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    Strictly Original $50 St. Louis Federal Reserve Bank Note

    Fr. 831 $50 1918 Federal Reserve Bank Note PCGS Extremely Fine 45PPQ.
    A new serial number for the collecting community, as are all the notes from the Eric P. Newman Collection. Friedberg 831 was heralded by William Philpott. He was the secretary of the Texas Bankers Association for 50 years and retired on January 1, 1964. In his prime, Mr. Philpott regularly visited the Dallas Federal Reserve Bank and corresponded with the other eleven for any examples they might come across. These determined actions resulted in several fortunate acquisitions for him, and in turn, later paper money collectors. St. Louis was the sole Federal Reserve Bank to issue the $50 1918 FRBN design, and that comprised only 4,000 notes. The present example has the second lowest serial number of the 54 now known. Unlike so many others of this type, it remains strictly original and utterly problem free. Of the 16 graded by PCGS, only this note and one other earned the PPQ designation. Our most recent sale of a comparable note was a PCGS Extremely Fine 45, not PPQ, which we auctioned in January of 2013 for $21,150.

    Ex: Eric P. Newman Numismatic Education Society.

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

    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: N/A
    Page Views: 539

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    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.
    Sold on Apr 23, 2015 for: Sign-in or Join (free & quick)
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