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    Description

    The Finest Graded Fr. 9 - One of Only Seven Known

    Fr. 9 $10 1861 Demand Note PMG Very Fine 25.
    "This lovely and finest known example comes from a long held hoard passed down generation after generation since the Civil War. At this time only five notes are recorded in the Gengerke census for this elusive Greenback with one example forever ensconced in the ANA Museum. One note was last offered 17 years ago, while another has appeared at auction three times since 1992, last appearing ten years ago. The whereabouts of the other two are unknown, though serial numbers are listed. PMG has commented about splits and the bank stamp on the back which is difficult to make out, but the origin is Cincinnati, O. Since these Greenbacks were relatively new, perhaps merchants and businesses accepting these new government issues placed their "stamp of approval" on them. The previous lot which was a note from Philadelphia exhibits the same stamp. Without the minor flaws noted this rarity could be a six figure piece, but expect a realization this evening in the area of..." That was the description we used when we sold this note in our January 2008 auction. The six figure price, which we felt was out of reach, was easily exceeded with the hammer falling at $172,500. There are now seven examples known, only four of which have been graded by both services combined. This 25 is alone at the top of the census. The note has extraordinary color, with strong signatures, and terrific eye appeal. The 2008 realization is likely well out of reach this evening, but when rarity and top-pop grade are combined, we have certainly been wrong before.
    From The Greensboro Collection Part III


    View all of [The Greensboro Collection Part III ]

    Auction Info

    Auction Dates
    January, 2014
    8th-13th Wednesday-Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 2,350

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