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    Evenly Circulated and Problem Free PMG Choice Very Fine 35 $5 Demand Note

    Fr. 1 $5 1861 Demand Note PMG Choice Very Fine 35.
    This note first surfaced when we sold the Malcolm Trask holdings back in 2005. Mr. Trask was a pioneer in collecting paper money, having obtained all of his notes from the late 1940's through about 1963. We noted then, "Beautifully margined for a Demand Note, and like almost everything from the Trask Collection, totally without problems or repairs of any kind. It is a well signed, bright, and extremely attractive note of a type that this cataloger has always considered highly undervalued." At that sale, it realized over $3,600. We resold three years later as part of the Peter Gamble collection, where the price this time almost tripled to $9,200. As the true rarity of higher grade problem-free Demand Notes becomes more fully apparent with the records published by the two major grading services, we are confident of an even higher realization some seven years later.

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    Auction Info

    Auction Dates
    January, 2015
    7th-12th Wednesday-Monday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 1,182

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