Rare and Attractive Uncirculated Fr. 1330Fr. 1330 50¢ Third Issue Spinner PCGS New 62.
A tight right face margin is all that holds this rare Allison-New signed Spinner from the full choice grade. It is decently margined on the other three sides, with excellent color and strong signatures. Allison and New were in office together from June 30, 1875 until January 7, 1876, long after Third Issue notes had ceased to be issued. These notes were clearly not intended as regular issue, but they were signed to be given to friends or as some act of patronage. In any event, they became Legal Tender once signed, as Allison and New were legal signers. A number of well-circulated examples exist, which shows that these notes did indeed circulate as currency. Most that reached the market are either low grade or gems. A bright, attractive, uncirculated note that is less than gem but still most appealing is almost never seen. This is that note. We have sold several AUs for over $3,000 over the last few years and several gems in between $8,000 and $11,000. This note should find the middle ground.
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