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Fr. 148 $50 1862 Legal Tender PCGS Very Fine 30.. ...
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Sold on Apr 27, 2018 for:
$78,000.00
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Description
1862 $50 Hamilton Legal Tender
Fr. 148 $50 1862 Legal Tender PCGS Very Fine 30.The consistency in quality and eye appeal is a feat that took Chambliss decades to accomplish. We have yet to see as evenly a matched pair of $50 and $100 Legal Tenders as the pair offered here this evening. They are exceptionally rare in grades above Fine, with this perhaps the second finest of the Friedberg number ever offered at auction. Even so, it is just as nice in terms of eye appeal as the Extremely Fine (the finest offered) that we sold more than a decade ago.
Alexander Hamilton's portrait was used for the design with UNITED and STATES flanking each side rising from left to right. The lathework is extensive both on front and back, an implement used to thwart counterfeiters. Despite the relatively complex design, counterfeiters still worked to mimic the design. At least three well known counterfeit engravings are known and it was not long before the Bureau of Engraving and Printing was forced to change the design. In all, just over 600,000 examples were printed for the 1862 and 1863 Series. Chambliss estimates around 1 in every 10,000 survived. This note serves as one of the plate notes in The Comprehensive Catalog of U.S. Federal Large-Size Notes, 1861 - 1929 by Chambliss-Hessler.
From the C.R. Chambliss Collection
View all of [The C. R. Chambliss Collection ]
Auction Info
2018 April 25 - May 1 CSNS Currency Signature Auction - Chicago #3563 (go to Auction Home page)
Auction Dates
Apr-May, 2018
25th-1st
Wednesday-Tuesday
Bids + Registered Phone Bidders: 9
Lot Tracking Activity: N/A
Page Views: 2,063
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