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    Description

    The Only Uncirculated Fr. 1013b From Either Service

    Fr. 1013b $50 1914 Red Seal Federal Reserve Note PMG Choice Uncirculated 64 EPQ.
    "Red Seal $50 Federal Reserve Notes were printed for all twelve of the Federal Reserve District Banks. The number printed was paltry, one twelfth of the number of Blue Seals printed for the Cleveland district alone. Current census numbers indicate no more than 18 $50 Red Seal examples are known from any of the 22 Friedberg numbers that cover the type. With so few pieces known, it is no surprise that there are so few high grade examples. This specimen is one of only four examples for the type graded Uncirculated or better by PMG and PCGS. It is a point finer than the St. Louis district example sold for $69,000 in the Tom Flynn Collection, and it boasts the coveted 'Exceptional Paper Quality' comment from PMG (which was lacking on the Flynn specimen) as well. Four healthy margins frame the face, while the colors are easily those of a fully Gem example. We would not be at all surprised to see the record set at the Flynn Collection offering shattered here, perhaps by a considerable sum." We used that description when we sold this note at our September 2008 Long Beach Auction. At that auction, it realized over $70,000, a number that is out of reach on the current market. This remains the finest graded at either service by a huge margin. PMG has graded this lone 64 with its closest rival a VF 35. PCGS has not graded a single Uncirculated example.
    From The Greensboro Collection Part II




    View all of [The Greensboro Collection Part II ]

    Auction Info

    Auction Dates
    April, 2013
    24th-28th Wednesday-Sunday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 759

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