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    One of Only Three Philadelphia $10 "for the" Demand Notes Known

    Fr. 7a $10 1861 Demand Note PMG Choice Fine 15.
    Only three examples of this Philadelphia District $10 are known. The Serial Number 1 note, which had been of uncertain whereabouts for the past forty years since its appearance in a 1970 Sotheby's sale has since turned up and we auctioned it in 2014 for $381,875. The currently offered note is a solid Fine with some claims to the Very Fine grade. The colors are excellent, and the margins, though close in spots, do not intrude into the design. The signatures are a bit light, but both are legible as are the important "for the" inscriptions. Only when incredible collections are offered do "for the" Demand Notes reach the market. We initially sold this note at our September 2008 Long Beach Auction as part of the Dauer collection, where it realized $97,750. Since that time, it resold on a much weaker market at a price in excess of $50,000. In the market now, we would anticipate a price somewhere between those two previous realizations.

    Auction Info

    Auction Dates
    January, 2019
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 609

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