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    Description

    CGA About Uncirculated 58 Demand Note - Possibly the Finest Known

    Fr. 1 $5 1861 Demand Note CGA About Uncirculated 58. This note is an old friend. We previously sold it in January of 1996, graded Choice About New, with the following description: "The finest Demand Note bar none that we have had the pleasure of handling. Of the approximately one hundred known, only three can compare with this piece. Well margined and bright, with hand signatures that appear to have been applied yesterday, this note exhibits not a hint of a problem. It is in fact the only Demand Note we have ever seen that retains its full original embossing effect. We have always considered all Demand Notes undervalued, and we consider this note way up in the top half-dozen Demand Notes of any city of issue or denomination." At that time, nearly a decade ago, the note realized $11,000 on an estimate of $8000-up. Our opinion as to rarity in this condition has not at all changed, and we've seen nothing comparable to this note since that time. Without examining the few others in the census in face-to-face comparisons, it certainly remains possible that this is the finest single Demand Note in existence. In the current market, we would not be at all surprised to see this note reach or possibly even exceed . . .

    Auction Info

    Auction Dates
    September, 2004
    9th-10th Thursday-Friday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 356

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