Description

    Very Rare Allison-New Hand Signed Spinner

    Fr. 1330 50¢ Third Issue Spinner. PCGS Choice About New 58PPQ.
    A stunning example of the extremely rare, hand-signed Allison-New variety. Terrific color on both sides, bright bronze and excellent original paper surfaces. Fr. 1330 is the only opportunity to obtain a hand-signed John New U.S. Currency note. Allison and New were in office from June 30, 1875 until January 7, 1876. These Red Back Spinner notes should have been issued well prior to that. They were clearly not intended as a Regular Issue, but rather were signed to be given to friends or as some form of a patronage act. In any event, they became legal tender when signed, as Allison and New were legal signers. No accurate census exists, but the presumed census is in the 20 to 30 range. This cataloger's personal guess is that three sheets of twelve were originally signed, and most of the notes have survived.
    From the Menlo Park Collection


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    Auction Dates
    January, 2011
    5th-10th Wednesday-Monday
    Bids + Registered Phone Bidders: 3
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