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    Courtesy Autographed Presentation Fr. 836a Proof

    Fr. 836a $5 1914 Red Seal Federal Reserve Note Face and Back Essay Proof Courtesy Autographed Presentation Piece PCGS Choice New 63 Apparent.
    An example of one of the few instances where a proof note formally left the Bureau of Engraving and Printing. This Red Seal Richmond $5 displays both its face and back in "windows" within an approximate 15 by 16 inch cardboard frame. Printed beneath the back is, "A die-proof impression of the face and back of the Five Dollar Federal Reserve Note for the Comptroller of the Currency, with compliments of the Director of the Bureau of Engraving and Printing. / Washington, D.C., / October 28, 1914. " It is signed below the printing by BEP Director J(oseph) G. Ralph. The Comptroller of the Currency at this time was John Skelton Williams. He served under fellow Virginian, President Woodrow Wilson, from 1914 to 1921. On December 23, 1913, President Wilson signed into law the Federal Reserve Act which eventually transformed the American monetary system. BEP Director Ralph was assigned the task of designing and producing the new Federal Reserve Notes. During the next year various prototypes were produced until a standardized design was finalized in the autumn of 1914. A small quantity of proof examples were produced as a part of the design process. These proofs were printed from the actual paper money plates onto card stock. The Treasury Seal and the all zero seven-digit serial numbers were glued on by hand at the BEP. The Treasury Department wanted FRNs of the Richmond Federal Reserve District printed first since this was the district that included Washington, DC. Therefore the Proofs to be awarded to various dignitaries were also from the Richmond district. The reason for the Apparent grade is cited as "Paper Toned." This marvelous item is destined for a major collection, or one in the making.

    Ex: Eric P. Newman Numismatic Education Society.




    View all of [Selections From The Eric. P. Newman Collection, Part VI b. ]

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    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 16
    Lot Tracking Activity: N/A
    Page Views: 502

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    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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