Fr. 11a $20 1861 Demand Note PMG Choice Fine 15 Net.. ...
Unique "for the" Twenty Dollar Demand NoteFr. 11a $20 1861 Demand Note PMG Choice Fine 15 Net.
From our sale of the Dr. Edward & Joanne Dauer Demand Note Collection in September 2008. We described it there as follows: "This fabled Fr. 11a is unique not only for its Friedberg number, but also for type. When Demand Notes were first printed, the words 'Register of the Treasury' and 'Treasurer of the United States' were printed at the bottom of the note below the signature lines. The Treasury clerks, who were authorized to sign for these officials, added the words 'for the' after their signatures. After a short while, it was realized that the words 'for the' should be added to the plate in front of 'Register of the Treasury' and 'Treasurer of the United States' to save a considerable amount of time and effort on the part of the signers. Five and Ten Dollar 'for the' notes are extremely rare in the marketplace. There are only ten 'for the' $5 notes known--nine of which are Fr. 1a. The $10 notes are equally rare with ten pieces known--most of which are Fr. 6a. In $20 Demand notes, the currently offered piece is absolutely unique with no other 'for the' notes known--not only for this Friedberg number, but for the type. The note has a minor, exceedingly well-done restoration of one of the corner tips, and has been graded Choice Fine 15 Net with the comment 'Professional Restoration.' To our eye, the note has the appearance of a solid problem-free Very Fine. The signatures, although a bit light, remain nice and clear, and the colors of the note, including the green overprint on the face as well as the red serial number, have all their original brightness. The elaborately engraved green back also gives the appearance of a solid VF if not slightly better. This would be a handsome and desirable Demand Note of any denomination or variety at this grade level. The words 'unique' and 'irreplaceable' are considerably overused in today's market; however, for this note, 'unique' is exactly correct and 'irreplaceable' is right on the money. The successful bidder who brings this note home tonight can bask in the certain knowledge that no other collector will ever own a 'for the' $20 Demand note until tonight's winner is willing to part with his treasure." The note remains unique both for Friedberg number and type. Any collector wanting a $20 "for the" Demand note needs this very piece.
From The Greensboro Collection Part III
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