LOT Old Heritage Auctions  /  2007 Sept Long Beach, CA Sig Currency #448  / 

15290

Fr. 150a $50 1863 Legal Tender PMG Very Fine 20.

Currency:USD Category:Coins & Paper Money Start Price:20,000.00 USD Estimated At:40,000.00 - 69,600.00 USD
Fr. 150a $50 1863 Legal Tender PMG Very Fine 20.
<B>Fr. 150a $50 1863 Legal Tender PMG Very Fine 20.</B></I> Fr. 150a is an extreme rarity with only seven examples known. This is the Second Obligation back with the 1863 date and both the American Bank Note Company and National Bank Note Company names at the top of the note above Hamilton's portrait. This piece is illustrated both sides on page 105 of the Dauers' book. It has also been used for a blow-up illustration of the Second Obligation back. PMG has noted "Closed Splits." Splits are almost universal on this early thin-paper type. The colors of the note are far brighter than one would expect for the grade, and the note has an overall lovely appearance. Track & Price lists only nine auction appearances for this Friedberg number, but when duplicates are removed, those nine appearances represent only three different notes going back to 1993. A PCGS 63 example realized $182,750 in 2005. While this evenly-circulated piece will certainly not approach that figure, it could easily get a quarter of the way there.<BR><I>From The Dr. Edward & Joanne Dauer Collection</B></I><BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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