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16673

Fr. 185d $500 1878 Legal Tender Very Fine. This is the third opportunity that we have had to offer this magnificent General ...

2005 (CAA) St. Louis, MO (CSNS) Signature Sale #374

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Auction Ended On: May 7, 2005
Item Activity: 7 Internet/mail/phone bidders
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Location: St. Louis, MO
Description:
Fr. 185d 1878 $500 -- One of Four in Private Hands
Fr. 185d $500 1878 Legal Tender Very Fine. This is the third opportunity that we have had to offer this magnificent General Mansfield $500. Its last appearance in a CAA Sale was in January of 1998, where it was described, "When we offered this note for the first time in May of 1991, it was a newly discovered note to the census. Since that time, one additional piece has turned up in the Federal Reserve Bank of New York, bringing the total known up to six, two of which are permanently impounded. This note is defect-free without any trace of repair or restoration. Only forty examples of this design type, which spans fourteen Friedberg numbers, are known to exist and of those, twenty-six are permanently impounded in government hands." The most recent example of this number at public auction was the lower grade piece, which we sold in January of 2004 for over $75,000. This presently offered note has not auctioned since we sold it in 1998.

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