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    Rare and Attractive $50 Minneapolis Red Seal FRN

    Fr. 1020b $50 1914 Red Seal Federal Reserve Note PMG Choice Very Fine 35.
    In 1991, it required vision to buy high-denomination Federal Reserve Notes at auction; they were not appreciated then as they are now. This is a lovely $50 red seal that has been off the market for 30 years. There are less than 300 $50 red seal Federal Reserve Notes known from all districts combined, and this is an attractive example. The faces feature the portrait of U. S. Grant engraved by John Eissler. The back (the same as used on the $50 Fr. 831 St. Louis FRBN) features the titled female allegory Panama (the Panama Canal opened in 1914). Evoking images of Venus, she is supported above the ocean by a structure with dolphin motifs. A lush, tropical scene is just behind her, and shipping scenes are on each end. All $50 red seal FRNs are difficult to obtain, and Track & Price reports 20 of these Minneapolis $50 notes. There is a Choice Uncirculated 63 piece reported, but this example is close to the top of the condition census. The colors are very vivid on this lightly tri-folded note, and it is framed very well on both sides. Ex: Stack's, March 12, 1991 sale, lot 1942 (realized $302.50). This handsome note will be ideal for a specialist or find a new home in a choice type set.
    From The Mike Coltrane Collection.

    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 43
    Lot Tracking Activity: N/A
    Page Views: 343

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