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

15291

Fr. 151 $50 1869 Legal Tender PMG About

Currency:USD Category:Coins & Paper Money Start Price:37,500.00 USD Estimated At:75,000.00 - 130,500.00 USD
Fr. 151 $50 1869 Legal Tender PMG About
<B>Fr. 151 $50 1869 Legal Tender PMG About Uncirculated 50.</B></I> Sixty-two examples are known of this Rainbow Fifty - only three of which are graded higher than this handsome AU. PMG has not graded any Rainbow $50s above the AU level, and only three pieces at that level. This one is unsurpassed for eye appeal. The margins are broad and quite even, the back centering is perfect and the colors are bright and bold. The Dauers have used this note as their illustration for the type and photographed both sides on page 107. The portrait at the lower right of the note is that of Henry Clay. Clay was the thrice unsuccessful perennial presidential candidate between 1824 and 1844. He had also served as Secretary of State under John Quincy Adams in the late 1820s. The record auction price for a Friedberg 151 is $184,000 which we set in our Taylor Family Sale in February of 2005. This piece lacks the technical grade of that example, but it certainly is comparable in appearance - if not a touch nicer. We would not be at all surprised to see this spectacular-looking piece approach the six-figure mark. <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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