Fr. 1192a $50 1882 Gold Certificate PMG Very Fine 25.. ...

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Unique Fr. 1192a $50 1882 Gold Certificate

Fr. 1192a $50 1882 Gold Certificate PMG Very Fine 25.
When we last offered this piece in September 2008, we re-ran the story of its original appearance on the Paper Money scene: "Central States in 2006 was the backdrop for the last auction appearance of this unique note. At the time, our description included the story of its discovery, 'This note originally surfaced at a Milwaukee coin show in late 1989. It was first presented to the public in Stack's January 16, 1990 auction. Stack's introduced it to the collecting community as follows: 'Very rarely in American Numismatics, is a completely new and important variety discovered. That such an event should occur is newsworthy; that it should happen in such a well-researched field as Large Sized currency is truly extraordinary. The Friedbergs have informed us that this newly discovered variety will be listed as Fr. 1192a in all future editions of their work.' In fact, that listing has occurred and this Fr. 1192a remains a unique and highly important piece. Prior to the discovery of this note, all known Rosecrans and Huston-signed $50 Gold Certificates had the Large Brown Seal. According to Treasury records, as researched by Doug Murray, the printing of Rosecrans-Huston signed notes was completed during January of 1891 and the use of the Small Red Scalloped Seal did not begin until June of 1891. If the Treasury records are accepted as accurate, this note cannot exist. It is also an interesting point that the small Red Seal is located at the bottom center of the note - a position that was not used on any other Small Red Seal variety. The note itself is problem-free, strictly original, and unmolested, as well as being well margined, bright and attractive. Not only is Fr. 1192a unique as a Friedberg number, but it remains, and always likely will remain, unique as a Type." On each of its last two appearances in 2006 and 2008 this unique type realized just a hair under $300,000. We expect a similar result this evening with the ever-present possibility that this piece could pass that elusive level.
Previously from The Jupiter Collection.
From The Greensboro Collection

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View Certification Details from PMG