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    Description

    Likely Finest Known Rainbow Fifty - Fr-151

    Fr. 151 $50 1869 CGA Gem Uncirculated 65. Fr. 151 is a one number type that has always been a challenge to locate in any grade and a major rarity about Very Fine. CAA has sold only eight examples in our thirty sales, the nicest of which has graded just under Extremely Fine. The total census is just about fifty pieces, over a dozen of which are permanently impounded in museum or government hands. Four notes are reported to grade uncirculated: one in the ANA museum, another off the market since 1991, and a third which was sold in December of 1998 for $93,500. This is the fourth uncirculated note in the census and it is reaching the auction block for the first time. It initially appeared on a Dean Oakes price list in 1978, again on a Kagin fixed price list in June of 1979, and then was off the market for over twenty years. This particular example is printed on the same paper that was used for Fourth Issue fractional currency. The paper has the blue security stain and the linked repetitive USUSUSUS watermark. This note is beautifully margined with ideal centering on both sides and incredible eye appeal. The eye appeal comes in large part from the full brilliance of the ink color as well as the fresh original paper color. This great rarity has the look of a note that was just printed, and it certainly is well in the running for the finest known.

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    Auction Info

    Auction Dates
    May, 2002
    17th-18th Friday-Saturday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 411
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