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    Description

    High Grade $5 Boston Demand Note-One of the Finest Known

    Fr. 3 $5 1861 Demand Note PCGS Apparent Extremely Fine 40.
    An extremely rare note in this grade, with the Track & Price census showing only four Boston $5 Demand Notes having been graded Extremely Fine, with none better. The records of the grading services are consistent, with PMG having graded nothing higher than VF 35 and PCGS having graded only one other EF 40, with none better. Quite typically for this rare early issue, there is a small repair on this new to the census piece, but it is minor and can be seen only with careful examination through the PCGS holder. Only one piece in this grade has been offered at public sale since 2001 according to Track & Price, with that piece, the PCGS EF 40 in a comment free holder fetching over $25,000 at last year's ANA auction. We will be conservative in our estimate here, but if rarity and desirability are any guide, expect a higher rather than a lower figure to prevail tonight.


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    Auction Info

    Auction Dates
    Sep-Oct, 2013
    25th-1st Wednesday-Tuesday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 591

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