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    Description

    Fr. 202a $50 1861 Interest Bearing Note Proof Gem New. This design type is one of the rarest of all US Currency. Its represented by a single signed and issued redeemable example which we sold in our May 2001 sale for just under $700,000. That note, and another issued note which has been punched canceled, redeemed, and now resides in the Bureau of the Public Debt in Washington D.C. The proof which we now offer is only the third example of the design type known. It is on the normal bank note paper, printed on both sides and hand numbered. It apparently was a normally printed note prepared for issue, but then punch cancelled with a small hole in each signature block and carefully mounted to a light card so that both sides can be viewed. This Proof surfaced in the Richard Saffin collection, sold by Christis in 1982, and was later traded privately to a major holding in 1985. It is the ideal companion piece to the unique note we sold last spring and it will undoubtedly set a record price for any US Proof note.

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    Auction Info

    Auction Dates
    January, 2002
    10th-12th Thursday-Saturday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 537
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