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    Description

    PMG 50 1869 Rainbow Fifty

    Fr. 151 $50 1869 Legal Tender PMG About Uncirculated 50. Sixty-two examples are known of this Rainbow Fifty - only three of which are graded higher than this handsome AU. PMG has not graded any Rainbow $50s above the AU level, and only three pieces at that level. This one is unsurpassed for eye appeal. The margins are broad and quite even, the back centering is perfect and the colors are bright and bold. The Dauers have used this note as their illustration for the type and photographed both sides on page 107. The portrait at the lower right of the note is that of Henry Clay. Clay was the thrice unsuccessful perennial presidential candidate between 1824 and 1844. He had also served as Secretary of State under John Quincy Adams in the late 1820s. The record auction price for a Friedberg 151 is $184,000 which we set in our Taylor Family Sale in February of 2005. This piece lacks the technical grade of that example, but it certainly is comparable in appearance - if not a touch nicer. We would not be at all surprised to see this spectacular-looking piece approach the six-figure mark.
    From The Dr. Edward & Joanne Dauer Collection




    View all of [The Dr. Edward and Joanne Dauer Collection ]

    Auction Info

    Auction Dates
    September, 2007
    26th-28th Wednesday-Friday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 5,761

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