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    Description

    Rare and Historic 1815 $50 Fully Signed and Cancelled Treasury Note

    TN-11b Hessler X83E $50 Act of February 24, 1815 Full Signatures Hole Punch Cancelled Remainder PMG Extremely Fine 40.
    The 1815 "War of 1812" era United States Treasury notes have increased in popularity considerably in the past decade and their corresponding prices realized have escalated greatly. There is only one triple signed, fully issued and uncancelled War of 1812 Treasury Note, the $3 note of this act sold at Ford Part VI in October 2004 initially and later sold by us for $74,750 in May 2005. However, these are still very collectible and quite affordable considering their history and scarcity. Like the other notes from the series, engraved and printed by Murray, Draper, Fairman & Co. on watermarked UNITED STATES bond paper with color security threads. This is the Plate A, top of sheet, example. At the upper right is an eagle over the obligation, a sunburst in the background with an arced FIFTY in the rays. Intricate MDF end panels have FIFTY DOLLARS in the cartouches. The obligation is across and the engraved date is at top center, with 7% interest bearing noted. A rare type, known only hole-cancelled with the triple signatures. Our experience would place the amount known to collectors as fifteen to thirty examples in all grades. With the exception of the Newman note that sold in April 2015 (for $12,925 in PCGS 45PPQ), we have not auctioned another example since 2005. This cancelled piece faces up really nice and has only some previous mounting noted by PMG on the blank back. This is certainly worthy of flirting with or exceeding a low five-figure result.


    Auction Info

    Auction Dates
    January, 2019
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 269

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