LOT #21535 |
Sold on Jan 13, 2023 for: Sign-in
or Join (free & quick)
Fr. 831 $50 1918 Federal Reserve Bank Note PMG Extremely Fine 40 EPQ.. ...
Click the image to load the highest resolution version.
Description
Only Friedberg Number For Type
Fr. 831 $50 1918 Federal Reserve Bank Note PMG Extremely Fine 40
EPQ.St. Louis was the only district to issue these rare $50 FRBNs which is an essential Federal large size type note for many collectors. Only 4,000 were issued and not a single Federal Reserve Bank issued a Series 1918 $100 FRBN. Most of the examples of this number are found in high grades of Extremely Fine and above. This tells us that the rarity of this note was recognized early on and examples were plucked from circulation shortly after they were issued. The Track & Price census of 53 notes is somewhat misleading because most collectors will hold onto this highly in demand large size key for years. Also, this population figure has not changed since at least 2006 and has only increased by three since at least 1994. Seven of the 53 are locked away in the collections of the Federal Reserve Banks of Richmond, Chicago, St. Louis, Dallas, the Smithsonian Institution (2), and the ANA. The example in this lot has serial number H153A plate letter A, and was once owned by Wayte Raymond. It did not resurface until it appeared at auction in 1990, and next it was listed on a fixed price list later on that year. Now, it is making its only second auction appearance. This EPQ example exhibits natural paper wave and excellent color. The last example that we auctioned was a PMG 45 without EPQ and it realized $33,600 in May 2022. Our current offering is five grade points less, but it has earned the EPQ grade modifier. Due to the EPQ grade modifier, this slightly less graded piece has a good chance of surpassing our earlier result from last May.
From the Dr. Paul Balter Collection
View all of [The Dr. Paul Balter Collection ]
Auction Info
2023 January 11 - 13 FUN Currency Signature® Auction #3591 (go to Auction Home page)
Auction Dates
January, 2023
11th-13th
Wednesday-Friday
Bids + Registered Phone Bidders: 6
Lot Tracking Activity: N/A
Page Views: 278
Buyer's Premium per Lot:
20% of the successful bid per lot.
Shipping, Taxes, Terms and Bidding
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | Currency Grading Tutorial
Important information concerning Sales Tax and Resale Certificates. Learn More
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | Currency Grading Tutorial