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    Description

    Rare Handwritten "for the" Demand Note with Extremely Bold Handwriting

    Fr. 1a $5 1861 Demand Note PCGS Very Fine 25.
    The highest graded Fr. 1a note to have reached the auction block was a single XF 45 example. That note sold most recently, in 2013, for $94,000. A PCGS 40 realized $84,000 last August. This PCGS 25 is a highly respectable example, wholly problem free, with good color, very strong signatures, and with both of the all-important handwritten "for the" notations being dark and clear.

    When Demand notes were first printed, the words "Register of the Treasury" and "Treasurer of the United States" were printed at the bottom of the note below the signature lines. The Treasury clerks, who were authorized to sign for these officials, added the words "for the" after their signatures. After a short while, it was realized that the words "for the" should be added to the plate in front of "Register of the Treasury" and "Treasurer of the United States" to save a considerable amount of time and effort on the part of the signers. The original notes with the handwritten "for the" are major rarities for all denominations as very few were ever produced.


    Auction Info

    Auction Dates
    January, 2019
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 695

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