine and rare to unique, would fill a display gallery.” sea,” as described in the Act of Congress that authorized it, was an immensely successful event. “All of us here at Stack’s Bowers Galleries are delighted to serve the Bass Foundation once again and, for the first time, to At about the same time that the World’s Columbian Exposition present to the numismatic community the unique first ‘Educa- was in full swing in Chicago, the Bureau of Engraving and Print- tional’ sheets,” president Chris Napolitano states. Vice-president ing in Washington D.C., was beginning to plan a new issue of

ix banknotes, which would break from traditional banknote design relating to the series. There are multiples of the regular-issue and offer compositions executed by talented artists of the day. notes in Uncirculated condition, which in itself would be a high- light of most collections. However, the Bass Collection includes In the fall of 1893, authorities at the Bureau of Engraving and proof notes, progressive proofs, and essays, some of which are Printing approached a small group of prominent muralists, paint- undoubtedly unique, and others were unpublished at the time ers, and designers to submit proposed designs for the new series Harry acquired them. In addition, therein lies one of the most of notes. Some of these gentlemen had done work for the Co- interesting currency items known in the federal U.S. Series, the lumbian Exposition, having designed the diplomas for domestic bound book containing the original three sheets of issued notes. and foreign exhibitors, and worked on decorations for exposition These 55 items are an unprecedented tribute to this series of buildings. Denominations of $1, $2, $5, $10, $20, $50, $100, banknotes, encompassing rarity, quality, and desirability. $500, and $1,000 were planned for a series of Silver Certificates which would replace the notes currently in use, whose designs had been in circulation for several years. Several proposed designs were submitted for the notes, and four of them were selected for further development into compositions that would be conducive to banknote production. However, just three denominations would be issued, the $1, $2, and $5. The remaining denominations were abandoned. The face designs featured beautiful allegorical vignettes titled, History Instructing Youth on the $1 note, Science Presenting Steam and Electricity ocus on the opular and otes to Commerce and Manufacture on the $2 note, and Electric- F P $1, $2, $5 N ity Presenting Light to the World on the $5 note. From the Information relating to the three popular Educational Series may vignette titles alone, one can easily imagine how this series of be of interest: notes stands as a monument to the achievements and contribu- $1 Silver Certificates, Series of 1896: The $1 is the low- tions of Americans. The back designs feature portraits of famous est and most available denomination in the 1896 “Educational Americans who have come to symbolize who the great figures of Note” series, a high water mark in bank-note artistry. On the face American history are, as well as the types of contributions they is History Instructing Youth, with the goddess and her pupil po- have made to our ultimate success. The $1 note features George sitioned approximately where the Lee mansion is, across the Po- and Martha Washington, representative of our elected leadership, tomac River from Washington, DC. She points to the Washington the $2 features Robert Fulton and Samuel F.B. Morse, represent- Monument. The panorama of America spreads before them, with ing the inventive minds that have advanced science and technol- the Capitol, the Washington Monument, and more. To the right a ogy in America, and the $5 note features Ulysses S. Grant, and book is opened to reveal the beginning text of the Constitution. Philip Sheridan, defenders of our Union during the Civil War. Around the border at the left, top, and right within wreaths are The submitted designs were those of muralists, and the composi- the names of famous people in American history: Longfellow, tions were very different than any American banknote designs Sherman (presumably William Tecumseh, not John), Lincoln, Ir- that had come before. The designs were thoughtful, complex, ving, Cooper, Fulton, Calhoun, Clay, Jackson, Adams (either John masterfully executed and controversial. As a result, the develop- or John Quincy), Jefferson, Washington (within a wreath larger ment of the notes seems to have taken more time that was ex- than the others), Franklin, Hamilton, Perry, Marshall, Webster, pected. The notes were finally released as the Series of 1896, and Morse, Hawthorne, Bancroft, Grant, Farragut, and Emerson. All they are generally recognized the most highly revered designs to have a small red seal with spiked border. The design is by Will appear on currency of the United States. H. Low, a talented artist in the private sector, with engraving by Charles Schlecht, and with some changes by Thomas F. Morris. A complete collection of Silver Certificates of the Series of 1896 On the back of the note George and Martha Washington appear consists of just three notes, the $1, $2, and $5. The Bass Collec- in separate portraits within ornate borders, designed by Morris, tion V offering utterly transcends completeness with 55 items and engraved by Alfred Sealey and Charles Burt. x $2 Silver Certificates, Series of 1896: The Series of 1896 $5 Silver Certificates, Series of 1896: Completing the introduced one of the most elegant of all American designs, “Educational” series of bills is the $5 entry for the Series of Science Presenting Steam and Electricity to Commerce and 1896, illustrating an allegorical motif, Electricity Presenting Light Manufacture. Illustrated are the goddess Science, two other god- to the World, sometimes called Electricity as the Dominant Force desses, and two youth, representative of ornate art, architecture, in the World. Adapted from a painting by Walter Shirlaw, this and design in the fading years of the Victorian era. The artist allegory perhaps outdoes any others seen on a federal note. At was Edwin H. Blashfield. This motif was originally made for the the center, Liberty (or perhaps Electricity) holds aloft an Edison proposed $50 denomination, but that value was never issued. bulb which casts rays on the scene below. To the left, a god in Instead, it was adopted for the $2, as here showcased, replacing the clouds uses bolts of lightning to urge fiery steeds onward. At a design by Will H. Low showing two figures, Peace, a woman, the right a flying goddess attracts a dove, with the U.S. Capitol and War, a man (also called Peace and Defense). Roso Marston, in the distance. This was the era of electricity, as epitomized by a young girl about 13 years of age, modeled three of the figures the “White City” at the World’s Columbian Exposition, 1893, for Blashfield, all except Steam and Electricity, closest to Science, with brilliant illumination at night. New uses for this power were which were modeled by young boys. By that that time she had constantly being discovered, while across America homes and spent much of her life on the legitimate stage, including in the businesses were being wired for current, especially in large and title role of the popular play, Editha’s Burglar. When Blashfield medium size towns. Thomas F. Morris engraved certain of the de- had her pose she was currently appearing as Eunice in Quo Vadis tails, while the main allegory was engraved by G.F.C. Smillie. The at the New York Academy of Music. Among other commissions, back was conceived by Thomas F. Morris and mostly engraved by she had posed for Augustus Saint-Gaudens. On the back two G.F.C. Smillie, with portraits of Civil War heroes U.S. Grant and prominent Americans are depicted: Robert Fulton of steamboat Philip H. Sheridan engraved by Lorenzo Hatch. It is interesting to fame, and Samuel F.B. Morse, highly accomplished as an artist contemplate that Grant, a great general but considered to be a but better known as inventor of the telegraph. The face engrav- poor president, is well represented on United States currency. In ing is the work of Charles Schlecht and G.F.C. Smillie. Thomas F. contrast, the highly-regarded Theodore Roosevelt has never been Morris engraved the back as well as some details on the face. depicted. Morris passed away in 1898, a great loss to the BEP.

xi Order of Sale

Essays, Proofs & Vignettes of the Educational Series Lot 5001 - Lot 5040

Issued Notes of the Educational Series Lot 5041 - Lot 5054

Bound Set of the Three Initial Serial Numbered Educational Series Uncut Sheets Lot 5055

Appendix A: Biographies of the Designers and Engravers of the Educational Series Following Lot 5055 xii The August 2011 Chicago ANA Auction The Harry W. Bass, Jr. Collection Part V

Wednesday, August 17, 2011 Start time: 8:00 PM CDT Lots 5001-5055 The Harry W. Bass, Jr. Collection Part V

Essays, Proofs & Vignettes of the Educational Series

Important 1895 Series Educational One Dollar Essay Face

5001 1895. $1. Silver Certificate. Face Essay Proof. PMG Choice Uncirculated 64. Diagostics: Black print on India paper, mounted on original wide and historic proof. A foundational rarity in the American Federal margined card. Signatures of Tillman-Morgan. Design by Will H. proof series. Low, as engraved by Charles Schlecht. The central vignette, History Provenance: Purchased from Mrs. Louise Entriken, December 16, Instructing Youth, features a female allegory of History seated with 1971. Formerly in the collection of Robert F. Schermerhorn. her right arm around a male youth. She points into the distance where a scene of Washington D.C. is visible. The U.S. Capitol and Narrative: While this design was utilized for the Series of 1896, the Washington Monument are clearly discernable. At the right is this proof is dated 1895, apparently intended for an earlier issue a representation of the United States Constitution. Around the left, date. Considering that the beginning actions to develop this is- right, and top borders are 23 small wreaths, each enclosing the sue of notes occurred in 1893, and with respect to the $1 note name of a famous American. Those honored, clockwise, include specifically, a study by Will Low for the central vignette is known, Longfellow, Sherman, Lincoln, Irving, Cooper, Fulton, Calhoun, dated May 24, 1894, it seems quite probable that an earlier issue Clay, Jackson, Adams, Jefferson, Washington, Franklin, Hamilton, date was originally intended. According to Gene Hessler’s refer- Perry, Marshall, Webster, Morse, Hawthorne, Bancroft, Grant, Far- ence, U.S. Essay, Proof and Specimen Notes, the completed design ragut, and Emerson. Each corner bears a uniquely stylized denomi- for the $1 note was accepted on July 10, 1894, clearly in plenty of nation counter. It is likely this design which prompted the term time for an 1895 Series date. However, the designs for the remain- “educational” for this series of notes. Die proof of the nearly com- ing two denominations were not accepted until well into 1895, pleted design that would be accepted for the face of the $1 Silver probably contributing to the delayed issue date of the entire series. Certificates. Slightly different from those issued, as this piece is The early $5 proofs are also found with the engraved Series date dated Series of 1895. Hessler SCE1FD. High Rarity-7. First we have of 1895. handled and purchased privately back in 1971 from the Schermer- Harry W. Bass, Jr. Commentary: Inventory number 15645-a. horn estate. Many of these Schermerhorn Educational proofs and Bass Sylloge 5001. essays may have come from Robert Friedberg over fifty years ago. Est. $6000-$9000 Tiny wisp of foxing patch, concealed mostly. An exceptional rarity

Page 2 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Superb 1896 Educational Series One Dollar Proof A Stunning Condition Example

5002 1896. $1. Silver Certificate. Face Proof. PMG Superb Gem Uncirculated 67 EPQ. Diagnostics: Black print on India paper, mounted on original card. cataloguing the finest and rarest Federal proofs. Finest known of Broad margins. Signatures of Tillman-Morgan. Central vignette, its kind is most likely for this example. History Instructing Youth as used on the issued notes and essays of Provenance: Purchased from Mrs. Louise Entriken, December 16, 1895. Die proof of the final accepted design, similar to the previous 1971. Formerly in the collection of Robert F. Schermerhorn. example, though with the engraved Series date of 1896. Hessler SCE45FD. High Rarity-6. A superb condition example. Stupendous Harry W. Bass, Jr. Commentary: Inventory number 15645-b. white India paper on broad margined card stock. A phenomenal Bass Sylloge 5002. proof and finest of the type we have seen in over two decades of Est. $5000-$7500

Bold Adopted Color Back Proof for One Dollar Educational Notes

5003 1896. $1. Silver Certificate. Color Back Proof. PMG Choice About Uncirculated 58. Diagnostics: Green print on India paper, mounted on card. The ample sold in The 52 Collection Part I sale. The wide card was cut completed, adopted design by Thomas F. Morris featuring engrav- down, but with ample margin remaining. Another stunner, one of ings of Martha and George Washington centrally positioned on ei- few we have encountered and rarer than the adopted 1896 face ther side of a large, ornate denomination marker. Each is in an oval proofs in our opinion. frame with a dark background. Wide design borders are filled with Provenance: From William P. Donlon’s mail bid sale of November ornamental lathework. The portrait of Martha Washington was 15, 1974, Lot 930, purchased through Dennis Forgue. Formerly engraved by Charles Burt in 1878, after the painting by Charles from the estate of Thomas F. Morris. Wilson Peale, while that of George Washington was engraved by Alfred Sealey in 1867, after Gilbert Stuart’s portrait. Die proof of Harry W. Bass, Jr. Commentary: Inventory number 17449. Bass the final accepted design for the back of the $1 Silver Certificate. Sylloge 5003. Hessler SCE45BD. The Plate Note. Rarity-7. Very bold and vibrant Est. $3000-$5000 color back proof of this intricate back design. Superior to the ex-

Bid online at www.stacksbowers.com Page 3 The Harry W. Bass, Jr. Collection Part V

Exceedingly Rare 1897 Educational Series One Dollar Face Essay Proof Last Sold in the 1974 Donlon Morris Estate Sale

5004 1897. $1. Silver Certificate. Face Essay Proof. PMG Choice Uncirculated 64. Diagostics: Black print on India paper, mounted on orignal card. the denomination markers were concerned, causing difficulty Central vignette, History Instructing Youth, similar to the adopted when counting notes rapidly. From a more technical standpoint, design of 1896 with modifications. Adjustments for this essay were it was noted that the lacking geometrical lathework on the face made in regards to ink flow, foliage in the design and some other would leave this issue more open to the work of the counterfeiter. subtle nuances. Hessler SCE3FD. The Plate Note. High Rarity-7. Die In fact, this series of notes was the first since the Demand Notes of proof of final design for proposed Series of 1897, as engraved by 1861 not to include this security feature on the face. In this rede- R. Ponickau, E.M. Hall, and G.U. Rose, Jr. A gorgeous example and sign effort, led by Thomas F. Morris, it is clear that attempts were also the first catalgoued by us. Last sold in the 1974 Donlon sale made to correct these noted problems. The denomination markers of the Morris estate materials. The wider card was cut down, but are much more clear, the design is brighter overall, and areas of there is still considerable margin remaining. The India paper and lathework have been introduced into the denomination frames. ink clarity are in character with the vast majority of this exceptional The foliage in the foreground and the shading have been reduced offering, superb. somewhat weakening the muralists original work, though at the Provenance: From William P. Donlon’s mail bid sale of November same time creating a composition more conducive to banknote 15, 1974, Lot 929, through Goliad Corporation. Formerly from the production. estate of Thomas F. Morris. Harry W. Bass, Jr. Commentary: Inventory number 17448. Bass Narrative:. Several complaints had been levied against the issued Sylloge 5009. designs of the Series of 1896. Among them were commentaries Est. $8000-$12,000 on the general darkness of the design, and the lack of clarity where

Page 4 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

A Second Exceedingly Rare 1897 Educational Series One Dollar Face Essay Proof

5005 1897. $1. Silver Certificate. Face Essay Proof. PMG Choice Uncirculated 64. Diagnostics: Black print on India paper, mounted on orignal wide Provenance: Purchased from Mrs. Louise Entriken, December 16, margined card. Central vignette, History Instructing Youth. This 1971. Formerly in the collection of Robert F. Schermerhorn. version modified from the adopted 1896 issued notes for various Harry W. Bass, Jr. Commentary: Inventory number 15645-c. reasons. Die proof of the final face design for the Series of 1897, Bass Sylloge 5010. similar to the previous specimen. Hessler SCE3FD. High Rarity-7. A second example and an obviously important opportunity. A bold Est. $8000-$12,000 India paper impression on card with great clarity. Museum caliber in all directions

Bid online at www.stacksbowers.com Page 5 The Harry W. Bass, Jr. Collection Part V

Inscribed Photograph of Unadopted $2 Educational Series Design

5006 Undated. $2 Educational Series. Inscribed Sepia Photograph of Original Wash Drawing. PMG Encapsulated. Diagnostics: Sepia photograph, reduced from original art, mount- Narrative: This is the first of several reduced to banknote size pro- ed on wide margin card with inscription. Essay of the $2 design duction photographs for engraver’s use. Some of these are plated submitted by Will H. Low, who also designed the successful $1 in Hessler’s opus on Proofs and Essays. Gene relays to us that years note. This design was deemed unacceptable and its history ended back in the production of his first edition, the Friedbergs supplied there. However, Low did argue later, unsuccessfully, that a fee of him with some images of these production photographs. He never $800 was due to him for his rejected design. The composition saw the actual items and they were not specified as photographs, features vignettes personifying Peace, seated at left, and Defense, which would have been difficult to ascertain under the circum- seated to right, each facing with arms outstretched toward the stances. Though this proposed design met with approval from en- other holding an olive branch and sword, respectively. Peace is de- gravers Charles Schlecht and G.F.C. Smillie, Claude M. Johnson, picted robed, with a scythe in her right hand. Defense wears a Ro- the Chief of the Bureau of Engraving could not be satisfied. In a man style cuirass and bears a lighting bolt in his left hand. Painting letter to Low dated January 5, 1895, Johnson wrote to Low in- had serial number B97738241056. The original wash painting was forming him that the design was unacceptable. Though the hand part of the Glenn Jackson Collection and prior to that, the Thomas that penned the note below the design on the present piece is not F. Morris estate. More recently, it hung in our offices at 123 West identified, it yields some clue as to the feeling of the personal ex- 57th Street before being sold in 2008. The painting is currently changes between the parties involved in the design process. Clear- in an important private collection. The lower margin is written in ly, Low strongly believed that his proposed design was suitable, if brown ink, “Rejected design by Will H. Low, about which he made not perfect for the $2 note, considering that his effort to defend it so much fuss by appeals to the Sect. of Treasury, the President, reached the Secretary of the Treasury, and even the President. The and finally, the public press.” Style of Hessler SCE4FD. Though not mere fact that the inscription reads as it does is suggestive that an original art, an important item from this Educational series devel- aspect of contempt drove the hand that wrote it. opmental materials. Likely, from Robert Friedberg at one time. Harry W. Bass, Jr. Commentary: Inventory number 15645-n. Provenance: Purchased from Mrs. Louise Entriken, December 16, Bass Sylloge 5011. 1971. Formerly in the collection of Robert F. Schermerhorn. Est. $300-$500

Page 6 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Unadopted Fifty Dollar Educational Note Photograph with Design Used on the Two

5007 Undated. $50. Silver Certificate. Sepia Photograph of Original ashW Drawing. PMG Encapsulated. Diagnostics: Sepia photograph of original wash drawing, reduced purely on a developmental basis. Blashfield notes in his letter of to banknote size, mounted on wide margin card. Central vignette, April 15, 1895, as excerpted above, that the 50 is an important Science Presenting Steam and Electricity to Commerce and Manu- compositional feature acting as part of a pyramid effect. Careful facture as originally designed and proposed for the $50 denomina- contemplation of the two different $50 designs reveals that they tion by Edwin H. Blashfield, but modified and used on the Two Dol- both have something of a pyramidal structure. However, the large lar notes. The lower margin bears the handwritten note, “altered and bold 50 on either side of the central vignette, as found only on and used for $2.00 Silver Certificates Engraved by G.F.C. Smillie this present style, is a more significant part of the noted pyramidal Edwin Howland Blashfield designer.” Style of Hessler SCE6. The structure in the composition than are the less prominent 50s in Plate Piece. Engraver’s production phtograph of what is probably the previously discussed design. In addition, the handwritten note the earliest prototype for the $50 denomination, and by default, in the lower margin clearly identifies this design as the original the earliest prototype for the $2 note as well. The image show in by Blashfield, which was later altered. It is important at this point Hessler was supplied by the Friedbergs who obviously sold this to to call the reader’s attention back to HBCC-5012. The instrument Schermerhorn with other Educational pieces and of course, the in the foreground of that engraving there tentatively identified as epic sheets. a loom comb is also visible on this specimen. Thus that vignette, Provenance: Purchased from Mrs. Louise Entriken, December 16, placed with the progressive proofs for the $2 notes, is technically 1971. Formerly in the collection of Robert F. Schermerhorn. a prototype of the present $50 design. These are the only two recorded appearances of this instrument in the known impressions Narrative: Relating to the discussion of the next item (HBCC- featuring this central vignette. 5053), it is highly probable that this present wash drawing phot- graph is the original proposed design for the $50 submitted by Harry W. Bass, Jr. Commentary: Inventory number 15645-r. Bass Edwin Blashfield. While the central vignette is the same as that Sylloge 5054. used in banknote production, the surrounding design features Est. $500-$1000 are significantly different, suggesting this as an earlier prototype,

Bid online at www.stacksbowers.com Page 7 The Harry W. Bass, Jr. Collection Part V

Proposed Fifty Dollar Educational Design Photograph

5008 Undated. $50. Silver Certifcate. Photograph of Wash Drawing for Proposed Design. PMG Encapsulated. Diagnositics: Photograph of wash drawing, reduced to banknote given before and which are the same today as then, I also object size, mounted on paper and affixed to thick Bristol board wide distinctly on artistic grounds to the change from fifty to a two. You margined card. Central vignette, Science Presenting Steam and can easily see that the 50 is an important compositional factor in Electricity to Commerce and Manufacture, as altered and engraved the building up of my design. I have arranged a pyramid which by G.F.C. Smillie after the original design by Edwin H. Blashfield. a two cannot possibly supplement a fifty. It could be changed to In the lower margin of the proof is the handwritten note, “as al- a twenty or a ten, without any injury to the balance of the com- tered and engraved by G.F.C. Smillie from E.H. Blashfield’s design.” position but not to any denomination expressed by a single nu- Style of Hessler SCE7FD. Proposed design that is different from the meral.” In fact, careful comparison of this $50 note to the final previous version. Some light spotting and aging of the paper is design as used for the $2 note shows very little significant change. noted, though mostly on the mounting card. Card verso notation The changes in the denomination markers are not particularly sig- “Property of G.F.C. Smillie.” nificant, and do not extensively change the overall composition. Provenance: Purchased from Mrs. Louise Entriken, December 16, Though the present $50 design is illustrated by Hessler as Blash- 1971. Formerly in the collection of Robert F. Schermerhorn. field’s original, was John Pack’s conjecture that this $50 specimen is not the design which Blashfield’s letter refers to. It is worthy to Narrative: As noted in the other discussions of the $2 notes in the recall here that the handwritten margin on the present piece indi- Bass Collection, the design for that denomination was originally cates that this design is “as altered and engraved by G.F.C. Smillie intended for the $50 denomination. This specimen shows how the from E.H. Blashfield’s design,” indicating that Blashfield’s original design would have appeared had it been used for the larger de- submission was of a different style. nomination. Edwin Blashfield, whose commission was to prepare a design for the $50, was very displeased that his design was altered Harry W. Bass, Jr. Commentary: Inventory number 16545-Q. for use as a $2 note. In a letter to G.F.C. Smillie of April 18, 1895, Bass Sylloge 5053. Blashfield writes, “In regard to changing [the] denomination of my Est. $300-$500 fifty, please tell Mr. Johnson that in addition to my other reasons

Page 8 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Early Central Vignette Essay Proof for the Two Dollar Educationals

5009 Undated. $2. Silver Certificate. Central Vignette Essay Proof. PMG Choice Uncirculated 63. Diagnostics: Black print on India paper only. Central vignette, Sci- Provenance: Purchased from Mrs. Louise Entriken, December 16, ence Presenting Steam and Electricity to Commerce and Manufac- 1971. Formerly in the collection of Robert F. Schermerhorn. ture, features five allegorical figures. A dominant central female, Narrative: Considering that this vignette was originally proposed Science, presents two youths representing Steam and Electricity as central to the composition submitted for the $50 denomination, to female figures at left and right, representing Commerce and it may have been more technically appropriate to include this early Manufacture. This is the first Engraver’s progressive die proof of the impression with the $50 essays. However, it is placed here with the central face vignette designed for the $50 Silver Certificate, a de- $2 proofs to demonstrate the development of the final design as nomination never issued. An object in the viewer’s left foreground issued. appears only on this particular proof and one other. Though previously unidentified, it is the end what appears to be a loom comb, Harry W. Bass, Jr. Commentary: Inventory number 90001. Bass or some other paddle-like instrument. The tool is fully visible on the Sylloge 5012. $50 essay catalogued below as HBCC-5054. Hessler SCE8FD. Rar- Est. $1000-$1500 ity-7. Very distinctive and rare vignette essay proof. Some wrinkling and old mounts seen from the verso.

Bid online at www.stacksbowers.com Page 9 The Harry W. Bass, Jr. Collection Part V

Impressive Wide Margin Card Vignette Essay Proof for Two Dollar Educationals

5010 Undated. $2. Central Vignette Essay Proof. PMG Choice Uncirculated 64. Diagnostics: Black print on India paper, mounted on wide margined card. Central vignette, Science Presenting Steam and Elec- tricity to Commerce and Manufacture. Engraver’s progressive die proof of the central vignette used on the $2 Silver Certificate. The object in the left foreground, as noted on the previous specimen, has now been removed. Below the vignette is the addition of its title, where it would remain on the final accepted design. Hessler SCE185FD. Rarity-6. This realized $1,300.00 in the Donlon Sale back in 1974. There are a few trivial foxing spots noted. but an exceptionally broad card and vibrant white India paper. A beautiful example. Provenance: From William P. Donlon’s sale of November 15, 1974, Lot 934, purchased through Dennis Forgue. Formerly from the estate of Thomas F. Morris. Narrative: This is clearly the earliest completed proof of the central vignette for the $2 note. There are minute differences in this vignette, and the one previously catalogued as HBCC-5012, aside from the noted object in the foreground. Close inspection will reveal fine differences in the teeth of the cog wheel, and the addition of the title of the vignette, where it would appear on the final $2 design. This vignette proof, along with the proofs catalogued in the Bass Sylloge as HBCC-5014, 5015, 5016, 5017, and the final note, HBCC-5020, give the viewer an excellent look at the developmental stages that contribute to the production of a final plate for printing issued notes. Included with the lot is a typed display card discussing this denomination and art. On the verso of this card some pencil sketches. Harry W. Bass, Jr. Commentary: Inventory number 17453-a. Bass Sylloge 5013. Est. $1200-$1600

Page 10 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Immaculate Two Dollar Educational Face Progressive Proof

5011 Undated. $2. Silver Certificate. Face Progressive Essay Proof. PMG Gem Uncirculated 66 EPQ. Diagnostics: Black print on India paper, mounted on original card. A fascinating more advance progressive state of this great design. Central vignette, Science Presenting Steam and Electricity to Com- Broad margins and immaculate paper quality. merce and Manufacture. Engraver’s progressive die proof of the Provenance: From William P. Donlon’s sale of November 15, face featuring the central vignette, with the addition of “UNITED 1974, Lot 934, purchased through Dennis Forgue. Formerly from STATES” at top. It is interesting to note that the letters are not the estate of Thomas F. Morris. quite complete, particularly on the D in UNITED, and the first S of STATES. Clearly, the engraver was anticipating that some feature of Harry W. Bass, Jr. Commentary: Inventory number 17453-b. the design would be overlapping these letters, which occurs only Bass Sylloge 5014. to a slight degree on the final design. Hessler SC185FD. Rarity-7. Est. $1500-$2500

Advanced State Face Progressive Two Dollar Essay Proof A Distinctive and Extremely Rare Version

5012 Undated. $2. Silver Certificate. Face Progressive Essay Proof. PMG About Uncirculated 50. Diagnostics: Black print on India paper only. Central vignette, Sci- roughness is noted at the corners, though relatively insignificant. ence Presenting Steam and Electricity to Commerce and Manufac- Provenance: From William P. Donlon’s sale of November 15, ture. Engraver’s progressive die proof of the face, with significant 1974, Lot 934, through Dennis Forgue. Formerly from the estate additions around the central vignette including the large, stylized of Thomas F. Morris. shields to the left and right that will frame the denomination markers and serial numbers on the final design. The large palm fronds Harry W. Bass, Jr. Commentary: Inventory number 17453-c. which shade the central figures have also been added at this stage. Bass Sylloge 5015. Hessler SCE185FD. High Rarity-7. The Plate Note. An extremely rare Est. $2000-$3000 and distinctive essay proof. A gorgeous impression. Some slight

Bid online at www.stacksbowers.com Page 11 The Harry W. Bass, Jr. Collection Part V

Superb Nearly Complete Two Dollar Educational Essay Proof Face

5013 1896. $2. Silver Certificate. Face Progressive Essay Proof. PMG Choice Uncirculated 63. Diagnostics: Black print on India paper, mounted on original wide Provenance: Purchased from RARCOA, June 20, 1978. margined card. Central vignette, Science Presenting Steam and Harry W. Bass, Jr. Commentary: Inventory number 17738. Bass Electricity to Commerce and Manufacture. Nearly complete pro- Sylloge 5016. gressive die proof of the face, lacking only signatures, and shading, and a few other simple embellishments. Hessler SCE185FD. High Est. $5000-7500 Rarity-7. Another fabulous essay proof which is nearly complete in details. Beautiful on the wide margin card. Trivial foxing is noted. Dated in pencil in the lower left corner, “15 May 1896.”

Page 12 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Gem Virtually Complete 1896 Two Dollar Educational Face Proof Vibrant and Impressive Impression

5014 1896. $2. Silver Certificate. Face Essay Proof. Gem Uncirculated 65 EPQ. Diagonistics: Black print on India paper, mounted on wide mar- estate collection proofs. A vibrant and impressive impression that gined card. Signatures of Tillman-Morgan. No plate position. projects mightily. Would pair nicely with the 1896 One Dollar proof Central vignette, Science Presenting Steam and Electricity to Com- impression offerred here. merce and Manufacture. Die proof of the nearly final, accepted Provenance: Purchased from Mrs. Louise Entriken, December 16, design with engraved signatures of Tillman and Morgan, but miss- 1971. Formerly in the collection of Robert F. Schermerhorn. ing some subtle details such as shading at the bottom and no plate postion letter at lower right. Hessler SCE185FD. Rarity-7. Matches Harry W. Bass, Jr. Commentary: Inventory number 15645-p. up nicely compared to the proof plated in Hessler, page 103. Per- Bass Sylloge 5017. haps less than four exist and this is likely the finest known. Hails Est. $8000-$12,000 from the private group obtained in 1971 from the Schermerhorn

Bid online at www.stacksbowers.com Page 13 The Harry W. Bass, Jr. Collection Part V

Extremely Rare Full Color Two Dollar Educational Back Proof

5015 1896. $2. Silver Certificate. Color Back Proof. PMG Choice Uncirculated 63. Diagnostics: Uniface back die proof in full green printing, on India dling observed upon the perimeter broad margins. Last sold back paper only. The completed, adopted design. The portrait vignettes in 1974 for $4,350 (as cited in Hessler) to add perspective. Missing of Robert Fulton at left, and Samuel F.B. Morse at right are en- from many of the Federal proof offerings we have catalogued or graved by Lorenzo J. Hatch, while the remainder of the composition viewed. was designed by Thomas F. Morris. The portraits, each in an oval Provenance: From William P. Donlon’s sale of November 15, frame, are central focal points. Ornamental lathework fills most of 1974, Lot 931, though Dennis Forgue. Formerly from the estate the remaining space, though large stylized denomination markers of Thomas F. Morris. appear prominently to the left and right of the portraits, and between them at the upper center. In addition, numeric denomina- Harry W. Bass, Jr. Commentary: Inventory number 17450. Bass tion counters are found at the four corners. Hessler SCE185BD. Sylloge 5019. The Plate Note. Rarity-7. Impressive, bold color and only trivial han- Est. $4000-$6000

Page 14 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Exceedingly Rare Essay Fulton-Morse Back Proof in Black Ex Dr. Glenn Jackson Collection

5016 1896. $2. $2.00. Silver Certificate. Back Essay Proof in Black. PMG Choice Uncirculated 64 EPQ. Diagnostics: Black printing on India paper, mounted on original and several examples from that collection were sold last June 29th, card. Adopted design with portrait vignettes of Robert Fulton at 2010 in the 52 Collection Part I sale bringing multiples of what left, and Samuel F.B. Morse at right. Geometric borders and flour- they sold for in 1990. This significant example has been off the ishes, corner counters and obligation bottom center. Die trial in market for 21 years. black. Hessler SCE185BD. High Rarity-7. Exceedingly rare and very Provenance: From R.M. Smythe’s Memphis International sale of distinctive die trial proof in black. This important essay proof was June 1990, Lot 3239. Formerly Dr. Glenn Jackson Collection. obtained by Dr. Glenn Jackson and was obtained by Mr. Bass at the tremendous 1990 Memphis Auction by Smythe. That 1990 Harry W. Bass, Jr. Commentary: Inventory number 145-CURR. sale garnered over $1,000,000 making it one of the impact sales Bass Sylloge 5018. of the period. That was also in a weak economic climate. The Jack- Est. $3000-$5000 son collection proofs were reasonably priced when viewed today

Bid online at www.stacksbowers.com Page 15 The Harry W. Bass, Jr. Collection Part V

Extremely Important Series of 1897 Progressive Face Essay Proof Perhaps Unique in Private Hands

5017 (1897). $2. Silver Certificate. Face Progressive Essay Proof. PMG Choice Uncirculated 64. Diagnostics: Black print on India paper, mounted on orignal wide Provenance: Purchased from Mrs. Louise Entriken, December 16, margined card. Undated and without signatures. Progressive proof 1971. Formerly in the collection of Robert F. Schermerhorn. with central vignette, Science Presenting Steam and Electricity to Narrative: This fairly advanced proof, while not by any means Commerce and Manufacture. Vignette appears to be similar to ad- complete, shows the designer’s intent to brighten the composition opted notes of 1896. Details in upper corner counter development and clarify the denomination markers. Thin, ornamental lathework have changed. A fairly advanced die proof. Hessler SCE9FD. High was used to produce the upper corner frames which would hold Rarity-7. Exceedingly rare and important. The plate note in Hessler the denomination markers in the final product. As there is no men- is from the BEP. We have not encountered another example being tion of the Series 1897 $2 note in Hessler, it is likely that this de- sold in our research and this came in the group of Educational sign was not ever completed, and other progressive die proofs are developmental proofs owned by Schermerhorn at one time. There probably not known to exist. are some very trivial wisps of foxing here and there. Overall, quite breathtaking and we emphasize that this is extremely important. Harry W. Bass, Jr. Commentary: Inventory number 15645-o. Worthy of the next museum caliber collection it resides in. Bass Sylloge 5024. Est. $6000-$9000

Page 16 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Engraver’s Developmental Sketch Photograph for Five Dollar Educational Series

5018 Undated. $5. Silver Certificate. Sepia Photograph of Early Face Design Sketch. PMG Encapsulated. Diagnostics: Sepia photograph of original art work sketch on pa- Narrative: Though the central design features are fully developed, per. Varnished on the face. Central vignette, Electricity Presenting no “banknote attributes” are included in the surrounding design Light to the World. This original sketch design represents what is work. Clearly, this is a first execution of the design, after numerous probably the earliest stage of the design proposed for the face of studies had already been undertaken by Shirlaw, some of which the $5 Silver Certificate by Walter Shirlaw. Unpublished in Hessler. exist today as illustrated in Hessler. This is the beginning of what Verso endorsed “First sketch submitted by Walter Shirlaw for $5.00 would become one of the most complex face designs to be ex- Silver Certificates.” Unusual production piece of unique character. ecuted on a piece of United States Currency. Provenance: Purchased from Mrs. Louise Entriken, December Harry W. Bass, Jr. Commentary: Inventory number 15645-d. 16, 1971. Formerly in the collection of Robert F. Schermerhorn. Bass Sylloge 5025. Est. $300-$500

Smillie’s Production Photograph of Shirlaw’s Art Drawing

5019 Undated. $5. Silver Certificate. Sepia Photograph of Orignal Art Drawing. PMG Encapsulated. Diagnostics: Sepia photograph on paper, reduced to banknote Narrative: As noted in the margin of this piece, this is the first size, mounted to wide margined card stock. Central vignette, Elec- proposed design featuring Shirlaw’s central vignette submitted for tricity Presenting Light to the World. Possibly, photograph of the consideration. The central design is based on his original sketch painting by Shirlaw from the BEP. Unpublished in Hessler. Verso en- discussed above, while the border has been executed in what dorsed in pencil “G.F.C. Smillie” and obviously from his production might be termed banknote fashion, thus providing a better idea materials. In the wide lower margin is written in brown ink, “Origi- of how a final issued product might appear. Thomas F. Morris was nal design by Walter Shirlaw.” A fascinating production item, simi- not satisfied with the added border, and felt that it would not be ar to a few others in the Bass Collection, for this famous series of conducive to an effective banknote composition. After convinc- notes. Very collectible and the only example we have seen. Integral ing Claude M. Johnson, the Chief of the Bureau of Engraving and piece from the development of this outstanding series of iconic Printing, that the design would not work, Morris redesigned the American banknotes. Some perimter card foxing and handling. border to that style later adopted. Provenance: Purchased from Mrs. Louise Entriken, December Harry W. Bass, Jr. Commentary: Inventory number 15645-e. 16, 1971. Formerly in the collection of Robert F. Schermerhorn. Bass Sylloge 5026. Est. $300-$500

Bid online at www.stacksbowers.com Page 17 The Harry W. Bass, Jr. Collection Part V

1894 Annotated “1st Proof” Central Vignette Essay Proof for Five Dollar Educationals The Hessler Plate Note

5020 1894 $5. Silver Certificate. Central Vignette Essay Proof. PMG Choice Uncirculated 64. Diagnostics: Black print on India paper, mounted on original missing, but much of the detail present. A very pleasing card vi- card. Central vignette, Electricity Presenting Light to the World. gnette essay proof. Vignette essay in strong development with sharp details, though Provenance: From William P. Donlon’s sale of November 15, 1974, the first issued notes would not bear the Series of 1896. The date part of Lot 928, purchased through Dennis Forgue. Formerly from Nov. 1st, 1894, is noted in the lower right margin in pencil, along the estate of Thomas F. Morris. with “1st Proof,” and the engravers signature, “G.F.C. Smillie.” It is assumed that these pencilled notes are in Smillie’s hand, and Harry W. Bass, Jr. Commentary: Inventory number 17447-a. possibly indicate the date of the printing of this proof. Hessler Bass Sylloge 5029. SCE358. The Plate Note. Rarity-7. This is plated on the bottom Est. $1500-$2500 of page 108 under the darker “3rd Die” proof. Backgrounds are

Page 18 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

A Second Example of the Smillie Engraved “1st Proof” Vignette

5021 Undated $5. Silver Certificate. Central Vignette Essay Proof. PMG Choice Uncirculated 64. Diagnostics: Black on India paper, mounted on original card. Cen- Provenance: Purchased from Mrs. Louise Entriken, December 16, tral vignette, Electricity Presenting Light to the World. First proof as 1971. Formerly in the collection of Robert F. Schermerhorn. described in previous, though without inscription. Hessler SCE358. Harry W. Bass, Jr. Commentary: Inventory number 15645-f. Bass Rarity-7. A second example of the first progressive die proof for the Sylloge 5030. face design. Back with corner inscription “first condition of plate.” Handsome example with some very subtle card toning. Est. $1500-$2500

Advanced Central Vignette Essay Proof for Five Dollar Educationals The Hessler Plate Piece

5022 Undated. $5. Silver Certificate. Central Vignette Essay Proof. PMG Gem Uncirculated 65 EPQ. Diagnostics: Black on India paper, mounted on original card. Provenance: From William P. Donlon’s sale of November 15, 1974, Central vignette, Electricity Presenting Light to the World. A more part of Lot 928, purchased through Dennis Forgue. Formerly from advanced state of the central vignette compared to the first plate the estate of Thomas F. Morris. (HBCC-5029 and 5030) with significant background sky details Harry W. Bass, Jr. Commentary: Inventory number 17447-b. added. Hessler SCE358. Rarity-7. Lovely condition vignette essay Bass Sylloge 5031. proof Simiar to the example sold in the 1990 Memphis auction for $825.00. That result is now ancient history. Clearly four-figure Est. $1500-$2500 realization the next destination. A beautiful proof.

Bid online at www.stacksbowers.com Page 19 The Harry W. Bass, Jr. Collection Part V

Advanced Progressive Face Essay Proof for Five Dollar Educational Notes Extremely Rare and Immaculate State of Preservation

5023 Undated. $5. Silver Certificate. Face Progressive Essay Proof. PMG Gem Uncirculated 66 EPQ. Diagnostics: Black print on India paper, mounted on original the vignette border has been tightened, while at the right about wide margined card. Central vignette, Electricity Presenting Light half of the architectural feature has been removed. Some internal to the World. Design by Walter Shirlaw, with border designs by details are not engraved as well such as Fame’s facial features. At Thomas F. Morris. The prominent central features Electricity with the right are ghost details of the beginning of details there. Hessler angelic wings, flowing drapery, and semi-nude torso advances for- SCE358. Rarity-7. An immaculate example and absolutely mesmer- ward holding the incandescent light bulb high in her right hand. izing state of preservation. As a progressive essay, one of them To the left is Jupiter, the Roman deity associated with light, vic- most distinctive types in this entire gathering. The fact that there tory, and stability. In the foreground, before Electricity, Fame (with are two in this sale does not discount the rarity of these. They are trumpet) proclaims progress. To the right is Peace, releasing a dove the only two we have encountered in over tow decades of research into flight above her head. The dome of the U.S. Capitol is visible and cataloguing of Federal proofs and essays. Flirting with or ex- in the background. The engraving is by G.F.C. Smillie, with some ceeding five-figures is not out of the question. finer details added by George U. Rose, Jr., R. Ponickau, Edward Provenance: Purchased from Mrs. Louise Entriken, December 16, M. Hall, L.F. Ellis, S.B. Many, D.S. Ronaldson, J. Kennedy, and E.E. 1971. Formerly in the collection of Robert F. Schermerhorn. Myers. Advanced progressive die proof of the face design, with all basic constructs of the border design added. The central vignette Harry W. Bass, Jr. Commentary: Inventory number 15645-k. has been shortened horizontally compared to the vignette essay Bass Sylloge 5032. proofs to make adequate room for the border. At the viewer’s left Est. $6000-$9000

Page 20 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Second Extremely Rare Face Progressive Essay Proof A Bold Impression and the Hessler Plate Piece

5024 Undated. $5. Silver Certificate. Face Progressive Essay Proof. PMG Choice Uncirculated 64. Diagnostics: Black on India paper, mounted on original card. Provenance: From William P. Donlon’s sale of November 15, 1974, Central vignette, Electricity Presenting Light to the World. Very ad- part of Lot 928, purchased through Dennis Forgue. Formerly from vanced version, but missing several details at left and right. The the estate of Thomas F. Morris. central vignette is compressed compared to the vignette essay Harry W. Bass, Jr. Commentary: Inventory number 17447-d. proofs. Hessler SCE358. The Plate Note. Rarity-7. A second ex- Bass Sylloge 5033. ample of the progressive die proof as catalogued previously. An amazing second chance to obtain this distinctive essay proof. An Est. $6000-$9000 extremely bold impression. The card stock trimmed a bit, but with considerable margin. Very faint foxing specks noted with scrutiny.

5025 Undated. Period Information Card from Display of Shirlaw $5 Educational Series Art Sketches. PMG Encapsulated. Diagnostics: Brown ink printed AND CHIEF OF THE ENGRAV- text on tan paper. Uneven mar- ING DIVISION OF THE BUREAU gins, narrow at the top and bot- CARRIED THROUGH THE tom, and wider at the left and BALANCE OF THE DESIGN, right. Descriptive text briefly dis- AS FOUND IN THE FINISHED cussing the face design vignette NOTE..” Though four proofs and progressive proofs for the were included with the Lot in $5 Silver Certificate of 1896 by Donlon’s sale, the text above Shrlaw, and the completion of indicates only three. It is likely the design. Not cited in Hessler. that HBCC-5046, currently as- Unique. sociated with this card, is the Provenance: From William P. one piece which does not be- Donlon’s sale of November 15, 1974, part of Lot 928. Formerly long. Unlike the other three from the estate of Thomas F. Morris. proofs, it is dated 1897 as part of the printed design, as well as in a pencil notation in the lower margin. As such it is clearly from Narrative: This piece was included with four Engraver’s progres- the later redesign effort undertaken for Series of 1897, which was sive Die Proofs (HBCC numbers 5029, 5031, 5033, 5046) of the never issued. Thomas F. Morris, II, having recognized at a young face design as submitted for the $5 Silver Certificates of the Educa- age his father’s accomplishments, later prepared an informational tional Series, as offered in the sale here. The complete text is as fol- exhibit of many items collected by his father during the senior’s lows: “THESE SKETCHES FOR THE ALLEGORICAL GROUP FOR THE days at the Bureau of Engraving and Printing. The younger Thomas 1896 $5. SILVER CERTIFICATE AS SHOWN IN THE THREE CASES Morris lost his father in 1898, when he was a young boy. However, REPRESENT THE WORK OF THE EMINENT MURAL ARTIST WALTER at the age of 10, he was impressed by items such as these proofs, SHIRLAW. THESE PREPARATORY SKETCHES WERE LATER USED IN which he found in a large wooden box at the family home in North CARRYING OUT THIS FULL DESIGN ON CANVAS. SHIRLAW USED Branch, New Jersey. A very interesting biography of Thomas Mor- LIVE MODELS FOR HIS WORK. HIS COMPLETE DESIGN AS SUBMIT- ris, Sr., written by his son was printed in several issues of the Essay- TED WAS CONSIDERED UNSUITABLE FOR A BANKNOTE DESIGN, Proof Journal, beginning in the Winter 1966 edition. RESULTING IN THE BUREAU OFFICIALS USING ONLY THE CENTRE DESIGN (ALLEGORICAL GROUP) AND SUBSTITUTING FOR THE Harry W. Bass, Jr. Commentary: Inventory number 17447-e. BALANCE (BORDER AND LETTERING) A MORE FITTING BANKNOTE Bass Sylloge 5028. DESIGN AS A WHOLE. THOMAS F. MORRIS, SR., THE DESIGNER Est. $100-$150

Bid online at www.stacksbowers.com Page 21 The Harry W. Bass, Jr. Collection Part V

Extremely Rare and Enigmatic 1891 Dated Five Dollar Educational Essay Proof Formerly From the Dr. Glenn Jackson Collection

5026 1891. $5. Silver Certificate. Face Progressive Essay Proof. PMG Uncirculated 60. Diagnostics: Black on India paper only. Nearly complete face pro- is the only one we have encountered. We are uncertain whether gressive proof. Series of 1891 engraved at the right border ribbon. this is the Hessler plated example seen on page 110. Central vignette, Electricity Presenting Light to the World Engrav- Provenance: From R.M. Smythe’s Memphis International Sale, ing Notes and Comments. A slightly more advanced progressive June 1990, Lot 3242. Formerly Dr. Glenn Jackson Collection. die proof of the face than the two undated examples described previously. This example featuring a greater degree of completion Narrative: Though this is clearly a progressive proof of the ad- in the design border. The face of Fame is complete as well. In addi- opted design, this piece is curiously dated 1891, years before it tion, the background shading seems more developed, though this would have been produced as evidenced by the fact that the first could be from a heavier inking of the plate which is seen on several proofs of the central vignette, signed by the engraver, are hand- of the nearly complete essay proofs of 1895 and 1896. Hessler dated November 1894. SCE11. High Rarity-7. Though an enigmatic variant, an important Harry W. Bass, Jr. Commentary: Inventory number 152-CURR. Educational series essay proof. The sepia photograph offered here Bass Sylloge 5034. of what should be a much larger wash drawing also has the 1891 Est. $8000-$12,000 series date at the right end. There is some handling including a top edge fold away from the margin line. This Jackson Collection proof

Page 22 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Production Photograph for Series of 1891 Five Dollar Educational Notes Design Unpublished in Hessler

5027 1891. $5. Silver Certificate. Sepia Photograph of Original Art Drawing. PMG Encapsulated. Diagnostics: Sepia photograph on paper, reduced to banknote Provenance: Purchased from Mrs. Louise Entriken, December 16, size, mounted on thick Bristol board card with wide margins. Pro- 1971. Formerly in the collection of Robert F. Schermerhorn. duction use photograph of what should be a large painting of Narrative: The engraved Series of 1891 has never been fully ex- proposed Educational series notes. The image shows signatures of plained, though it is believed that an engraved ribbon with the Tillman-Morgan and serial number 0021012/0021000. Seal at the date 1891 had been produced for the Treasury Notes of 1891, and right. Central vignette, Electricity Presenting Light to the World. the same engraving was used in an effort to expedite the comple- The denomination markers in the upper corners are reversed when tion of the design. This date is of course corrected in the final prod- compared to the final design. Unpublished in Hessler. Perhaps uct. The reversed upper corner counter style seen on this image are Unique. In the lower margin is handwritten, “Walter Shirlaw’s de- used on the engraved plate essay offered previously. sign as modified by Thos F. Morris Engraved by G.F.C. Smillie.” No verso inscriptions. A fascinating representation and difficult to Harry W. Bass, Jr. Commentary: Inventory number 15645-j. Bass estimate. Unique character and important along with the context Sylloge 5027. of these proofs and essays. Est. $300-$500

Bid online at www.stacksbowers.com Page 23 The Harry W. Bass, Jr. Collection Part V

Extremely Rare 1895 Series Educational Series Five Dollar Face Progressive Essay Proof

5028 1895. $5. Silver Certificate. Face Progressive Essay Proof. PMG About Uncirculated 53. Diagnostics: Black on India paper only. Signatures of Tillman-Mor- makes them appealing. A bold impression and this projects might- gan. No plate letter. Central vignette, Electricity Presenting Light to ily. Once mounted to a larger card, now dismounted and so noted the World. At first glance, apparently complete. Similar to the final by PMG. Their is a healthy quarter inch of margin all around. 1895 proof, however this is not the final design offerred next. The Provenance: Purchased from Mrs. Louise Entriken, December 16, date is engraved as Series of 1895, and the finer details of some 1971. Formerly in the collection of Robert F. Schermerhorn. of the design elements, primarily those of the design border are not complete. Shading details are lighter in the borders and in the Harry W. Bass, Jr. Commentary: Inventory number 15645-L. cnetral vignette. Hessler SCE14. Rarity-7. An extremely rare essay Bass Syllloge 5035. proof with several tracked by us. Their unusual character certainly Est. $8000-$12,000

Page 24 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Stunning Condition 1895 Series Five Dollar Educational Face Essay Proof Virtually Complete Version Die Proof with Annotations

5029 1895. $5. Silver Certificate. Face Essay Proof. PMG Gem Uncirculated 66 EPQ. Diagnostics: Black on India paper, mounted on original wide mar- ity-7. A stunning example and finest imaginable in our opinion. gin card. Signatures of Tillman-Morgan. No plate letter. Central vi- Much superior to the 1895 Series Five Dollar proof we sold in the gnette, Electricity Presenting Light to the World. Virtually complete 52 Collection Part I sale for $18,400.00 This piece, quite mesmer- die proof of the face design, though as is clear from the inscription izing in scope. Printed in deep black inks flowing masterfully across noted on the card margin there were a few final touch-ups remain- the plate. A majestic essay proof of the highest caliber. ing to be executed by Robert Ponickau. The engraved date still Provenance: Purchased from Abe Kosoff, April 1973. reads Series of 1895 in the upper right ribbon. The bulb is different from the last and shading details are apparently now complete. A Harry W. Bass, Jr. Commentary: Inventory number 90003. Bass pencilled inscription in the lower margin reads, “Aug. 31/95. Proof Sylloge 5036. after work of Rose before Ponickau.” Hessler SCE19FD. High Rar- Est. $10,000-$15,000

Bid online at www.stacksbowers.com Page 25 The Harry W. Bass, Jr. Collection Part V

Choice 1896 Educational Five Dollars Face Approval Proof Annotated and Approved by Bureau Chief Thomas F. Morris

5030 1896 $5. Silver Certificate. Face Approval Final Proof. PMG Choice Uncirculated 64. Diagnostics: Black on India paper, mounted on original wide mar- perimeter only. The India paper is striking. A historic proof with gin card. Signatures of Tillman-Morgan. No plate letter. Central the BEP annotations. Immensely important in the deveopment of vignette, Electricity Presenting Light to the World. The final design the final execution of the issued notes of this famous “Banned proof as submitted for approval use. Fully annotated at the BEP. in Boston” Five Dollar type. Once again, opportunity to obtain a The bottom margin bears the handwritten date, April 10, 1896, museum piece. and the initials, T.F.M., for Thomas F. Morris, in brown ink. In light Provenance. Purchased from Mrs. Louise Entriken, December 16, blue ink is stamped “APPROVED,” and “CHIEF OF BUREAU.” A 1971. Formerly in the collection of Robert F. Schermerhorn. second handwritten notation, possibly the initials of a second party, appear at the lower left. This is unidentified. Hessler SCE358FD. Harry W. Bass, Jr. Commentary. Inventory number 15645-m. Rarity-7. This 1896 face proof class is rarer than the variants seen Bass Sylloge 5037. on the Series of 1895. A tremendously gorgeous proof impression. Est. $10,000-$15,000 Deep black with superb printing clarity. Some handling on the card

Page 26 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Unique Four Subject Face Plate Approval Proof Sheet of Five Dollar Educational Fr. 270 Types Formerly Dr. Glenn Jackson Collection

5031 1896. $5. Silver Certificate. Uncut Face Plate Approval Sheet of Final Proofs. PMG About Uncirculated 50 Net. Diagnostics: Black on India paper, mounted on original wide margined card. Signatures of Lyons-Roberts. Plate positions A-B-C-D. Uncut sheet of final proofs, with signatures and plate position letters, of the black and white portions. Central vignette, Electricity Presenting Light to the World. Bottom margin with engraved plate number 9141. Two unidentified handwritten initials in brown ink are noted in the bottom margin, as is the date August 23, 1899. Hessler 360. Type of Fr.270. Unique, the only proof sheet of Educational series note of any denomination. An amazing Federal proof item that was last sold in 1990 at Memphis. One of the treasures from the Glenn Jackson collection where it brought $9,350.00 in a less than vig- orous economy. Once mounted from the card verso with some remnants. That glue has foxed the four corners a bit and there are two horizontal card folds noted. The overall effect though is magnificent. A key piece with this signature combination and final plate position letters added. Emitted notes of the type were printed from this plate. Provenance: From R.M. Smythe’s Memphis International Sale, June 1990, Lot 3245. Formerly Dr. Glenn Jackson Collection. Narrative: The signatures are those of Judson W. Lyons, Register of the Treasury, and Ellis H. Roberts, Treasurer of the United States. The combined tenure of these officials lasted from April 7, 1898 to June 30, 1905, and this signature combination is the last of three found on this series of banknotes. The date on this proof sheet of August 23, 1899 probably indicates roughly the date of the earliest printings of notes with this signature combination. As stated, this is the only known proof sheet of the Educational series. Harry W. Bass, Jr. Commentary: Inventory number 158- CURR. Bass Sylloge 5038. Est. $25,000-$50,000

Bid online at www.stacksbowers.com Page 27 The Harry W. Bass, Jr. Collection Part V

Bold and Colorful Educational Five Dollar Final Design Back Proof The Hessler Plate Note

5032 1896. $5. Silver Certificate. Color Back Final Proof. PMG Choice Uncirculated 64. Diagnostics: Green print on India paper only. The completed, ad- only example we have catalogued. Cited in Hessler and likely this opted design by Lorenzo J. Hatch and Thomas F. Morris, as en- example. Deep green vibrancy and minimal handling on the pe- graved by G.F.C. Smillie. The portrait vignettes of Ulysses S. Grant rimeter of the broad marging. Very well embossed. A key color and Philip Sheridan are positioned at the left and right ends, re- back proof. spectively. At the center a “V” in an ornamental shield marks the Provenance: From William P. Donlon’s sale of November 15, denomination. Above, the winged head of Nike or Victory is at 1974, Lot 932, purchased through Dennis Forgue. Formerly from center. Gene Hessler notes that the face of Victory is “...said to the estate of Thomas F. Morris. greatly resemble the wife of Thomas F. Morris.” The wide top and bottom borders feature beautifully executed ornamental Harry W. Bass, Jr. Commentary: Inventory number 17451. Bass lathework. Exceptional geometric details. Hessler SCE358BD. The Sylloge 5039. Plate Note. High Rarity-7. Full color adopted back proof and the Est. $4000-$6000

Page 28 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Exceedingly Rare and Important Face Progressive Essay Proof for Modified 1897 Series Notes The “Properly Clad” Style

5033 (1897). $5. Silver Certificate. Face Progressive Essay Proof. PMG Choice Uncirculated 63. Diagnostics: Black print on India paper, mounted on original wide Provenance: Purchased from Mrs. Louise Entriken, December 16, margined card. Undated progressive face essay, with modifications 1971. Formerly in the collection of Robert F. Schermerhorn. to Shirlaw’s face design, for the propsed 1897 $5 notes. The cen- Narrative: As is true of the redesigned 1897 $1 note, the denomi- tral vignette, Electricity Presenting Light to the World as appearing nation markers have been defined clearly and identically, the over- on the previous series. Significant drapery additions to the female all design is brighter, and geometrical lathework has been added to figures to make them more “proper.” Upper counters now both the composition in an effort to make the issue a more challenging “5.” numerals. Border flourishes and scrolls much different. Un- and undesirable target for the counterfeiter. Specific to the $5 is- published in Hessler and an Unlisted Type. High Rarity-7. Possibly sue, another significant change is found in the central vignette. Unique. A fabulous and fascinating progressive essay proof. Except Drapery has been added to the figures that had been partially nude for their publication in the Bass Sylloge, we have never encountered on the 1896 issue. any examples from this $5 1897 essay series offered for sale in the past few decades. Some minor card toning and modest foxing on Harry W. Bass, Jr. Commentary: Inventory number 15645-g. the India paper. Academic, likely irreplacable. Immensely important. Bass Sylloge 5045. Est. $8000-$12,000

Bid online at www.stacksbowers.com Page 29 The Harry W. Bass, Jr. Collection Part V

More Advanced Plate State Face Progressive Essay Proof for 1897 Five Dollar Educational Notes Exceedingly Rare and The Hessler Plate Note

5034 (1897). $5. Silver Certificate. Face Progressive Essay Proof. PMG Choice Uncirculated 64. Diagnostics: Black on India paper, mounted on original wide mar- rounding the central device are simplified, offering more open field gined card. A second, more advanced version of the modified Shir- areas. Most notably, the background shading has been removed law vignette design. Central vignette, Electricity Presenting Light to and the architectural feature at the viewer’s right has been re- the World. Additional details added at the left side of the vignette. moved. This design would be more conducive to banknote produc- Like the last, with significant modifications to the drapery details, tion, as the seals and serial numbers would be more immediately border flourishes and upper corner counters. Lower left corner apparent. In addition to the noted differences in the central device, pencil annotation “17 May 1897.” Hessler SCE20. The Plate Note. the border design shows major design differences when compared Exceedingly Rare and perhaps this is Unique in private hands. Very to the issued note of 1896. While this Essay has for some time important and an impressive essay proof. The India paper is bold been associated with three progressive die proofs discussed in this and bright. Some minor foxing on the card perimeter. Highest bid- sale (HBCC-5029, 5031, 5033), this is technically not appropriate, der lands a significant prize. as these previous pieces bear the vignette style of the issued notes Provenance: From William P. Donlon’s sale of November 15, of 1896. The style represented on this essay is intended for the 1974, Lot 928, purchased through Dennis Forgue. Formerly from redesigned issue of 1897, and is significantly different. the estate of Thomas F. Morris. Harry W. Bass, Jr. Commentary: Inventory number 17447-c. Narrative: Similar to the previous essay proof, though featuring a Bass Sylloge 5046. more advanced design stage. The central device now seems com- Est. $8000-$12,000 plete, or nearly so. However, the embellishments immediately sur-

Page 30 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Advanced State Face Progressive Essay Proof for 1897 Five Dollar Educational Notes with Seal and Serial Numbers Likely Unique in Private Hands

5035 (1897). $5. Silver Certificate. Face Progressive Essay Proof. PMG About Uncirculated 53. Diagnostics: Black on India paper, mounted on original wide Provenance. Purchased from Mrs. Louise Entriken, December 16, margined card. Without signatures. Additional overprint of blue 1971. Formerly in the collection of Robert F. Schermerhorn. serial numbers, 7108001, and small red Treasury seal with rays. Narrative: Similar in design to the previous die proof, though mi- Central vignette, Electricity Presenting Light to the World. Modi- nor additions are noted in the design. The presence on this proof fied plate design from Shirlaw with additional drapery, flourish of the serial numbers and treasury seal, offered a better sample of changes, counter types. Additional finish details on this advanced how the final banknote would appear. In John Pack’s opinion (Bass plate state. Unpublished in Hessler. Likely Unique in Private Hands. Sylloge text), the final product would have successfully offered a Truly a stellar example, very distinguished and colorful. An essay cleaner, more refined appearance than the issued notes of 1896. that seems to be hard to dream up, but here it is and at public auction. One of the most significant essay proofs we have catalogued Harry W. Bass, Jr. Commentary: Inventory number 15645-h. from the Federal series. The estimate might be conservative when Bass Sylloge 5047. the bidding stops. Est. $10,000-$15,000

Bid online at www.stacksbowers.com Page 31 The Harry W. Bass, Jr. Collection Part V

Extremely Important Engraved Date Series of 1897 Progressive Face Essay Proof Likely Unique in Private Hands

5036 1897. $5. Silver Certificate. Face Progressive Essay Proof. Choice Uncirculated 64. Diagnostics: Black on India paper, mounted on original wide Some petty card foxing and small wisp at the bottom of the globe margined card. The modified Shirlaw face plate. Central vignette, vignette. Very impressive. The final member of an illustrious quar- Electricity Presenting Light to the World. A progressive die proof tet of 1897 series Five Dollar Educational essay proofs. Very worthy closely resembling the previous example, though without the se- of remaining as a set within the next collection they join. rial numbers and treasury seal. Careful examination reveals minor Provenance: Purchased from Mrs. Louise Entriken, December 16, design changes such as the addition of the Series of 1897 designa- 1971. Formerly in the collection of Robert F. Schermerhorn. tion in the upper left field area, positioned below UN of UNITED, and more extensive background shading around the borders. Un- Harry W. Bass, Jr. Commentary: Inventory number 15645-i. Bass published in Hessler. Likely Unique in Private hands. We know of Sylloge 5048. no other example such as this. A superb wide margined card proof. Est. $10,000-$15,000

Page 32 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Annotated Production Photograph for Proposed 1896 Ten Dollar Educational Plated in Hessler

5037 Undated. $10. Silver Certificate. Sepia Photograph of ashW Drawing for Proposed 1896 Series Note. PMG Encapsulated. Diagnostics: Sepia photograph, reduced to banknote size, cre- a photograph of it after selling this to Mr. Schermerhorn. The only ated from larger wash drawing, on wide margined Bristol board “1896 Educational Ten Dollars” in private hands we believe. card. Image of a proposed essay design from original art. Central Provenance: Purchased from Mrs. Louise Entriken, December 16, vignette, Agriculture and Forestry as designed by Walter Shirlaw, 1971. Formerly in the collection of Robert F. Schermerhorn. which features these two allegorical figures standing, facing, and in a half embrace. Two unidentified figures are seated at the left Narrative: While beautiful and superbly executed, it is quite clear and right of the standing central figures. Beyond the central vi- why this design was not utilized. The complexity of the design al- gnette on each side is a large numerical denomination marker in lows essentially no space for the treasury seal or serial numbers. an ornamental circular frame. On the card’s lower margin is the However, it should be noted that the denomination markers are handwritten note, “Engraved by Chas. Schlecht-but a change in quite bold, as opposed to the ones and fives of the issue which administration led to adoption of a new act of designs, by Lyman attracted numerous complaints. Regarding the proposed back de- Gage, Secty Treasy. Walter Shirlaw - designer This group was uti- sign, this is not known to exist, but it is recorded that Thomas F. lized on the new series of govt. bonds. circa 1899.” Hessler SCE21. Morris did some of the design work. Plated in the Hessler Second edition, page 115. The upper left cor- Harry W. Bass, Jr. Commentary: Inventory number 90002. Bass ner tip has a bald patch that matches. As a production piece, likely Sylloge 5049. unique and the only example encountered by us. Gene Hessler Est. $500-$1000 was supplied the image in his book by the Friedbergs who saved

Bid online at www.stacksbowers.com Page 33 The Harry W. Bass, Jr. Collection Part V

Choice Die Proof Central Vignette for the Proposed 1897 Ten Dollar Educational Notes

5038 (1897). $10. Silver Certificate. Central Vignette Essay Proof. PMG Choice Uncirculated 64. Signatures: Black on India paper, mounted on original wide mar- Provenance: From R.M. Smythe’s Memphis International Sale, gined card. Early progressive die proof of the central vignette, Ag- June 1990, Lot 3247. Formerly Dr. Glenn Jackson Collection. riculture and Forestry, as redesigned and intended for the 1897 Narrative: This early proof bears the central figures for the vi- $10 Silver Certificate. Similar to the composition as submitted for gnette proposed for the $10 note. However, when compared to the Series of 1896, though the central vignette is styled somewhat the HBCC-5049, it is clear that additional clothing has been added differently, among other minor changes. This central vignette is to the figures. also used on $1000 3% coupon bonds of 1898. Partially complete, lacking some drapery details and leg of Forestry. Hessler SCE23FD. Harry W. Bass, Jr. Commentary: Inventory number 163-CURR. High Rarity-6. A superb impression of this important vignette essay Bass Sylloge 5050. proof. We have handled a few, but this might be the finest. Bright Est. $1000-$1500 white India paper and very well printed.

Page 34 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Important Proposed Series of 1897 Educational Ten Dollar Face Essay Proof The Hessler Plate Note

5039 1897. $10. Silver Certificate. Face Essay Proof. Choice Uncirculated 64. Diagnostics: Black on India paper, mounted on original wide mar- Provenance: From R.M. Smythe’s Memphis International Sale, gined card. Signatures of Tillman-Morgan. No plate letter. Central June 1990, Lot 3246. Formerly Dr. Glenn Jackson Collection. vignette, Agriculture and Forestry. Similar to the composition as Narrative: Another example exists of this design, though miss- submitted for the Series of 1896, though the central vignette is ing the series markers found on this specimen and the one to fol- styled somewhat differently, among other minor changes. This low. It is catalogued by Hessler as for the 1896 issue. This present central vignette is also used on $1000 3% coupon bonds of 1898. specimen is plated in Hessler, and bears the same central figures Superbly styled border flourishes throughout. End counters in as found on HBCC-5050. When this proof is compared to HBCC- character with original art piece created for proposed 1896 notes. 5049, it is clear that the border design around the central figures is Without imprint of the BEP line present. Hessler SCE24. The Plate significantly different. The proposed back design for this issue ap- Note. High Rarity-6. A choice example on card with some very mi- pears to have been completed and accepted, based on an October nor card tone noted. We believe there might be five or six at best 8, 1896 note from Thomas Morris, which is believed to reference located in private collections. With the exception of this sale, they it, “I am still very busy at the Bureau, although I am happy to say have rarely been offerred publicly. This was obtained back in 1990 that the $10 back was accepted and off my mind.” However, this at the Jackson proof sale. Obviously, the Friedbergs did not have design is not known to exist today. one to sell Schermerhorn over fifty years ago. Last year, a newly discovered impression on India paper and mounted to a wide mar- Harry W. Bass, Jr. Commentary: Inventory number 164-CURR. gin page realized $32,200.00 in our Philadelphia Americana sale. Bass Sylloge 5051. Est. $20,000-$30,000

Bid online at www.stacksbowers.com Page 35 The Harry W. Bass, Jr. Collection Part V

A Second 1897 Proposed Ten Dollar Educational Face Essay Proof A Bold India Paper Impression

5040 1897. $10. Silver Certificate. Face Essay Proof. PMG Choice Uncirculated 64. Diagnostics: Black on India paper only. Signatures of Tillman- Provenance: From William P. Donlon’s sale of November 15, Morgan. No plate letter. Proposed essay face for the 1897 Edu- 1974, Lot 933, purchased through Dennis Forgue. Formerly from cational notes. Central vignette, Agriculture and Forestry. Ornate the estate of Thomas F. Morris. border flourishes. Complete die proof. No BEP imprint line. Hes- Harry W. Bass, Jr. Commentary: Inventory number 17452. Bass sler SCE24FD. High Rarity-6. An amazing second example from Sylloge 5052. the Bass Collection. The inks appear darker, but the India paper is not on a card and this may be an optical effect due to that fact. A Est. $15,000-$25,000 bold impression. Margins trimmed down to an eighth of an inch.

Page 36 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Issued Notes of the Educational Series

Vibrant and Gem Fr. 224 Educational One Dollar Issued Note

5041 Fr. 224. 1896 $1 Silver Certificate. PMG Gem Uncirculated 66 EPQ. Diagnostics: Signatures of Tillman-Morgan. Serial Number: Physical Description: An exceptional issued note of the type. Bold 9394022. Plate Position: B. Type: Small red seal with rays. The com- and fresh. Nicely margined and well centered on both sides, with pleted, face issued design by Will H. Low, as engraved by Charles excellent original color. Schlecht. The central vignette, History Instructing Youth, features a Provenance: Purchased from Mrs. Louise Entriken, December 16, female allegory of History seated with her right arm around a male 1971. Formerly in the collection of Robert F. Schermerhorn. youth. She points into the distance where a scene of Washington D.C. is visible. The U.S. Capitol and the Washington Monument are Narrative: These regular issue banknotes were printed in sheets of clearly discernable. At the right is a representation of the United four, as found in HBCC-5055. Each note in a printed sheet bears States Constitution. Around the left, right, and top borders are 23 a unique plate position letter, indicating which position within the small wreaths, each enclosing the name of a famous American. sheet the note is from. On the Educationals this is not particularly Those honored, clockwise, include Longfellow, Sherman, Lincoln, significant, as each note also bears a unique serial number. How- Irving, Cooper, Fulton, Calhoun, Clay, Jackson, Adams, Jefferson, ever, there are other banknotes in the federal series which when Washington, Franklin, Hamilton, Perry, Marshall, Webster, Morse, printed in sheets of four, all four notes bear the same serial num- Hawthorne, Bancroft, Grant, Farragut, and Emerson. Each cor- ber. In these cases it important for purposes of census information ner bears a uniquely stylized denomination marker. It is likely this to record the plate position letter as it is key to identification of a design which prompted the term “educational” for this series of specific note. The signatures are those of James F. Tillman, Regis- notes. The completed, back issued design by Thomas F. Morris ter of the Treasury, and Daniel N. Morgan, Treasurer of the United featuring engravings of Martha and George Washington centrally States. The combined tenure of these officials lasted from July 1, positioned on either side of a large, ornate denomination marker. 1893 to June 30, 1897, and this signature combination is one of Each is in an oval frame with a dark background. Wide design bor- three found on this series of banknotes. Over 57 million $1 notes ders are filled with ornamental lathework. The portrait of Martha were printed, ranking this denomination as the most plentiful of Washington was engraved by Charles Burt in 1878, after the paint- the Educational notes. ing by Charles Wilson Peale, while that of George Washington was Harry W. Bass, Jr. Commentary: Inventory number 16273-113. engraved by Alfred Sealey in 1867, after Gilbert Stuart’s portrait. Bass Sylloge 5004. Est. $3000-$5000

Bid online at www.stacksbowers.com Page 37 The Harry W. Bass, Jr. Collection Part V

Deeply Inked Tillman - Morgan Signed One Dollar Educational

5042 Fr. 224. 1896 $1 Silver Certificates. PMG Choice About Uncirculated 58. Diagnostics: Signatures of Tillman-Morgan. Serial Number: Provenance: Purchased from Mrs. Louise Entriken, December 16, 24347716. Plate Position: D. Type: Small red seal with rays. Cen- 1971. Formerly in the collection of Robert F. Schermerhorn. tral vignette, History Instructing Youth, as issued. Back design with Harry W. Bass, Jr. Commentary: Inventory number 16273-112. Portrait vignettes of Martha Washington at left, and George Wash- Bass Sylloge 5005. ington at right, as issued. Est. $1250-$1750 Physical Description: Nicely margined and well centered on both sides, with excellent original color, particularly the deeply inked green back.

Page 38 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Pack Fresh and Fully Original Fr. 225 Bruce - Roberts Combination One Dollar Educational Note

5043 Fr. 225. 1896 $1 Silver Certificates. PMG Choice Uncirculated 64 EPQ. Diagnostics: Signatures of Bruce-Roberts. Serial Number: 1897 to March 17, 1898. This is the second of three signature 38681361. Plate Position: A. Type: Small red seal with rays. Cen- combinations found on the Educational notes. Blanche K. Bruce tral vignette, History Instructing Youth, as issued. Back design with probably came from on of the most unusual backgrounds of any Portrait vignettes of Martha Washington at left, and George Wash- person ever to hold the office of Register of the Treasury. He was ington at right, as issued. born in Virginia in 1841, and raised as a slave. His early education Physical Description: Nicely margined and well centered on both came illegally from tutoring administered by his owner’s son. He sides, with excellent original color. The face of this particular ex- served as a teacher, planter, tax collector, and sheriff prior to being ample is exceptionally bold. elected to the Senate. Bruce served two terms as Register of the Treasury, from 1881 to 1885, and again from December 1897 until Provenance: Purchased from Mrs. Louise Entriken, December 16, his death on March 17, 1898. 1971. Formerly in the collection of Robert F. Schermerhorn. Harry W. Bass, Jr. Commentary: Inventory number 16273-114. Narrative: The signatures are those of Blanche K. Bruce, Register Bass Sylloge 5006. of the Treasury, and Ellis H. Roberts, Treasurer of the United States. The combined tenure of these officials lasted from December 3, Est. $2000-$3000

Bid online at www.stacksbowers.com Page 39 The Harry W. Bass, Jr. Collection Part V

Very Bold PMG Choice Uncirculated 64 EPQ Fr. 225 Educational Note

5044 Fr. 225. 1896 $1 Silver Certificates. PMG Choice Uncirculated 64 EPQ. Diagnostics: Signatures of Bruce-Roberts. Serial Number: Provenance: From Lester Merkin’s sale of October 1972, Lot 218. 48610553. Plate Position: A. Type: Small red seal with rays. Cen- Harry W. Bass, Jr. Commentary: Inventory number 16489. Bass tral vignette, History Instructing Youth, as issued. Back design with Sylloge 5007. portrait vignettes of Martha Washington at left, and George Wash- ington at right, as issued. A second example of Fr.225. Est. $2000-$3000 Physical Description: Well margined and centered on both sides, with excellent original color. The back is an unusually rich, dark green, offering striking aesthetic appeal. A very bold example.

Page 40 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Sharply Printed and Vibrant Fr. 225 One Dollar Educational

5045 Fr. 225. 1896 $1 Silver Certificates. PMG About Uncirculated 55 EPQ. Diagnostics: Signatures of Bruce-Roberts. Serial Number: Provenance: Purchased from Mrs. Louise Entriken, December 16, 51688493. Plate Position: A. Type: Small red seal with rays. Central 1971. Formerly in the collection of Robert F. Schermerhorn. vignette, History Instructing Youth, as issued. Back Design. Portrait Harry W. Bass, Jr. Commentary: Inventory number 16273-116. vignettes of Martha Washington at left, and George Washington Bass Sylloge 5008. at right, as issued. A third Fr.225 issued note from the Bass Col- lection. Est. $1500-$2000 Physical Description: Like the majority of these Bass Collection issued notes, well margined and centered on both sides, with excellent original color. The minimal handling seen with scrutiny.

Bid online at www.stacksbowers.com Page 41 The Harry W. Bass, Jr. Collection Part V

Desired Choice Uncirculated Three Digit Serial Number ‘256’ Educational Two Dollars

5046 Fr. 247. 1896 $2 Silver Certificates. PMG Choice Uncirculated 64 EPQ. Diagnostics: Signatures of Tillman-Morgan. Serial Number: 256. pear prominently to the left and right of the portraits, and be- Plate Position: D. Type: Small red seal with rays. The completed, tween them at the upper center. In addition, numeric denomina- issued design by Edwin H. Blashfield, who is responsible for the tion markers are found at the four corners. central vignette, and Thomas F. Morris who designed the frame Physical Description: A deep impression with pack fresh original and background. The engraving is by Charles Schlecht and G.F.C. embossing and lovely technical quality throughout. A desired three Smillie. The central vignette, Science Presenting Steam and Electric- digit serial number note. ity to Commerce and Manufacture, features five allegorical figures. A dominant central female, Science, presents two youths repre- Provenance: Purchased from Mrs. Louise Entriken, December 16, senting Steam and Electricity to female figures at left and right, 1971. Formerly in the collection of Robert F. Schermerhorn. representing Commerce and Manufacture. The denomination is Narrative: Records indicate that 9,200,000 of these notes were spelled out to the left and right of the central group, in each case printed, making this particular signature combination of the $2 a numerical representation appears just below. The numbers also note the second lowest production note in the Educational series. appear at the four corners. Back design with portrait vignettes of As a denomination, the $2 is the scarcest with just over 20 million Robert Fulton at left, and Samuel F.B. Morse at right are engraved notes produced. by Lorenzo J. Hatch, while the remainder of the composition was Harry W. Bass, Jr. Commentary: Inventory number 16273-141. designed by Thomas F. Morris. The portraits, each in an oval frame, Bass Sylloge 5021. are central focal points. Ornamental lathework fills most of the Est. $5000-$7000 remaining space, though large stylized denomination markers ap-

Page 42 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Well Margined Tillman - Morgan Fr. 247 Educational Two Dollar Note

5047 Fr. 247. 1896 $2 Silver Certificates. PMG Choice Extremely Fine 45 EPQ. Diagnostics: Signatures Tillman-Morgan. Serial Number: 153841. Provenance: Purchased from Mrs. Louise Entriken, December 16, Plate Position: A. Type: Small red seal with rays. Central vignette, 1971. Formerly in the collection of Robert F. Schermerhorn. Science Presenting Steam and Electricity to Commerce and Manu- Harry W. Bass, Jr. Commentary: Inventory number 16273-142. facture, as issued. Back design with portrait vignettes of Robert Bass Sylloge 5020. Fulton at left, and Samuel F.B. Morse at right, as issued. A second Fr.247 note. Est. $3000-$4000 Physical Description: Nicely margined and well centered on both sides, with excellent original color.

Bid online at www.stacksbowers.com Page 43 The Harry W. Bass, Jr. Collection Part V

Striking PMG Gem Uncirculated 66 EPQ Bruce - Roberts Educational Two Dollars An Outstanding Example

5048 Fr. 248. 1896 $2 Silver Certificates. PMG Gem Uncirculated 66 EPQ. Diagnostics: Signatures of Bruce-Roberts. Serial Number: Narrative: High end, strictly Gem banknotes such as this piece 14474206. Plate Position: B. Type: Small red seal with rays. Central always captivate collectors with the better centering creating a pic- vignette, Science Presenting Steam and Electricity to Commerce ture frame like look. and Manufacture, as issued. Back design with portrait vignettes Provenance: Purchased from Mrs. Louise Entriken, December 16, of Robert Fulton at left, and Samuel F.B. Morse at right, as issued. 1971. Formerly in the collection of Robert F. Schermerhorn. Physical Description: Superbly margined and centered on both Harry W. Bass, Jr. Commentary: Inventory number 16273-146. sides, with excellent original color. Very striking all around with Bass Sylloge 5022. especially vibrant inking. Borders on magnificent. Est. $7000-$9000

Page 44 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Deeply Embossed and Boldly Original Fr. 248 Educational Two Dollars

5049 Fr. 248. 1896 $2 Silver Certificates. PMG Choice Uncirculated 64 EPQ. Diagnostics: Signatures of Bruce-Roberts. Serial Number: Provenance: Purchased from Mrs. Louise Entriken, December 16, 20078078. Plate Position: B. Type: Small red seal with rays. Central 1971. Formerly in the collection of Robert F. Schermerhorn. vignette, Science Presenting Steam and Electricity to Commerce Narrative: Pack fresh banknotes like this piece are always trea- and Manufacture, as issued. Back design with portrait vignettes sured items as the appear with an original sheen and deeply em- of Robert Fulton at left, and Samuel F.B. Morse at right, as issued. bossed overprints. Modern collecting trends strongly favor such Physical Description: Another fresh and orignal Bass Collection items. issued note. Well margined and centered on both sides, with ex- Harry W. Bass, Jr. Commentary: Inventory number 16273-143. cellent original color. The back is shifted slightly high. Deeply em- Bass Sylloge 5023. bossed serial and seal overprints. Est. $4000-$6000

Bid online at www.stacksbowers.com Page 45 The Harry W. Bass, Jr. Collection Part V

Powerful PMG Gem Uncirculated 65 EPQ “Electricity Presenting Light to the World” Educational Five A Superb Example

5050 Fr. 268. 1896 $5 Silver Certificates. PMG Gem Uncirculated 65 EPQ. Diagnostics: Signatures of Tillman-Morgan. Serial Number: sler notes that the face of Victory is “...said to greatly resemble 12794793. Plate Position: A. Type: Small red seal with rays. The the wife of Thomas F. Morris.” The wide top and bottom borders completed, issued design by Walter Shirlaw, with border designs feature beautifully executed ornamental lathework. by Thomas F. Morris. The prominent central vignette is titled Elec- Physical Description: Broadly margined and well centered with tricity Presenting Light to the World. Electricity with angelic wings, excellent original color. A superb example of this magnificently ex- flowing drapery, and semi-nude torso advances forward holding ecuted type. the incandescent light bulb high in her right hand. To the left is Jupiter, the Roman deity associated with light, victory, and stabil- Provenance: Purchased from Mrs. Louise Entriken, December 16, ity. In the foreground, before Electricity, Fame proclaims progress. 1971. Formerly in the collection of Robert F. Schermerhorn. To the right is Peace, releasing a dove into flight above her head. Narrative: The combined printing figures for the three signature The dome of the U.S. Capitol is visible in the background. The combinations found on the $5 denomination total nearly 35 mil- engraving is by G.F.C. Smillie, with some finer details added by lion notes. The Tillman-Morgan signature combination as found George U. Rose, Jr., R. Ponickau, Edward M. Hall, L.F. Ellis, S.B. here, was printed in the largest quantity, numbering over 15 mil- Many, D.S. Ronaldson, J. Kennedy, and E.E. Myers. Back design lion notes. by Lorenzo J. Hatch and Thomas F. Morris, as engraved by G.F.C. Harry W. Bass, Jr. Commentary: Inventory number 16273-154. Smillie. The portrait vignettes of Ulysses S. Grant and Philip Sheri- Bass Sylloge 5040. dan are positioned at the left and right ends, respectively. At the Est. $12,500-$17,500 center a “V” in an ornamental shield marks the denomination. Above, the winged head of Nike or Victory is at center. Gene Hes-

Page 46 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Sharply Printed 1896 Five Dollar Educational

5051 Fr. 268. 1896 $5 Silver Certificates. PMG Choice Uncirculated 64. Diagnostics: Signatures of Tillman-Morgan. Serial Number: Provenance: Purchased from Mrs. Louise Entriken, December 16, 3447108. Plate Position: D. Type: Small red seal with rays. Central 1971. Formerly in the collection of Robert F. Schermerhorn. vignette, Electricity Presenting Light to the World, as issued. Back Harry W. Bass, Jr. Commentary: Inventory number 16273-153. design with portrait vignettes of Ulysses S. Grant at left, and Philip Bass Sylloge 5041. Sheridan at right. Winged head of Nike or Victory at center, as issued. A second Fr.268 issued note. Est. $6000-$8000 Physical Description: Nicely margined and well centered on both sides, with excellent original color. Deeply embossed treasury seal and serial numbers. Small paper pull on top right border of verso.

Bid online at www.stacksbowers.com Page 47 The Harry W. Bass, Jr. Collection Part V

Nearly Gem Bruce - Roberts Signed Educational Five

5052 Fr. 269. 1896 $5 Silver Certificates. PMG Choice Uncirculated 64 EPQ. Diagnostics: Signatures of Bruce-Roberts. Serial Number: Provenance: Purchased from Mrs. Louise Entriken, December 16, 18193739. Plate Position: C. Type: Small red seal with rays. Central 1971. Formerly in the collection of Robert F. Schermerhorn. vignette, Electricity Presenting Light to the World, as issued. Back Harry W. Bass, Jr. Commentary: Inventory number 16273-156. design with portrait vignettes of Ulysses S. Grant at left, and Philip Bass Sylloge 5042. Sheridan at right. Winged head of Nike or Victory at center, as issued. Est. $7000-$10,000 Physical Description: Perfectly original with striking detail of the impression and well embossed overprints. The top margin slightly narrow, otherwise on the cusp of Gem.

Page 48 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Well Detailed and Highly Appealing Fr. 269 Educational Five Dollars

5053 Fr. 269. 1896 $5 Silver Certificates. PMG Choice Uncirculated 64. Diagnostics: Signatures of Bruce-Roberts. Serial Number: Provenance: Purchased from Mrs. Louise Entriken, December 16, 18193787. Plate Position: C. Type: Small red seal with rays. Central 1971. Formerly in the collection of Robert F. Schermerhorn. vignette, Electricity Presenting Light to the World, as issued. Back Harry W. Bass, Jr. Commentary: Inventory number 16273-155. design with Portrait vignettes of Ulysses S. Grant at left, and Philip Bass Sylloge 5043. Sheridan at right. Winged head of Nike or Victory at center, as issued. A second Fr.269 issued note. Est. $6000-$8000 Physical Description: A deeply inked note which has pleasing margins and wonderfully original paper. A pair of pinholes likely prevented a higher assesment and are mentioned in the comments section of the PMG holder.

Bid online at www.stacksbowers.com Page 49 The Harry W. Bass, Jr. Collection Part V

Attractive and Scarcer Fr. 270 Five Dollar Educational Note

5054 Fr. 270. 1896 $5 Silver Certificates. PMG Very Fine 30 EPQ. Diagnostics: Signatures of Lyons-Roberts. Serial Number: Provenance: Purchased from Mrs. Louise Entriken, December 16, 31875974. Plate Position: B. Type: Small red seal with rays. Central 1971. Formerly in the collection of Robert F. Schermerhorn. vignette, Electricity Presenting Light to the World, as issued. Back Narrative: The Lyons - Roberts signature combination is quite design with portrait vignettes of Ulysses S. Grant at left, and Philip scarcer than the earlier two varities and especially so in higher Sheridan at right. Winged head of Nike or Victory at center, as grades. issued. Harry W. Bass, Jr. Commentary: Inventory number 16273-157. Physical Description: Quite appealing for the technical grade Bass Sylloge 5044. with fully original paper and even circulation. Faces up as a higher grade note with the folds seen from the verso. Est. $3000-$5000

Page 50 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Monumental Bound Set of the Three Initial Serial Numbered Educational Series Uncut Sheets Obtained at the Time of Issuance and with an Illustrious Pedigree

5055 1896. Silver Certificates. Bound Presentation Set of the First Educational Uncut Sheets. $1, $2, and $5. Fr-224, 247, and 268. PMG Photo Proof Certificates. Diagnostics: Bound book titled in gilt, UNITED STATES PROOF three bank note sheets contains four subjects of the represented BANK NOTES ISSUED 1896 on the face. Tall folio. 20.5cm by denomination, with serial numbers 1 to 4. The book covers exhibit 34.5cm. Covers with Art Nouveau pattern in silk of fine style. some roughness at the edges from years of handling, but remain Bound in are the first serial numbered sheets printed of the Edu- intact. Internally fresh and bright. Inside front cover with pair of cational Series Silver Certificates of 1896, along with a typewritten small pastedowns for Ex Libris Robert Hoe. The 3 page bound-in three page letter of description and presentation by Claude M. letter explains much about this unique item, and its complete con- Johnson, the Director of the Bureau of Engraving and Printing at tent reads as follows on Page 52: the time the notes were developed and finally issued. Each of the

Bid online at www.stacksbowers.com Page 51 The Harry W. Bass, Jr. Collection Part V

Bedford Court Mansions, London, W. C. 26th. September, 1903. Robert Hoe, Esq., 504 Grand Street, NEW YORK.

Dear Sir, I herewith enclose the sheets of Bank Notes which you saw before your departure. The Treasury Department have always favoured the issue of Bank Notes from a purely practical standpoint, and have disregarded artistic requirements in the adoption of designs except in the issue of silver certificates of 1896. There were but three denominations of this issue ever placed in circulation, viz. the 1$, 2$ and 5$ Notes, and the designs were produced respectively by Will H. Low; Edwin Blashfield, and Walter Shirlaw. These designs were drawn and painted in proper Bank Note proportions, but about eight times Bank Note size, and reduced by photography to enable the Engravers to make proper transfers to the dies. The 1$ Note was engraved by Charles Schlecht, and the 2$ and 5$ Notes by G. F. C. Smillie. The 1$ Note is entitled “History instructing Youth”, and includes two figures: Columbia with the Stars and Stripes draped over Her pointing out to the Youth at her side the first pages of the Constitution engraved upon the book. In the background across the Potomac is represented a bird’s eye view of the City of Washington, showing distinctly the Washington Monument and Capitol. Around the border are the names of many illustrious men surrounded by laurel leaves. The 2$ Note includes five figures, and represents Science presenting steam and electricity to Commerce and Manufacture. In the centre of the 5$ Note a central figure is shown standing upon a globe with America traced thereon, with an arm uplifted with electric light, indicative of Progress and extension of her resources throughout the world. The figure on the left represents heralding to the World the grandeur of the Nation, while the one on the right with the dove and scroll is indicative of Peace and Plenty. The figure and chariot in the rear are intended to represent Force and Power. I was Director of the Bureau of Engraving and Printing at the time these notes were produced, and with the consent of the Secretary of the Treasury, purchased the accompanying sheets uncut from the Treasurer of the United States, and they are the first Notes of this series issued, being Nos. 1, 2, 3 and 4 of each denomination. Having no Library of my own, I have to thank you for kindly placing these three sheets among your valuable collection of books where they will be appreciated, as specimens of truly artistic Bank Notes, and as the first numbers of a complete money issue by the United States Government.

Yours Faithfully, Claude M. Johnson

Page 52 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

Engraving Notes and Comments: The three initial sheets of the the book with glue and held securely. This displays very well in this regular issue banknotes from the Series of 1896. Each sheet’s notes manner and was professionally done in the period. There is no glue with signatures of Tillman-Morgan. Plate positons A, B, C, and D. Se- damage or aging seen at the tipped in portions, all are bright and rial Numbers: 1-4. Small red seal with rays. Face designs of the issued fresh. $1, $2, and $5 silver certificates as described previously. Back designs, Physical Description: Internally, quite exceptional. Very fresh and in green, of the issued $1, $2, and $5 silver certificates as described well preserved. The condition of the three serial 1-4 sheets should previously. Each uncut sheet with full selvege on all four sides. Plate each be classified as Choice About Uncirculated. Some light horizon- numbers visible on bottom margin. Each of the three sheets have their tal bends, mostly through the wide gutters between notes are seen left edge wide margin, far from the engraved printed line, tipped into with scrutiny. and petty handling long ago are present. The colors and

Bid online at www.stacksbowers.com Page 53 The Harry W. Bass, Jr. Collection Part V

printing on both sides is exceptionally vibrant and inspiring to the eye. vention for $25,000.00. Possibly earlier from an Anderson Auction The Five Dollars sheet has just a small piece chipped off the bottom Company sale, 1912. margin, far away from the bottom position note. These are not only Narrative: This was undoubtedly considered by Harry Bass one of the the initial Educational Series sheets, but they are the only Educational highlights of his currency collection. While the archives of the Bureau sheets. This bound presentation set of sheets has been carefully cared of Engraving and Printing probably contain many unusual specimens, for nearly 12 decades. die proofs, essays, and other oddities, such unusual items rarely are Provenance: Purchased from Mrs. Louise Entriken December 16, available to collectors. This particular item falls into an even more in- 1971. Formerly in the collection of Robert F. Schermerhorn. Obtained triguing category, as the banknotes within were produced for regular privately from Robert Friedberg in 1957 at the Philadlphia ANA con- circulation, though Claude M. Johnson had the forethought to pur-

Page 54 Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection Part V Starts 8:00 PM CDT, August 17, 2011

chase these original sheets for himself, thus saving them for posterity. Harry W. Bass, Jr. Commentary: Inventory number 16273. Bass From the content of Johnson’s letter that is bound into the book, it Sylloge 5055. is clear that he understood very well the significance of the pieces Est. $1,000,000-and Up he owned. Bound into a book with the his letter, the sheets become much more than the first of the Educationals, they are a monument to the history, designs, and developmental process that created them. Easily one of the most mesmerizing American paper currency items to ever appear for public auction sale. The illustrious provenance and pedigree club will have a new member this evening at the fall of the hammer.

Bid online at www.stacksbowers.com Page 55 Appendix A: Designers and Engravers of the Educational Series Edwin H. Blashfield Arthur Flemens Edwin H. Blashfield, artist and designer, was born in New York Arthur Flemens was an artist who is known to have submitted City on December 15, 1848. His schooling included attendance a design for the Silver Certificates of 1896. However, his unsuc- at the Boston Latin School, and in 1865 he entered Massachu- cessful design is not known to exist, and his further biography is setts Institute of Technology, where he was one of the first 16 unknown. students to attend the prestigious institution. Shortly thereafter, he traveled to Paris to study painting. Among his more notewor- Edward M. Hall thy works are the decorations that graced the Manufacturers and Edward M. Hall began his long career with the Bureau of the Liberal Arts Buildings at the World’s Columbian Exposition. Engraving and Printing on January 2, 1879. While beginning in Blashfield was actually one of a team of muralists who worked his service as a helper, just six months into his employment he on the exposition buildings. In 1912 President William Howard was made an apprentice letter engraver. It was in this capacity Taft appointed him to the National Commission of Fine Arts. In he worked for the Bureau until he died on December 23, 1939, 1934 he was the recipient of the National Academy of Design at the end of his 61st year with the Bureau of Engraving and medal. Blashfield also held the Presidency of both the Federation Printing. Hall died at age 77, and had received a highly unusual of Fine Arts and the Society of American Artists. He died at Cape Presidential exemption from compulsory retirement from Govern- Cod, Massachusetts in 1936. ment at age 70.

Charles Burt Lorenzo J. Hatch Charles Burt was a portrait and picture engraver who came to Lorenzo J. Hatch was born in New England in 1856. He was the United States from Edinburgh, Scotland in 1842. In Scotland, apprenticed to a jeweler in Salem, New York at the age of 14. he had studied engraving since the age of 12, and in the United Shortly thereafter, he completed a copperplate engraving of States, he continued in this career under the direction of Alexan- the head of George Washington. This plate was brought to the der L. Dick who had also come from Scotland. As a numismatic attention of George McCartee, then the Chief of the Bureau of aside, Dick had studied in the U.S. under another engraver from Engraving and Printing who saw to it that Hatch became the Edinburgh, Scotland, Robert Scot. Scot is now famous as the first youngest apprentice at the BEP; he was 18 years old. His career Chief Engraver of the U.S. Mint. as a picture and portrait engraver continued with the BEP until his retirement in December 1887. Hatch worked after his retire- Burt engraved for a number of distinguished private firms ment at the Western Bank Note Company, and briefly with the including, Rawdon, Wright, Hatch & Edson, American Bank Note International Bank Note Company. In 1908, representatives of Company, British American Bank Note Company, John A. Lowell the Chinese government approached him with a proposal regard- & Company of Boston, Baldwin & Gleason, Homer Lee Bank ing the establishment of a Bureau of Engraving and Printing in Note Company, Western Bank Note Company, New York Bank Peking. Apparently he accepted their offer and traveled to China Note Company, International Bank Note Company, and Conti- where he died on March 9, 1914. nental Bank Note Company. He was never formally employed by the Bureau of Engraving and Printing, but did produce engrav- ames ennedy ings for them for 20 years. Burt was quite accomplished in the J K James Kennedy was an accomplished designer and letter field, having produced fine vignettes for many federal bank notes engraver, known for his expeditious work, who was born in as well as U.S. bonds, U.S. obsolete bank notes, postage stamps, Albany, New York in 1845, where he would began his career stock certificates, and currency of several foreign countries. In as an apprentice. He was employed by the American Bank Note addition to his engraving he served as president of the Graham Company from 1881 until Jan 1, 1892. His work with the Bureau Art School in Brooklyn, New York. Burt died in Brooklyn on March of Engraving and Printing commenced in December 1893, lasting 25, 1892. until 1899 at which time he returned to the American Bank Note Company and worked there until his retirement in 1927. Lyman F. Ellis Lyman F. Ellis was a letter engraver from Hackensack, New Jer- sey, whose employment with the Bureau of Engraving and Print- ing was rather sporadic, having taken resigned from his position three different times between 1894 and 1924. He is known to have also done engraving for Western Bank Note Company and American Bank Note Company.

56 Will H. Low Thomas F. Morris Will H. Low was born in Albany, New York on May 31, 1853. Thomas F. Morris, a native of New York City, was born on Still a teenager, and without formal training, he was engraving September 12, 1852. Being their only son, his parents felt that semi-professionally for publications such as Harper’s and Apple- he should pursue a career in Law, and in an effort to satisfy their ton’s. Clearly he possessed a natural talent for engraving, but he wishes Morris did spend some time in the law office of J. Warren did travel to Paris at the age of 20 for necessary training in the Lawton. This experience did not however win his interests-those field. His time in Paris was not entirely devoted to work, but also he pursued with the study of drawing. In 1869, at the age of 16, to social affairs which led to his marriage, and also to his making he entered the American Bank Note Company as an apprentice the acquaintance of British author Robert Louis Stevenson of under J.P. Major who led the departments of modeling and Treasure Island fame. design. After ten years he became the head of the department. Morris spent some time with the Homer Lee Bank Note Company Having returned to the United States, he expanded his artistic and later was appointed to the Bureau of Engraving and Print- horizons a bit, learning to work in stained glass under the direc- ing on November 1, 1893, where he remained until his untimely tion of American Artist, John La Farge. His engraving career re- death in 1898. mained of primary importance and one of his works earned him a medal at the Paris Exposition in 1889. Low designed the diplo- Morris also did work on several denominations of U.S. bonds, mas for the World’s Columbian Exposition, and also those for the and currency of nine different countries of Central America, South Louisiana Purchase Exposition in 1904. The diploma created for America, and Europe as well as other projects. presentation to foreign exhibitors at the Columbian Exposition is reproduced in Gene Hessler’s reference, The Engraver’s Line. The dward yers design is unmistakably that of Will H. Low. Charles Schlecht is E E. M Edward E. Myers was of humble beginnings, where his credited with the engraving. employment with the Bureau of Engraving and Printing was Low held memberships in the Society of American Artists, concerned. He began work as a paper wetter in 1881, though his National Academy of Design, National Society of Mural Painters, continuing studies in art eventually qualified him for the position National Institute of Arts and Letters, and the Salmagundi Club. of Engraver, which he took on July 1, 1888. His long career earn him the title of Superintendent of the Engraving Division in 1926, which position he held until his retirement in 1931. Seymour B. Many Seymour B. Many had a short career as a letter engraver with obert onickau the Bureau of Engraving and Printing, which began in 1894. R P Robert Ponickau came to the United States from Germany, Little else is known about him or his earlier accomplishments. He where he was born in 1846. His employment with the Bureau died on February 16, 1900, in Washington D.C. of Engraving and Printing as a picture and portrait engraver commenced in October, 1893. His work on the Silver Certificates eorge aynard G W. M of 1896 must have been one of his earlier assignments, though George W. Maynard studied art and design at the Royal Acad- perhaps his most memorable work is the impressive Eagle with emy of Fine Arts in Antwerp, and maintained a studio in Paris in Flag vignette featured on the back of the $1 Federal Reserve 1878. Born in Washington D.C. May 5, 1843, Maynard settled in Bank Notes of 1918. New York City after his European studies in 1885. He obtained a membership with the National Academy of Design in 1885, and harles tanley einhardt with the Salmagundi Club in 1886. On September 4, 1894 May- C S R Charles Stanley Reinhardt submitted designs for this $20 note, nard submitted a design, Civilization Enthroned and Crowned as well as for three other unidentified denominations intended supported by Discovery and Adventure, for the Silver Certificates for the Silver Certificates of 1896. None of these essays executed of 1896, though this design was not used and remains unknown by Reinhardt are known to exist. Reinhardt, born in Pittsburgh, in any collection. Maynard died in Washington D.C. on April 5, Pennsylvania in 1844, studied art in Paris and Munich. Previous 1923. to his work on the Educational notes, he had become a member of the Salmagundi Club in 1884. Later, he won awards for his work at the Pennsylvania Academy of Fine Arts, 1888, and at the Paris Exposition in 1889. He was also an associate at the National Academy of Design and a member of the American Watercolor Society. Reinhardt died in New York City in 1896.

57 Designers and Engravers of the Educational Series (cont.) Douglas S. Ronaldson Alfred Sealey Douglas S. Ronaldson was an ornamental and letter engraver Alfred Sealey was a portrait engraver, born in New York, who was born in England in 1825. By 1858, he was working as circa 1815. He is known to have been active in New York form an engraver, and he was employed by the American Bank Note 1838 to the 1850s. In 1860 he joined the American Bank Note Company in Philadelphia by the early 1860s. The largest part of Company after a brief affiliation with the firm of Sealey & Smith. his career was spent with the National Bank Note Company from The Bureau of Engraving and Printing never officially employed 1868 to 1897. He is noted to have joined the Bureau of Engrav- Sealey, but Spencer M. Clark, the first Superintendent of the BEP, ing and Printing in 1897, where he would be employed until his contracted him to engrave portraits. death in 1902, though he is credited with having done some Sealey is known to have done portraits for currency issues of finishing work on the die for the $5 Silver Certificate of 1896. Argentina, Sweden and Venezuela, as well as for postage stamps of New Brunswick and Newfoundland. George U. Rose, Jr. George U. Rose, Jr., began his apprenticeship at the Bureau of Engraving and Printing in July 1883, and would continue with Walter Shirlaw the Bureau through the end of his career. He was named En- Walter Shirlaw enjoyed a long and distinguished career as an graver on November 1, 1886. By 1913, Rose had passed the title artist, designer and engraver. Born in 1838 to American parents of Assistant Engraver and was named Chief Engraver on February in Paisley, Scotland, he came to America when his family returned 19 of that year. His retirement from the Bureau of Engraving and in 1841. Shirlaw was apprenticed to the firm of Rawdon, Wright, Printing came on d March 31, 1922. George Rose, Jr. was one of Hatch and Edson at the age of 12. The Western Bank Note a family of engravers. His father George U. Rose was employed Company employed him from 1865 until 1870 when he returned at the Bureau of Engraving and Printing from December 1874 to to Europe to engage in further study of painting. He had returned October 1915, and his brother Edwin G. Rose also engraved at once again to the United States by 1877. As with Will Low, the Bureau off and on from July 1, 1891 to August 31, 1924. Charles Schlecht, and Edwin Blashfield discussed above, Shirlaw’s artistic talents were commissioned for the Columbian Exposition, Charles Schlecht his contributions being the decoration of the Manufacturers and Charles Schlecht, born in Stuttgart, Germany in 1843, came Liberal Arts Buildings. Shirlaw left a great legacy for artists, hav- to the United States with his parents in 1852. He became a ing been involved in the foundation of the Chicago Institute of portrait and picture engraver, and began an apprenticeship with Art. His other associations and memberships include the Society the American Bank Note Company in1859. He also had further of American Artists, where he served as the first president, and professional instruction from Charles Burt, discussed below, and the National Academy of Design. He was also a founding mem- Alfred Jones, a well respected engraver from Liverpool, England ber of the Water-Color-Etching and Mural Painter’s Society and who had emigrated to the United States sometime before 1834. taught at the Art Students’ League. Shirlaw returned to Europe once again, and died in Spain in December, 1908. He worked intermittently with both the American Bank Note Company and the Western Bank Note Company in Chicago. In In addition to Electricity Presenting Light to the World, he August 1893, he was appointed to the Bureau of Engraving and was the engraver of Landing of Columbus, found on $5 National Printing in Washington D.C., where shortly after this appoint- Bank Notes of the First Charter Period, and the designer of Agri- ment, he engraved the U.S. Government diploma, designed by culture and Forestry, as proposed for the $10 Silver Certificate of Will Low, for the World’s Columbian Exposition. By 1900 he left 1896. This denomination was never issued as part of the Series the BEP, and engraved independently for a while before returning of 1896. to the American Bank Note Company. Schlecht died in New York City in 1932. In addition to his work on the 1896 Silver Certificates and the exposition diplomas, he executed engravings for several issues of United States Currency as well as those of several countries around the world.

58 George Frederick Cumming Smillie George Frederick Cumming Smillie was one of family of ac- Bureau of Engraving and Printing in 1894. He held the position complished engravers. Other distinguished engravers sharing this of Chief Engraver, from which he retired in 1922. family name include David J., James, James David, Walter, William Smillie was a very prolific engraver and the list of engravings Cumming, and William Main. G.F.C. Smillie was the nephew of attributed to his hand is quite extensive. Specifically, Smillie’s James, who came to Canada from Edinburgh, Scotland in 1821. personal diary documents hundreds of portraits and vignettes G.F.C. Smillie was a portrait and picture engraver who studied at that he completed during his career. The United States currency Cooper Union and the National Academy of Design in New York specialist, and even the novice for that matter, would recognize City. He undertook further study under Alfred Jones and his uncle many of Smillie’s fine engravings, at least one of which, that of James. During most of the 1870s and 1880’s he was employed at Alexander Hamilton, is still in use on current $10 Federal Reserve the American Bank Note Company. In April 1887, he joined the Notes. However, it should be pointed out that considering the Canada Bank Note Company, a short-lived enterprise established current efforts to modernize the federal currency, this vignette by William Cumming Smillie. After leaving the Canada Bank Note might not continue in use for much longer Company, he worked for both the Homer Lee Bank Note Com- pany and the Western Bank Note Company, before joining the

The Harry W. Bass, Jr. Part V Collection was catalogued by: Bruce Roland Hagen • John M. Pack Matthew W. Quinn • Q. David Bowers Peter Treglia

59 Bidding Increments

Pre-Bidding Bid Increments Bid Bid Increment $0.00 - $19.99 $1.00 $20.00 - $49.99 $2.00 $50.00 - $99.99 $5.00 $100.00 - $499.99 $10.00 $500.00 - $999.99 $25.00 $1,000.00 - $1,999.99 $50.00 $2,000.00 - $4,999.99 $100.00 $5,000.00 - $9,999.99 $250.00 $10,000.00 - $19,999.99 $500.00 $20,000.00 - $49,999.99 $1,000.00 $50,000.00 - $99,999.99 $2,000.00 $100,000.00 - $199,999.99 $5,000.00 $200,000.00 - and Up $10,000.00

Live Bidding Bid Increments Bid Bid Increment $0.00 - $19.99 $1.00 $20.00 - $49.99 $2.00 $50.00 - $99.99 $5.00 $100.00 - $199.99 $10.00 $200.00 - $499.99 $25.00 $500.00 - $999.99 $50.00 $1,000.00 - $1,999.99 $100.00 $2,000.00 - $4,999.99 $250.00 $5,000.00 - $9,999.99 $500.00 $10,000.00 - $19,999.99 $1,000.00 $20,000.00 - $49,999.99 $2,500.00 $50,000.00 - $99,999.99 $5,000.00 $100,000.00 - $199,999.99 $10,000.00 $200,000.00 - $499,999.99 $25,000.00 $500,000.00 - and Up $50,000.00

60 Terms & Conditions 1. Auction Basics. This is a public auction sale (“Auction Sale”) conduct- mined by the Auctioneer. A mail bid will take precedence over an identical floor ed by bonded auctioneers, Stack’s Bowers Galleries or Stack’s Bowers and bid; a Floor Bidder and Telephone Bidder must bid higher than the highest mail Ponterio(hereinafter referred to as “Auctioneer” and at times as “Stack’s Bow- bid to be awarded any lot. Bids will not be accepted from persons under eighteen ers”). Bidding in this Auction Sale constitutes acceptance by you (“Bidder”) of all (18) years of age without a parent’s written consent which acknowledges the the Terms of Sale stated herein. Bidders may include consignors who may bid and Terms of Sale herein and agrees to be bound thereby on behalf of the underage purchase lots in the Auction Sale consigned by the consignor or by other consign- Bidder. The auction sale is complete when the Auctioneer so announces by the fall ors pursuant to their consignment agreement with Stack’s Bowers (“Consignor” of the hammer or in any other customary manner. or “Consignors”). A Consignor that bids on their own lots in the Auction Sale may THIS IS NOT AN APPROVAL SALE. Bidders who physically attend the Auction sale, pay a different fee than the Buyer’s Premium charged to all other Buyers. Stack’s either personally or through an agent (“Floor Bidders”) should carefully examine Bowers reserves the right to include in any auction sale its own material as well all lots which they are interested in purchasing. Bidders who bid by telephone, as material from affiliated or related companies, principals, officers or employees. either personally or through an agent, receive a similar benefit as Floor Bidders in Stack’s Bowers may have direct or indirect interests in any of the lots in the auc- being able to actively participate in the live Auction Sale (“Telephone Bidders”). tion and may collect commissions. THE TWO PRECEEDING SENTENCES SHALL BE Except as otherwise expressly provided in these Terms of Sale, NO PURCHASED DEEMED A PART OF THE DESCRIPTION OF ALL LOTS CONTAINED IN THE CATA- ITEMS MAY BE RETURNED FOR ANY REASON. All prospective Bidders who exam- LOG. Where the Consignor has re-purchased a lot and the lot is either returned to ine the lot(s) prior to the Auction Sale personally assume all responsibility for any the Consignor or otherwise dealt with or disposed of in accordance with the Con- damage that Bidder causes to the lot(s). Stack’s Bowers shall have sole discretion signor’s direction, or pursuant to contractual agreement, Stack’s Bowers reserves in determining the value of the damage caused, which shall be promptly paid by the right to so note in the prices realized or to omit a price from the prices realized. such Bidder. Stack’s Bowers and its affiliates may bid for their own account at any auction. Stack’s Bowers and its affiliates may have information about any lot that is not STACK’S BOWERS IS NOT RESPONSIBLE FOR ANY ERRORS IN BIDDING. All Bid- known publicly, and Stack’s Bowers and its affiliates reserves the right to use such ders should make certain to bid on the correct lot and that the bid is the bid information, in a manner determined solely by them and for their benefit, without intended. Once the hammer has fallen and the Auctioneer has announced the disclosing such information in the catalog, catalog description or at the auction. Buyer, the Buyer is unconditionally bound to pay for the lot, even if the Buyer made Bidder acknowledges and agrees that Stack’s Bowers and its affiliates may not be a mistake. Stack’s Bowers reserves the right to withdraw any lot at any time, even required to pay a Buyer’s Premium, or other charges that other Bidders may be after the hammer has fallen, until the Buyer has taken physical possession of the required to pay and may have access to information concerning the lots that is lot. No participant in the Auction Sale shall have a right to claim any damages, not otherwise available to the public. Any claimed conflict of interest or claimed including consequential damages if a lot is withdrawn, even if the withdrawal competitive advantage resulting therefrom is expressly waived by all participants occurs after the Auction Sale. in the Auction Sale. Lots may carry a Reserve. A Reserve is a confidential price or bid below which the Auctioneer will not sell an item or will re-purchase on behalf 4. Bidder Registration Required. All persons seeking to bid must have a of the Consignor or for Stack’s Bowers. The Buyer is the Bidder who makes the catalog and register to bid at the auction by completing and signing a registration highest bid accepted by the Auctioneer, and includes the principal of any Bidder card or bid sheet. By submitting a bid, the Bidder acknowledges that Bidder has acting as an agent. read the Terms and Conditions of Auction Sale, the descriptions for the lot(s) on which they have bid, and that they agree to be bound by these Terms of Sale. This 2. Descriptions and Grading. Bidder acknowledges that grading of most coins agreement shall be deemed to have been made and entered in California. The in this Auction have been determined by independent grading services, and those Bidder acknowledges that the invoice describing a lot by number incorporates the that are not may be graded by Stack’s Bowers. Grading of rare coins is subjective catalog and Terms of Sale. and may differ among independent grading services and among numismatists, even though grading has a material effect on the value of the coins. Stack’s 5. Buyer’s Premiums. For U.S Coins and Currency Sales (auctioned by Bowers is not responsible for the grades assigned by independent grading ser- Stack’s Bowers Galleries), a Buyer’s Premium of fifteen percent (15%) vices, and makes no warranty or representation regarding such grades. Bidder on each individual lot will be added to all purchases made by Bidders, further acknowledges and agrees that grades assigned by Stack’s Bowers and lot except for reacquisitions by Consignors, regardless of affiliation with descriptions are based solely upon an examination of the coins and are intended any group or organization, and will be based upon the total amount to note any perceived characteristics. However, coin grading and descriptions of the final bid. are subjective. Stack’s Bowers does not warrant the accuracy of such grading or For World Coins and Currency Sales (auctioned by Stack’s Bowers and descriptions. All photographs in this catalog are of the actual items being sold but Ponterio), a Buyer’s Premium of eighteen percent (18%) on each indi- may not be the actual size or to scale. vidual lot will be added to all purchases made by Bidders, except for 3. The Bidding Process. The Auctioneer shall have the right to open or accept reacquisition’s by Consignors, regardless of affiliation with any group the bidding on any lot by placing a bid on behalf of the Consignor or his or her or organization, and will be based upon the total amount of the final agent, a Bidder by mail, telephone, internet or telefax; or any other participant in bid. However, if the purchaser pays for all invoiced lots in the sale in the Auction Sale. Bids must be for an entire lot and each lot constitutes a separate cash or by “cash equivalent” (“cash equivalent” is defined to include sale. No lot will be broken up unless otherwise permitted by the Auctioneer. Lots cashier’s check or money order, approved check, wire transfer or other will be sold in their numbered sequence unless Auctioneer directs otherwise. All immediate bank transfer), the Buyer’s Premium will be applied at a material shall be sold in separate lots to the highest Bidder as determined by the discounted rate of fifteen percent (15%). Auctioneer. Auctioneer shall have the right in its sole and absolute discretion to A reacquisition charge may apply to Consignors pursuant to a separate agree- accept or decline any bid, challenge any bid or bidding increment, to reduce any ment, which may be higher or lower than the Buyer’s Premium. Payment is due mail bid received, adjudicate all bidding disputes and to determine the prevailing immediately upon the fall of the auctioneer’s hammer. Payment is delinquent and bid. The Auctioneer shall have the right, but not the obligation, to rescind the ac- in default if not received in full, in good funds, within fourteen (14) calendar days ceptance of any bid and place the lot(s) for Auction Sale again. Auctioneer’s deci- of the Auction Sale (the “Default Date”), without exception, time being of the sion on all bidding disputes shall be binding and final. For the mail and internet essence. Unless otherwise agreed in writing prior to the Auction Sale, all auction Bidder’s protection, no “unlimited” or “buy” bids will be accepted. When identical sales are payable strictly in immediately available good U.S. funds, through a bank bids are received for a lot, preference is given to the first bid received as deter- 61 Terms & Conditions (cont.) in the United States. On any cash transaction or series of transactions exceeding reasonable manner, which may include a public or private sale, in a quantity suf- $10,000, Treasury Form 8300 will be filed. Contact Stack’s Bowers for wiring ficient in the opinion of Stack’s Bowers to satisfy the indebtedness, plus all accrued instructions before sending a wire. We accept payment by Visa, MasterCard, charges, and Stack’s Bowers may charge a seller’s commission that is commercially American Express or Discover for invoices up to $5,000. We regret we reasonable. More than one such sale may take place at the option of Stack’s cannot accept payment by credit card for invoices over $5,000 for U.S. Bowers. If Stack’s Bowers resells the lots, Buyer agrees to pay for the reasonable Coin and Currency purchases auctioned by Stack’s Bowers Galleries. cost of such sale, together with any incidental costs of sale, including reasonable Stack’s Bowers reserves the right not to release lots for which good funds have attorney’s fees and costs, cataloguing and any other reasonable charges. Notice not yet been received. On any past due accounts, Stack’s Bowers reserves the of the sale shall be by U.S.P.S. Certified Mail, Return Receipt Requested to the ad- right, without notice, to extend credit and impose carrying charges (as described dress utilized on the Bid Sheet, Auction Consignment and Security Agreement or below). Buyers agree to pay reasonable attorney’s fees and cost incurred to col- other last known address by Stack’s Bowers. The proceeds shall be applied first to lect past due accounts. Buyers personally and unconditionally guarantee payment the satisfaction of any damages occasioned by Buyer’s breach, then to any other in full of all amounts owed to Stack’s Bowers. Any person submitting bids on indebtedness owed to Stack’s Bowers, including without limitation, commissions, behalf of a corporation or other entity, by making such bid, agrees to be person- handling charges, carrying charges, the expenses of both sales, reasonable attor- ally liable for the payment of the purchase price and any related charges and the neys’ fees, costs, collection agency fees and costs and any other costs or expenses performance of all Buyer obligations under these Terms of Sale and Stack’s Bowers incurred. Buyer shall also be liable to Stack’s Bowers for any deficiency if the reserves the right to require a written guarantee of such payments and obliga- proceeds of such sale or sales are insufficient to cover such amounts. tions. Bidders who have not established credit with Stack’s Bowers must furnish satisfactory credit references and/or deposit at least twenty-five percent (25%) of Buyer grants to Stack’s Bowers, its affiliates and assignees, the right to offset any their total bids for that Auction Sale session(s) or such other amount as Stack’s sums due, or found to be due to Stack’s Bowers, and to make such offset from Bowers may, in its sole and absolute discretion require before any bids from such any past, current, or future consignment, or purchases that are in the possession Bidder will be accepted. Deposits submitted will be applied to purchases. Any or control of Stack’s Bowers; or from any sums due to Buyer by Stack’s Bowers, remaining deposits will be promptly refunded, upon clearance of funds. It is the its affiliates and assignees. In addition, defaulting Buyers will be deemed to have Buyer’s responsibility to contact Stack’s Bowers after the sale to make shipping granted to Stack’s Bowers, its affiliates and assignees, a security interest in: (x) the and packaging arrangements. Due to the fragile nature of some lots, Stack’s purchased lots and their proceeds, and (y) such sums or other items and their pro- Bowers may elect not to assume responsibility for shipping or packing, or may ceeds, in the possession of Stack’s Bowers, its affiliates or assignees, to secure all charge additional shipping and handling. Lots indicated as being “framed” are indebtedness due to Stack’s Bowers and its affiliated companies, plus all accrued shipped at Buyer’s risk. All taxes, postage, shipping, if applicable, handling, insur- expenses, carrying charges, attorney fees, and costs, until the indebtedness is paid ance costs, the Buyer’s Premium, and any other fees required by law to be charged in full. Buyer grants Stack’s Bowers the right to file a UCC-1 financing statement or collected will be added to the invoice for any lots invoiced to Buyer. All lots will for such items, and to assign such interest to any affiliated or related company or be shipped FOB Destination, freight prepaid and charged back. Title and risk of any third party deemed appropriate by Stack’s Bowers. If the auction invoice is not loss pass to the Buyer at the destination upon tender of delivery. Acceptance of paid for in full by the Default Date, a carrying charge of one-and-one-half percent delivery constitutes acceptance of the purchased lots. Inspection of the purchased (1-1/2%) per month may be imposed on the unpaid amount until it is paid in full. lots is not required for acceptance. Any and all claims based upon Buyer’s failure to In the event this interest rate exceeds the interest permitted by law, the same shall receive a purchased lot, Buyer’s receipt of a lot in damaged condition, or otherwise be adjusted to the maximum rate permitted by law, and any amount paid in excess related to delivery, must be received in writing by Stack’s Bowers no later than the thereof shall be allocated to principal. Buyer agrees to pay all reasonable attor- earlier of forty-five (45) days after payment, or the date of the Auction Sale (the ney’s fees, court costs and other collection costs incurred by Stack’s Bowers or any “Outside Claim Date”). As Buyers may not receive notification of shipment, it is affiliated or related company to collect past due invoices or to interpret or enforce Buyer’s responsibility to keep track of the Outside Claim Date and make timely the terms hereof or in any action or proceeding arising out of or related to the notification of any such claim. The failure to make a timely claim, time being of Auction Sale. Stack’s Bowers reserves the right to assign its interest to any third the essence, shall constitute a waiver of any such claim. party. To the extent that the Buyer for any lot consists of more than one person or entity, each such person or entity is jointly and severally liable for all obligations Buyers will be charged all applicable sales tax, including Buyers who of the Buyer, regardless of the title or capacity of such person or entity. Stack’s pick up at this Auction or shipments to Buyers in California and New Bowers shall have all the rights of a secured party under the California Uniform York without a valid Resale Certificate which has been provided to the Commercial Code and all rights of the consignor to collect amounts due from the Auctioneer prior to the auction. Please note that the purchase of any Buyer, whether at law or equity. coin or bullion lot(s) with a price, including the Buyer’s Premium, in excess of: (i) One Thousand Dollars ($1,000), for auctions held in Mary- 7. DISCLAIMER AND WARRANTIES. NO WARRANTY OF MERCHANTABILITY land, are exempt from Maryland sales tax, and (ii) One Thousand Five OR FITNESS FOR A PARTICULAR PURPOSE IS MADE OR IMPLIED ON ANY LOT. NO Hundred Dollars ($1,500) are exempt from California sales tax. These WARRANTY, WHETHER EXPRESSED OR IMPLIED, IS MADE WITH RESPECT TO ANY exemptions do not apply purchases of currency. Purchases of coins LOT EXCEPT FOR WARRANTY OF TITLE, AND IN THE CASE OF TITLE, AUCTIONEER and currency are exempt from sales tax in Illinois. Purchases of coins IS SELLING ONLY THAT RIGHT OR TITLE TO THE LOT THAT THE CONSIGNOR MAY are exempt from sales tax in Pennsylvania, but currency purchased at HAVE AS OF THE AUCTION SALE DATE. ALL LOTS ARE SOLD “AS IS” AND WITH auctions held in Pennsylvania are subject to Pennsylvania sales tax. ALL FAULTS. PURCHASER HEREBY ASSUMES ALL RISKS CONCERNING AND RE- On any tax not paid by Buyer that should have been paid, even if not collected LATED TO THE GRADING, QUALITY, DESCRIPTION, CONDITION, AUTHENTICITY, by Stack’s Bowers by mistake, error, negligence or gross negligence, Buyer re- AND PROVENANCE OF A LOT. mains liable for and agrees to promptly pay the same on demand together a. COINS LISTED IN THIS CATALOG GRADED BY PCGS, NGC OR ANACS CACHET, with any interest or penalty that may be assessed. OR ANY OTHER THIRD PARTY GRADING SERVICE OR EXAMINED BY THE BUYER PRIOR TO THE AUCTION SALE MAY NOT BE RETURNED FOR ANY REASON WHAT- 6. Financial Responsibility. In the event any applicable conditions of these SOEVER BY ANY BUYER, EXCEPT FOR CLAIMS RELATED TO AUTHENTICITY. Terms of Sale herein are not complied with by a Buyer or if the Buyer fails to make payment in full by the Default Date, Stack’s Bowers reserves the right, in b. For non-certified coins that have not been examined by the Buyer prior to the its sole discretion, in addition to all other remedies which it may have at law or Auction Sale: if it is determined in a review by Stack’s Bowers that there is a in equity, to: (a) rescind the sale of that lot or any other lot or lots sold to the material error in the catalog description of a non-certified coin or the coin is not defaulting Buyer, retaining all payments made by Buyer as liquidated damages, it authentic, such lot may be returned, provided written notice is received by Stack’s being recognized that actual damages may be speculative or difficult to compute, Bowers no later than seventy-two (72) hours of delivery of the lots in question, or (b) resell a portion or all of the lots held by Stack’s Bowers, in a commercially and such lots are returned and received by Stack’s Bowers, in their original, sealed 62 containers, no later than fourteen (14) calendar days after delivery, in the same any claim as a result thereof, including for incidental or consequential damages. condition the lot(s) were delivered to the Buyer, time being of the essence. Neither Stack’s Bowers nor any affiliated or related company shall be responsible for incidental or consequential damages arising out of any failure of the Terms of c. If an item or items are returned pursuant to the terms herein, they must be Sale, the auction or the conduct thereof and in no event shall such liability exceed housed in their original, sealed and unopened container. the purchase price, premium, or fees paid. Rights granted to Bidders under the d. Late remittance or removal of any item form its original container, or altering a within Terms and Conditions of Auction Sale are personal and apply only to the coin constitutes just cause for revocation of all return privileges. Bidder who initially purchases the lot(s) from Stack’s Bowers. The rights may not be assigned or transferred to any other person or entity, whether by sale of the e. Grading or condition of rare coins may have a material effect on the value of the lot(s), operation of law or otherwise. Any attempt to assign or transfer any such item(s) purchased, and the opinion of others (including independent grading ser- rights shall be absolutely void and unenforceable. No third party may rely on any vices) may differ with the independent grading services opinion or interpretation benefit or right conferred by these Terms and Conditions of Auction Sale. of Stack’s Bowers. Stack’s Bowers shall not be bound by any prior, or subsequent opinion, determination or certification by any independent grading service. 10. General Terms. These Terms and Conditions of Auction Sale and the auction shall be construed and enforced in accordance with, and governed by, the laws of f. Questions regarding the minting of a coin as a “proof” or as a “business strike” the State of California, regardless of the location of the Auction Sale. Any dispute relate to the method of manufacture and not to authenticity. arising out of or related to these Terms of Sale, the Auction Sale or any lot, with g. All oral and written statements made by Stack’s Bowers and its employees (in- the sole exception of actions by Stack’s Bowers to collect amounts owed to it and cluding affiliated and related companies) are statements of opinion only, and are other damages, shall be submitted to binding arbitration pursuant to the rules of not warranties or representations of any kind, unless stated as a specific written the Professional Numismatics Guild (“PNG”). Bidder acknowledges and agrees warranty, and no employee or agent of Stack’s Bowers has authority to vary or that the competent courts of the State of California shall have exclusive jurisdic- alter these Terms and Conditions of Auction Sale. Any alteration shall be effective tion, subject to the requirement to arbitrate, over any dispute(s) arising hereunder, only if in writing and signed by an officer of Stack’s Bowers authorized to do so. regardless of any party’s current or future residence or domicile. Bidder further Stack’s Bowers reserves the right to vary or alter the Terms of Sale, either gener- agrees that venue of the arbitration proceeding shall be in Orange County, Califor- ally or with respect to specific persons or circumstances, in its sole discretion. Any nia; and any court proceeding shall be in the Orange County Superior Court, in the variation or alteration shall be effective only if in writing and signed by an officer State of California. Bidder agrees that any arbitration or legal action with respect of Stack’s Bowers authorized to do so. to this Auction Sale is barred unless commenced within one (1) year of the date of this Auction Sale. These Terms of Sale and the information on the Bower’s website h. Bidders shall have no recourse against the Consignor for any reason whatso- constitute the entire agreement between the parties hereto on the subject matter ever. hereof and supersede all other agreements, understandings, warranties and rep- i. Bidder acknowledges that the rare coin market is speculative, unregulated and resentations concerning the subject matter hereof. If any section of these Terms volatile, and that coin prices may rise or fall over time. Stack’s Bowers does not of Auction Sale or any term or provision of any section is held to be invalid, void, guarantee that any customer buying for investment purposes will be able to sell or unenforceable by any court of competent jurisdiction, the remaining sections or for a profit in the future. terms and provisions of a section shall continue in full force and effect without being impaired or invalidated in any way. Stack’s Bowers may at its sole and absolute j. Bidder acknowledges and agrees that neither Stack’s Bowers, nor its employees, discretion, make loans or advances to Consignors and/or Bidders. affiliates, agents, third-party providers or consignors warrant that auctions will be unimpaired, uninterrupted or error free and accordingly shall not be liable for 11. Special Services. If you wish to limit your total expenditures, please fill in such events. the maximum amount you wish to spend on the MAXIMUM EXPENDITURE line at the upper portion of your bid sheet. You can then submit bids for amounts up 8. Waiver and Release. Bidder, for himself, his heirs, agents, successors and to eight times the amount of the maximum expenditure. This is a personal service assignees, generally and specifically waives and releases, and forever discharges and a Stack’s Bowers customer representative will personally attend to your bid Stack’s Bowers, and its respective affiliates, parents, shareholders, agents, sub- sheet by bidding from the auction floor, buying lots for your account until your sidiaries, employees, members of their respective boards of directors, and each authorized expenditure is reached. While we will do our best in your behalf, due to of them, and their respective successors and assignees from any and all claims, the speed of the auction sale and the sometimes crowded conditions, we cannot rights, demands and causes of actions and suits, of whatever kind or nature, in- be responsible for failure to execute such a bid properly. Due to the bookkeeping cluding but not limited to claims based upon Auctioneer’s negligence, whether in involved, this service is offered only to bidders with maximum expenditures of law or equity, whether known or unknown, suspected or unsuspected (a “Claim”), $1,000 or more. which Bidder may assert with respect to and/or arising out of, or in connection with any challenge to the title to or authenticity of any goods purchased, the We invite you to take advantage of the optional 10% to 30% increase to help sale itself, any lot bid upon or consigned, and/or the auction, except where such your chance of being a successful bidder. Check the appropriate place on your Claim is otherwise expressly authorized in these Terms of Sale. It is the intention bid sheet. of Bidder that this waiver and release shall be effective as a bar to each and every Bidding in this auction sale constitutes unconditional acceptance by the Bidder of Claim that may arise hereunder or be related to the Auction Sale, and Bidder the foregoing terms of sale. hereby knowingly and voluntarily waives any and all rights and benefits otherwise conferred upon him by the provisions of Section 1542 of the California Civil Code, Please note: Transparent holders in which the auction lots are stored are to which reads in full as follows: facilitate viewing and inspection of the lots and ARE NOT for long-term storage. “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE For PRICES REALIZED after the sale, call 1-800-458-4646. Preliminary prices real- CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER ized will also be posted on the Internet soon after the session closes at www. FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN stacksbowers.com BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SET- TLEMENT WITH THE DEBTOR.” 9. Disputes. If a dispute arises concerning ownership of a lot or concerning proceeds of any sale, Stack’s Bowers reserves the right to commence a statutory Stack’s Bowers Galleries is a fictitious business name of Stack’s-Bowers Nu- inter-pleader proceeding at the expense of the Consignor and Buyer and any other mismatics, LLC, a Delaware limited liability company applicable party, and in such event shall be entitled to its reasonable attorneys’ Stack’s Bowers and Ponterio is a fictitious business name of Stack’s-Bowers fees and costs. Stack’s Bowers reserves the right to cancel or postpone the Auc- Numismatics, LLC, a Delaware limited liability company tion Sale or any session thereof for any reason whatsoever. No Bidder shall have

63 Other Spectrum Group International Companies

Coins, Currency and Precious Metals

A-Mark Precious Metals, Inc. (United States) Stack’s Bowers & Ponterio (United States, Hong Kong) Collateral Finance Corporation (United States) 1-310-587-1436 1-800-458-4646 1-310-587-1410 www.amark.com www.stacksbowers.com www.cfccoinloans.com

Spectrum Numismatics International, Inc. (United States) Teletrade (United States) 1-888-828-2646 1-800-949-2646 www.spectrumcoins.com www.teletrade.com

Stamps and Postal History

Corinphila Auktionen (Switzerland) Corinphila Veilingen (Netherlands) H.R. Harmer (United States) +41-44-389-91 91 +00-31-(0)-20-6249740 1-800-782-6771 www.corinphila.ch www.corinphila.nl www.hrharmer.com

Heinrich Köhler Auktion (Germany) John Bull Stamp Auctions, Ltd. (Hong Kong) +49-(0)-611-39381 +852-2890-5767 www.heinrich-koehler.de www.jbull.com

Fine, Collectible Wine

Spectrum Wine Auctions (United States, Hong Kong) 1-888-982-1982 www.spectrumwine.com

Stack’s Bowers Galleries The Harry W. Bass, Jr. Collection, Part V August 17, 2011

800.458.4646 West Coast Office • 800.566.2580 East Coast Office 18061 Fitch, Irvine, CA 92614 • 949.253.0916 123 West 57th Street, New York, NY 10019 • 212.582.2580 [email protected] • www.stacksbowers.com California New York New England Hong Kong