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    Description

    Bold Fr. 831 $50 1918 St. Louis FRBN - Chambliss Plate Note
    Significant Single-Friedberg Number Type

    Fr. 831 $50 1918 Federal Reserve Bank Note PMG Choice Extremely Fine 45.
    St. Louis was the only district to issue these $50 notes, which are an essential Federal large size type note for many collectors. Most are in high grades, and the Track & Price census with 53 notes is somewhat misleading because most collectors hold onto their note once obtained. Often, a few years will go by before one appears at auction. Interestingly, the population is fixed with the Federal government reporting 57 notes outstanding. Mike went many years before acquiring this handsome former Chambliss Collection note. The engraved treasury signatures of Tehee and Burke pair with those of Attebury and Wells for the bank. The $50 notes with face bordering and title blocks are similar to other denominations in the series. At the left is the three-quarter portrait of Ulysses S. Grant. Marcus Baldwin engraved the captivating vignette on the back just a few years after the Panama Canal was completed. According to the 1918 report from the Bureau of Engraving and Printing's director, the scene with a woman at the center with a merchant vessel on one side and a warship on the other was intended to "represent America presiding over the Panama Canal, the oceans representing respectively the Atlantic and Pacific." Engraver Marcus Baldwin's representation of "America," evokes depictions of Venus rising from the sea (an image used on many 1830s era Obsolete banknotes). Crowned with a laurel wreath and holding a caduceus, she stands proudly before a tropical landscape, pleased with the victory achieved in the building of the canal and the facilitation of trade. This is the Chambliss plate note illustrated on page 241. It is lightly handled and has a Choice Uncirculated appearance. Ex: Kagin's, March 2018 ANA sale, lot 3084; Carlson Chambliss Collection. Another key piece, always in demand, and a proper crowning to this historic gathering of large size FRBN royalty.
    From The Mike Coltrane Collection.




    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 19
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