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    One of the Finest of the Only 18 Known Fr. 49s

    Fr. 49 $2 1878 Legal Tender PCGS Apparent Very Fine 30.
    "One of the classic rarities of Large Size type, this note, which is new to the Census, raises the number known to 14. 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. 49s 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." That was our description when we sold this note raw in January of 2006. Eight years later the census has gone from 14 to 18. The highest Fr. 49 graded by either service is a 45 at PMG; this Apparent 30 is the highest that PCGS has graded. The PMG 45 is the lone Fr. 49 graded better than VF. The Apparent grade on this note has been assigned for "Edge Restorations" which are indeed present. These are the edge splits which we mentioned in 2006 which have since been closed with moderate skill. Auction results for Fr. 49s have been all over the place and estimating this piece is a challenge. Our best guess is . . .

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    Auction Info

    Auction Dates
    April, 2014
    23rd-28th Wednesday-Monday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 190

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