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    Rare Fr. 6 With No Survivors Known Above Very Fine

    Fr. 6 $10 1861 Demand Note PMG Very Fine 30.
    Demand Notes were important instruments in financing the Union's Civil War budget. A shortage of coin during war time put further strains on circulating paper currency. These notes circulated heavily until Legal Tender could help alleviate currency needs. As a result, few Demand Notes are known in grades above Very Fine, most of them $5s. That statement is especially true for this Friedberg number as none are reported above the Very Fine 35 level. The example we are offering tonight is one of the finer known survivors whose only flaw is a slight tear along the top margin as mentioned on the PMG holder. Otherwise, both hand-signed signatures are strong, the colors are incredible, and the note is far better margined than most Demand Notes. The PMG Choice Very Fine 35 example referenced above brought $28,800 in our 2019 Central States auction.

    Auction Info

    Auction Dates
    April, 2020
    22nd-27th Wednesday-Monday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 450

    Buyer's Premium per Lot:
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