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Fr. 11 $20 1861 Demand Note PMG Very Fine 25.. ...
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Description
Extremely Rare and Important Fr. 11 $20 New York Demand Note
Ex: Bass and Schermerhorn Collections
Fr. 11 $20 1861 Demand Note PMG Very Fine 25.This is the highest denomination Demand Note design type and is rarely offered for sale. Currently there are only 22 confirmed $20 Demand Notes extant from the four issuing locations. A significant major Federal type in any grade and only found in elite collections. The face design displays a powerful rendering of America as engraved by Alfred Jones. This vignette was also used on the $20 Legal Tender notes that followed. Furthermore, it was put to use on contemporary Obsolete banknotes that circulated concurrently with the federal issues (for example the Bank of New York $2; cf. our April 2015 Eric P. Newman Collection Sale: 19260). Intricate green dies flank the vignette which bisects the "20" protector. Each end has a green TWENTY DOLLARS protector guilloche. The green back is composed of extremely compact and complex micro-dies. At the center is a shield with title and denomination. This Series 2-position B-plate 2 note has an illustrious pedigree. It was sold in the 1999 Harry Bass sale by Bowers & Merena (lot 16) and pedigreed to Robert Schermerhorn. Its most recent public offering was in the Stack's Bowers August 2011 sale, lot 5422, where it realized $80,500. Mike purchased this privately a few years afterward. The note has exemplary visual appeal. The even face margins are wide for any Demand Note. The color on both sides is lovely and vibrant. Like many third-party graded Demand Notes, cited with "Minor Restoration," which has been performed expertly and is not readily visible. This note appears superior to the Joel Anderson Collection Fr. 11 note; it sold in March 2018 for $93,000 in a PCGS Apparent Very Fine 25 encapsulation. We have not cataloged and sold an Fr. 11 since 2005, attesting to its elite status. One of many highlights in the Mike Coltrane Collection that will provide much enjoyment for its next curator. A riveting rarity that is worthy of approaching or exceeding the six-figure mark.
From The Mike Coltrane Collection.
View Certification Details from PMG
Auction Info
2020 November 4 - 5 The Mike Coltrane Collection Part 1 Currency Signature Auction - Dallas #3575 (go to Auction Home page)
Auction Dates
November, 2020
4th-5th
Wednesday-Thursday
Bids + Registered Phone Bidders: 28
Lot Tracking Activity: N/A
Page Views: 2,202
Buyer's Premium per Lot:
20% of the successful bid (minimum $19) per lot.
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