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Fr. 6 $10 1861 Demand Note PMG Fine 12 Net.. ...
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Description
Attractive $10 Demand Note Payable at New York
Fr. 6 $10 1861 Demand Note PMG Fine 12 Net.This $10 Demand Note payable in New York last appeared as part of the Tom Flynn Collection where it was described, "PMG has commented 'Ex Grinnell' and also 'Split Repairs', which resulted in the Net grade. The piece itself is far nicer than the assigned 12. Both hand-signed signatures are strong, the colors of the note are excellent, and the margins, though quite irregular, are generous everywhere save for the left end of the bottom. Fr. 6 is a rather rare number with only 40 pieces known in all grades combined. The highest grade piece in the Track & Price census is a PMG 30, and this 12 is actually well in the top half of the known pieces by grade. A rather attractive note from this severely under-priced series." Despite the strong prices achieved at the Flynn auction, the market for Demand Notes seems to have continued to rise, and the $5175 that this note realized should easily be matched or exceeded again here this evening.
From The Peter D. Jones M.D. Collection
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