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    Very Rare Fr. 54 - One of Only Nineteen Examples Known

    Fr. 54 $2 1880 Legal Tender PMG Choice Extremely Fine 45 EPQ. This number is one of the very rarest of the lower-denomination Legals. Only nineteen examples are listed in the Track & Price census including this note, which is listed there without a known grade. The known grade, as it turns out, places the note far up in the top half of the condition census for the nineteen pieces. It's a solid Choice XF that bears PMG's important "Exceptional Paper Quality," comment. Only two third-party graded 54's have reached the auction market: a PCGS 58, which realized $23,000 in October of 2005, and a PMG 20 which we sold in September of 2007 for $9775. This note, falling right in between them, will likely realize a price right in between.
    From The Thomas M. Flynn Collection

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    Auction Dates
    April, 2008
    16th-18th Wednesday-Friday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
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