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    Ex: Newman Five Dollar Cincinnati Demand Note - Fr. 4 One of Only Six Known

    Fr. 4 $5 1861 Demand Note PCGS Fine 12.
    We offered this very rare Demand Note as part of the Newman archives. To date, only six reported survivors are known of this scarce Friedberg number. It was the finest offered at auction when we presented it and still reigns as finest graded and finest ever offered at auction. The note was payable at the Cincinnati Treasury Office and with no "for the" varieties known to collectors, it is the scarcest of the different locales engraved on the 1861 $5 Demand notes. There was a report of a higher grade piece over 30 years ago, but it has yet to resurface. Some "Small Edge Splits and Tears," are present but of little to no importance on a note of this rarity. The colors remain wonderfully strong and both signatures are well applied, dark, and fully legible. Friedberg states that, "the green reverses of the Demand Notes are the origin of the term 'Greenback' as applied to U.S. paper money in general." An important opportunity for anyone attempting a Friedberg number set or a collector with a simple appreciation for extreme rarity.

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    Auction Info

    Auction Dates
    August, 2018
    17th Friday
    Bids + Registered Phone Bidders: 13
    Lot Tracking Activity: N/A
    Page Views: 370

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