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    Very Rare Fr. 49 - One of Sixteen Known

    Fr. 49 $2 1878 Legal Tender Fine-Very Fine. Last appearing in our September 2007 auction, the note was described, "One of the classic rarities of Large Size Type, this note, which is new to the census, raises the number known to 16. It's the first example that Heritage-CAA has sold, and only the third that CAA has handled in its 15 year history. The note appears to have never circulated, but it has three storage folds that are heavy enough to preclude the XF grade. Each of the folds is lightly split at the end. The note is decently margined, with bright ink colors, and good visual appeal. The right-hand side of the back is a bit aged as it apparently was the part exposed during storage. When Fr. 49's are sought, one cannot be particularly fussy. The opportunity to buy this number almost never occurs, and this one, while not a beauty, is certainly a respectable piece." A PMG 30 realized $38,000 in March and a PCGS 25 realized just over $16,000 in October of 2005. This note is not in a class with either of those, but it should certainly hit the five-figure mark.

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    Auction Dates
    April, 2008
    16th-18th Wednesday-Friday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 261

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