Skip to main content
Go to accessibility notice


    Serial Number One Friedberg 2 - One of Only Four Known Serial Number One Demand Notes

    Fr. 2 $5 1861 Demand Note PCGS Fine 12.
    The first auction appearance of this wonderful Serial Number One Demand Note was in the September 1972 Bill Donlon sale. It reappeared in the mid-70s at a Bowers & Ruddy sale and then again in 1990 in New York City auction where it realized $5,280. We believe Dean acquired it at that sale. There are only four known Serial Number One Demand Notes for all denominations and districts combined. We have sold only a single example, the Fr. 1 Serial Number One note in our 2005 Long Beach auction, a raw VG example with serious problems. That note brought $6,900. This note has been graded Fine 12 by PCGS, which we consider exactly accurate. They have commented, "Small Edge Nicks, Splits, and Tears; Minor Internal Splits." The note is completely natural and free of repairs or restorations of any kind. The colors are excellent and both of the treasury clerks' signatures are dark and legible. A great and rare opportunity for the serious collector.
    From the Dean Oakes Serial Number 1 Collection

    View all of [The Dean Oakes Serial Number 1 Collection ]

    Auction Info

    Auction Dates
    Apr-May, 2018
    25th-1st Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 589

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 41 days left to consign to the 2020 July 11 - 13 HKINF World Paper Money Signature Auction - Hong Kong!

    Learn about consigning with us

    Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.
    Mohammed J.,
    Durban, KZ
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search