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Category: All Auction Archive Items > Large Size > Legal Tender Notes

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Lot: 15306
Auction: 448   		Fr. 188 $5000 1878 Legal Tender PMG Very Fine 25....
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Sold for: $805,000.00 (includes BP )
Bid Source: Live: Floor
Ended: Sep 27, 2007
  Printable Version of Prices Realized for this Auction
 
Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Description
Unique $5000 Fr. 188


Fr. 188 $5000 1878 Legal Tender PMG Very Fine 25. Certainly the key piece in this offering of Legal Tenders, and one of the key pieces in all of Federal currency. The Dauers have illustrated both sides of this note on page 142 of their American History As Seen Through Currency. Along with the photos comes the following caption: "All the $5,000 and $10,000 Legal Tender notes of 1878 have been redeemed and destroyed by the Treasury Department. The note above is a specimen furnished to the Chinese Government. Proof or specimen notes are usually either printed on cardboard or have a blank reverse. This note is printed on both sides and on legitimate currency paper. It is thus highly desired by collectors and it is the only surviving example of this design."
All of the above is wholly correct, but there is considerably more to tell. This note has only three minor differences from the regular issue: three stars fill each serial number box, each signature has three small cancels, and the Chinese Government presentation is overprinted between the signatures. Save for that, it is a totally legitimate piece of currency. It is also the only $5,000 Large Size note of any issue or design that is available to the collecting public. To our knowledge, there are no other Large Size notes of any denomination in this category. The note is more akin to a sample than a specimen. Whatever category you place this note in, it is an irreplaceable part of US currency history and the key to assembling a complete set of U.S. currency by Friedberg number.
From The Dr. Edward & Joanne Dauer Collection View Entire Collection.
Estimate: $400,000 - up.
Auction Name: 2007 September Long Beach, CA Signature Currency Auction #448
Description: Heritage-Currency Auctions of America's Long Beach California auction promises to once again be one of the major currency events of 2007, with this sale containing some of the "freshest" material to hit the market in decades. Numerous rarities in virtually every field, including Colonial Currency, Fractional Currency, Confederate and Obsolete Currency, Military Payment Certificates, National Bank Notes, Error Notes, Small and Large Type Notes.
Auction Type: Currency Auctions of America - Heritage Signature !! Heritage Live:
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Item Activity: 3 Internet/mail bidders, 5,583 page views



Previous Prices from Heritage Auctions
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Large Size:Legal Tender Notes, Fr. 188 $5000 1878 Legal Tender PMG Very Fine 25....

Large Size:Legal Tender Notes, Fr. 188 $5000 1878 Legal Tender PMG Very Fine 25....

Large Size:Legal Tender Notes, Fr. 188 $5000 1878 Legal Tender PMG Very Fine 25....

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