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    Cincinnati $10 Demand Note

    Fr. 9 $10 1861 Demand Note PCGS Fine 15.
    Three years ago, we offered this incredibly rare Cincinnati $10 Demand Note as part of the Newman Collection. It was the first ever auction appearance for the note, one of just eight examples now known. One of those is in the ANA museum. Two others have been reported by serial number only, with no sales history or current location. All but two of the known notes fall just below this piece in grade. We sold another Fine, a PMG Net 15, in January 2011 for $18,400. The overall look of the note belies the technical grade and the PCGS grading comments, "Pinholes; Small Edge Split at Top Left; Minor Restorations." It is quite handsome. Since this piece was offered, a PMG 25 realized $66,000, despite being cut into the design. A pleasing and attractive early United States rarity.

    Auction Info

    Auction Dates
    Apr-May, 2018
    25th-1st Wednesday-Tuesday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 592

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