Skip to main content
Go to accessibility notice

    Description

    Excessively Rare Progressive Essay Proof Fr. 198 $50 PMG 63

    Fr. 198 $50 18(63) Interest Bearing Note Progressive Essay Face Proof Hessler ITE9 PMG Choice Uncirculated 63.
    A plate letter B, serial number "0000" Face Proof of this excessively rare middle-of-the book number bearing an ornate green guilloche behind the words of, "Fifty Dollars," at center. A vignette of Loyalty is at upper left and a portrait of Alexander Hamilton is at lower right. The circulating issue of this design has an enumerated population of a meager three and it has been stuck on that low number for over 50 years. Researcher Gene Hessler has confirmed the existence of seven examples of this Proof as listed in U.S. Essay, Proof and Specimen Notes. The example in this lot is of the variety of this design that has "American Bank Note Company" spelled out at upper right. It is printed on India paper and mounted on cardstock. The back label talks of minor paper damage, which must be the four small POC in the two signature spaces that are now concealed by the backing. Almost all Proofs were cancelled in some fashion, because this was a deterrent to having them sneak off into circulation. An annotation is also listed on the back label. This was because the word, "Specimen," was handwritten in blue pencil at bottom center. These foibles are minor for Proofs and they will not keep away any serious bidders.


    Auction Info

    Auction Dates
    January, 2019
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 399

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Sold on Jan 11, 2019 for: Sign-in or Join (free & quick)
    Track Item

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 18 days left to consign to the 2022 January 5 - 10 FUN World Paper Money Signature® Auction - Orlando FUN!

    Learn about consigning with us

    Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.
    Mohammed J.,
    Durban, KZ
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search