Description

    Lovely 1869 Rainbow Fifty

    Fr. 151 $50 1869 Legal Tender Very Fine-Extremely Fine. This note is an old friend that we have handled on three previous occasions. When we last sold it, in September of 1997, it was described, "This is one of this cataloger's personal favorite pieces, and this is now the third time we have been privileged to handle it. It was most recently from our sale of the Jerry Sternberg Collection, and Jerry acquired it out of our 1994 Memphis sale of the Randy Haynie Collection. We described it both times, 'A technically accurate but highly misleading grade, as the note appears to be closer to New than Very Fine when either side is looked at by the casual viewer. Viewed in reflected light, quite a number of folds can be seen, but all are light, with none breaking the ink or paper surfaces. Forty-seven pieces are known for this type, and fourteen of those are in government or museum hands. Only seven notes, including several permanently off the market, are reported to be higher-grade than this piece. The margins are excellent, and the colors, which earned this note its place in the Rainbow series, are fully bright and beautiful. There is not a hint of a repair or restoration of any kind. Even when candled (viewed with the light source passing through it), none of the folds are heavy enough to be seen as dark lines. It seems inconsistent to grade a note VF-XF and then to say it would not look out of place in an uncirculated set, but this is just such a note.' " It's a pleasure to handle this important and extremely beautiful note again, and we would expect this one-number type to now easily realize . . . Est. 40,000up

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    Auction Dates
    September, 2001
    20th-21st Thursday-Friday
    Bids + Registered Phone Bidders: 0
    Lot Tracking Activity: N/A
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