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    Scarce and Choice Fr. 781 $5 Boston FRBN

    Fr. 781 $5 1918 Federal Reserve Bank Note PMG Choice Very Fine 35.
    Although $5 Federal Reserve Bank Notes were initially issued in 1915 for some branches, most are 1918 series notes. Eleven of the 12 Federal Reserve Bank locations issued $5 FRBN notes (Richmond did not). The face features Charles Burt's iconic Lincoln portrait at the left along with a blue treasury seal and serial numbers. The ornate green back uses two retouched historical vignettes from earlier Federal types. At the left is Columbus' Discovery of Land, and at the right is the Landing of the Pilgrims. The bottom obligation differs significantly from the Federal Reserve Notes which share this general back design. A scarce $5 Boston FRBN, the only signature combination in fact, with Teehee-Burke and Bullen-Morss pairings. Track & Price reports 41 notes, and this is the lowest number listed (recorded long ago based on its grade). Only one is in Uncirculated grade, an uncertified note sold in Stack's March 1991 sale as lot 1824. This is a tough note to obtain, and sometimes there are years-long gaps between auction appearances. Mike bought this in July 1990, and it is certified for the first time. A hard vertical center crease is seen from the vibrant green back. From the face, the appearance is striking. With balanced margins and strong color, it looks at least a grade higher. Superior to the PMG Very Fine 30 note we sold for $1,920 in September 2018.One of the finer known examples.
    From The Mike Coltrane Collection.

    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 37
    Lot Tracking Activity: N/A
    Page Views: 180

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