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Lot
18733

Fr. 185d $500 1878 Legal Tender Choice Fine. This is one ...

2004 (CAA) Orlando, FL Signature Sale #338

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Auction Ended On: Jan 9, 2004
Item Activity: 7 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Fr. 185d $500 1878 Legal Tender Choice Fine. This is one of only six examples known to exist, two of which are in government hands, one in the Smithsonian and a second in the Federal Reserve Bank of New York. Of the four in collectors' hands, three have been on the market in the last few years. An Extra Fine brought $143,000 in the June 2000 Memphis sale, and a Very Fine was on a fixed-price list in 1998 at $85,000. This note was on the market in May of 1997, when we sold it for $37,400. This is one of the most elusive design types. About 40 examples are known, and they span fourteen Friedberg numbers. Of those 40-odd pieces, fully two thirds are permanently impounded in government hands.

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