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    Description

    Extremely Rare Fr. 203 $50 Two-Year Interest Bearing Note
    Ex: Anderson-Bass-Schermerhorn

    Fr. 203 $50 1863 Interest Bearing Note PMG Very Fine 30.
    One of the highlights of our offerings from the Michael Coltrane collection last year, this Friedberg type always garners attention when it is cataloged for sale. Eight examples are currently documented in Track & Price; one of those is in the Smithsonian. The present piece is tied for finest graded by PMG, and no higher-graded examples have been certified by PCGS. Along with its famous pedigree of Joel Anderson, Harry Bass, and Robert F. Schermerhorn, it is the Whitman Encyclopedia plate note illustrated on page 546.
    It was printed from plates engraved by the American Bank Note Company, New York with a suite of female allegorical vignettes forming a lovely layout. At the center, Justice with Shield (as also used on 3rd Issue 50 cents Fractional Currency) engraved by Charles Burt is featured. The lower left displays Caduceus as originally sketched by John W. Casilear. The right end shows Loyalty engraved by Charles Burt. UNITED STATES arcs above, and FIFTY / DOLLARS and the obligation are across the center. The red Treasury seal and serial number are at upper right and the stamped red (issue) date is at bottom center. On the ornate green back is an oval cartouche containing the "Legal Tender..." obligation at the top and "Counterfeiting ..." clause below.
    Aside from this attractive piece, we have cataloged only two other examples, both in 2005. The uncertified "Very Fine-Extremely Fine with edge restorations" example we sold in our May 2005 Jim O'Neal sale (serial 20575) realized $37,375 and has had no auction appearances since. The other example we sold in our February 2005 Taylor Family Collection sale for $29,900 "Very Fine," had once been part of the Frank Levitan collection sold in 1998. The current offering is an impressive piece, housed in a comment-free holder, that fetched $96,000 last year.




    Auction Info

    Auction Dates
    October, 2021
    6th-8th Wednesday-Friday
    Bids + Registered Phone Bidders: 28
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