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    Evenly Circulated and Problem Free PMG Choice Very Fine 35 $5 Demand Note

    Fr. 1 $5 1861 Demand Note PMG Choice Very Fine 35.
    This note first surfaced when we sold the Malcolm Trask holdings back in 2005. Mr. Trask was a pioneer in collecting paper money, having obtained all of his notes from the late 1940's through about 1963. We noted then, "Beautifully margined for a Demand Note, and like almost everything from the Trask Collection, totally without problems or repairs of any kind. It is a well signed, bright, and extremely attractive note of a type that this cataloger has always considered highly undervalued." At that sale, it realized over $3,600. We resold three years later as part of the Peter Gamble collection, where the price this time almost tripled to $9,200. As the true rarity of higher grade problem-free Demand Notes becomes more fully apparent with the records published by the two major grading services, we are confident of an even higher realization some seven years later.

    Auction Info

    Auction Dates
    January, 2015
    7th-12th Wednesday-Monday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 1,276

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