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    Classically Rare Fr. 49 One of Only Eighteen Known

    Fr. 49 $2 1878 Legal Tender PCGS Very Fine 20.
    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 is 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." One of the classic large size rarities with a total of only 18 pieces listed in Track & Price, the highest graded example at either service is a PMG 45 which has never been auctioned publicly. PCGS has graded two VF 20s, this being one of them, with nothing higher. We sold a PMG 25 in April 2008 for $32,200 and another auction company sold a PMG 30 in 2007 for $38,000. The most recent auction record is a PMG 30 that we sold last Spring for $18,000. We would expect this very respectable, problem-free VF 20 to do just about the same.
    From The Greensboro Collection Part III

    View all of [The Greensboro Collection Part III ]

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    Auction Info

    Auction Dates
    January, 2014
    8th-13th Wednesday-Monday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 485

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