Description

    Newly Discovered Fr. 163 - One of Seven Known

    Fr. 163 $50 1880 Legal Tender PMG Very Fine 30 Net.
    Large denomination notes were out of the grasp of most of the public, this note representing almost a month and a half of an average person's salary when it was issued. Far fewer of these denominations were needed in circulation, and the print runs were comparatively small. Ten Friedberg numbers make up the different signature combinations and seal varieties for the Series 1880 $50 Legal Tender notes. Fr. 163, which features the signatures of Blanche K. Bruce and Ellis H. Roberts, was issued in the smallest quantity - just 28,000 notes. Their tenure together lasted less than four months between December 1897 and March of 1898, leaving only a small issuing window. With the discovery of this example, there are just seven known pieces with two permanently impounded in Federal collections. Auction appearances are rare, with just three notes offered in the last 20-plus years. The most recent comparable price would be a PMG Fine 12 that we offered in our January 2013 FUN Signature Auction. That piece topped the $35,000 mark. This example is evenly circulated with no single fold distracting from the eye appeal or disrupting the paper. A tiny restoration is noted and was executed by an experienced professional.




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    Auction Dates
    August, 2015
    13th Thursday
    Bids + Registered Phone Bidders: 2
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