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    Popular 1869 $50 Rainbow

    Fr. 151 $50 1869 Legal Tender PMG Very Fine 20.
    This is a new addition to the Track & Price census that now raises the count for this popular type note to 68 pieces extant. That number includes pieces that have been reported by serial number, but never offered at auction. It could very well include a few contemporary counterfeits which were some of the best of their time and continue to fool census takers if not carefully examined. Despite the PMG comments, "Minor Restoration," this note displays good color, even margins and faces up quite nicely for the grade. The portrait at the lower right of the note is that of Henry Clay. Clay was the thrice unsuccessful perennial presidential candidate between 1824 and 1844. He had also served as Secretary of State under John Quincy Adams in the late 1820s. The market typically responds well to a newcomer and this handsome piece will likely end near...

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    Auction Dates
    August, 2017
    3rd Thursday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 562

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