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    Very Rare and Important Fr. 150 1863 $50 Legal Tender

    Fr. 150 $50 1863 Legal Tender PMG Very Fine 20.
    The $50 1862-1863 Legal Tender design types are perhaps overshadowed by their companion $100 "Spread Eagle" notes; however, those are rarely offered. The National Bank Note Co. plates exemplify their finest craftsmanship on this type. The right-facing profile portrait of Alexander Hamilton bisects the curving UNITED STATES title, which lends a dynamic appearance. The red treasury seal occupies a prominent place just below the title's end. Two intricate Cyrus Durand-patented 50 dies with overlapped scallops swirl at each end. In green are the spectacular tint plate framing the note, the imprint at the top, and a micro-lettered and -numbered guilloche. The second obligation is at the center of the equally intricate back. There were 32,000 notes printed. New Series 1, face plate 1. Eleven examples are listed on Track & Price, seven of which are high-grade pieces from the133- serial number range; four are consecutive, ranging from 13313 to 13316. This pleasing Fr.150 is the only listed mid-grade example, and it will be perfect for any Federal note collection. PMG notes "Minor Restorations," common to many early Federal notes. However, we stress the word "minor," as this note is full and has wide margins, perfect centering, and sharp colors. Overall, it is exceptionally appealing. Ex: LKCA, 2015 Memphis sale, lot 2341 (realized $52,875; erroneously labeled holder by PCGS as "Fr.150b"). The vast majority of Fr. 150 notes sold in the past few years have broken the $100,000 mark with ease, making this an important opportunity at a more affordable level.
    From The Mike Coltrane Collection.

    Estimate: $40,000 - $60,000.

    Auction Info

    Proxy Bidding Ends
    24th Thursday 4:50 pm CT
    Auction Dates
    24th-25th Thursday-Friday
    Proxy Bidding Time Remaining
    1 Day 23h 16m 25s
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: 29
    Page Views: 519

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    This lot is in: 1 - Heritage Signature® Auctions Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
    (Lots 20001-20212) - 5:00 PM Central Time, Thursday, June 24, 2021.
    (Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 7 days before the live session begins and continues through the session.)

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    Additional Location Info:
    Heritage Auctions
    2801 W. Airport Freeway
    Dallas, TX 75261

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