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    High Grade "for the" New York District Demand Note

    Fr. 1a $5 1861 Demand Note PMG Very Fine 20. This New York District "for the" Demand Note is the most common of the "for the" for the denomination. Nine pieces are known. The highest grade yet to auction was a PCGS 45, which we sold in May 2007 for $138,000. This note has an amazingly clear hand-written "for the" on both the Register and Treasurer side of the note. The colors are just about perfect and the note is primarily well-margined, although the right-end of the face just touches the design at its top. It's an important note and a type that is missing from all but the most advanced collections, as a total of only 26 "for the" notes exist for all denominations combined. PMG has commented "Restoration", which we have no doubt exists, but we've not seen this note out of the holder, and through the holder, we have been unable to find it.
    From The Dr. Edward and Joanne Dauer Collection


    View all of [The Dr. Edward and Joanne Dauer Collection of Demand Notes ]

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    Auction Info

    Auction Dates
    September, 2008
    17th-21st Wednesday-Sunday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
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