Skip to main content
Go to accessibility notice


    Major Design Rarity Face Proof

    Fr. 202a Hessler 945b $50 1861 Interest Bearing Note Face Proof Gem New. This design type is one of the rarest in United States paper money. It is represented by a single signed and issued redeemable example, which we have sold twice, the last time in February 2005 for $368,000. That note, and another issued note, which has been punch cancelled, redeemed and now resides in the Bureau of the Public Debt in Washington DC, are all that are listed in the census of issued notes. Hessler also records three face and back proofs on thin paper in his proof census, but there is no mention of a face proof only example. In fact, we sold Jim O'Neal's dual sided proof example for $25,300 in May 2005. The plate A uniface proof presented here is printed on card stock with a thin card backing, and there are six POCs found in the signature block. This sharply printed and colorful proof of a major rarity will certainly be a highlight for the next collection it enters.
    From the California Proof and Specimen Collection.

    Auction Info

    Auction Dates
    January, 2006
    5th-7th Thursday-Saturday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
    Page Views: 617

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) 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
    Consign to the 2020 July 11 - 13 HKINF World Paper Money Signature Auction - Hong Kong.

    Learn about consigning with us

    I think heritage is the best auction house and has the best service - that’s why I use you. 
    Sara B.,
    Dubai, UAE
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search