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    New to the Census Fr. 148 $50 1862 Legal

    Fr. 148 $50 1862 Legal Tender PMG Fine 12 Net. Twenty five examples are known of this rare Fifty. This is the earliest of the $50 Legals bearing the 1862 date and the First Obligation on the back. PMG has noted "Tape Repairs" on the back of their holder, which is almost universally the case for this early type, as the paper used on this first issue of Legal Tender notes was very thin and extremely prone to splitting and cracking. This example has fared far better than most, as we are unable to spot any meaningful repairs. There seems to be just a scattering of small edge splits at the top that have been deftly closed. Fr. 148s are rarely on the market with only nine pieces having been offered at auction in the past ten years. This example is far more handsome than the impression that comes to mind when the Fine 12 grade is mentioned. The colors are surprisingly strong, the margins even, and the overall appearance is one of a far nicer piece than the Fine 12 grade would indicate. The last piece to sell was the Fine 12 Net example from the Dauer collection, which was considerably less nice than this and realized $29,325 when we sold it in September of 2007. Expect this new to the market example, which has been hidden from view as part of the C.A. Dolph and Son collection for the past fifty years, to see bidding reach or exceed...
    From the C.A. Dolph and Son Collection


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    Auction Info

    Auction Dates
    June, 2010
    17th-21st Thursday-Monday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 775

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