LOT #17317 |
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Fr. 13 $20 1861 Demand Note PMG Very Fine 20 Net.. ...
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Sold on Jan 11, 2013 for:
$61,687.50
Bid Source: Live: Floor bidder
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Description
Ex: Grinnell, Dauer $20 Demand Note
Fr. 13 $20 1861 Demand Note PMG Very Fine 20 Net.Our previous description for this note, when it sold in September 2008 was,"Only four Fr. 13s are known from a total of twenty-six $20 Demand Notes reported for all numbers combined. Ten of those are Fr. 12. Twenty dollar Demand Notes reach the market with such infrequency that most collectors enter and leave the hobby without ever having the opportunity to purchase one. The three $20s in the Dauers' magnificent collection afford a once-in-a-lifetime opportunity for the advanced collector of Large type. This is the first Fr. 13 to be third-party graded by either major service--none has been graded higher than 20 when sold raw in any of the very few auction appearances that these notes have had. This note last sold at auction in May 1999 when it realized $36,800. It is the ex-Grinnell note, and while it does have a few minor restorations, they have been done with consummate skill and are undetectable to all but the most trained eye. The highest price recorded for a Fr. 13 at auction was in November 2006 when a note, somewhat lower than this in quality, realized $92,000. This piece should certainly equal, and will very likely exceed that realization." At that sale, it realized $74,750, a figure that should be just about equaled this evening.
Previously from The Dr. Edward and Joanne Dauer Collection.
From The Greensboro Collection
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Auction Info
2013 January 9-14 Currency FUN Signature Auction - Orlando #3521 (go to Auction Home page)
Auction Dates
January, 2013
9th-14th
Wednesday-Monday
Bids + Registered Phone Bidders: 4
Lot Tracking Activity: N/A
Page Views: 808
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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