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Lot
16646

Fr. 158 $50 1880 Legal Tender PCGS Choice About New 55.. ...

2011 January Tampa FUN Signature Currency Auction #3512

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Auction Ended On: Jan 7, 2011
Item Activity: 2 Internet/mail/phone bidders
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Location: Tampa Convention Center
333 S. Franklin St.
Tampa, FL 33602
Description:
Lovely About New 55 Fr. 158-One of Nine Known
Fr. 158 $50 1880 Legal Tender PCGS Choice About New 55.
Less than ten examples of this Friedberg number are known to exist, but unlike the great majority of rarities, most of them are in very high grade. A mere twenty thousand examples of Fr. 158 were printed. Only a single circulated note is known, but a group of eight consecutive uncirculated or near uncirculated pieces have survived. Two notes from this run are permanently impounded, with one residing in the Charlotte branch of the Richmond Federal Reserve bank, and the second in the ANA Museum. This note is the highest number of the high grade run and is new to the census, having never been previously offered to the collecting community at public sale. Having sold three of the seven other examples at auction since 1994, we can attest to the fact that, no matter what its technical grade, this piece is as pretty as any of the others, and in its PCGS 55 holder will realize a strong price...likely in the area of the last piece sold at auction, a PCGS AU 58, which fetched $57,500 when we sold it back in September of 2006.

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