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    Rarely Offered Fr. 54

    Fr. 54 $2 1880 Legal Tender PMG Choice Extremely Fine 45 EPQ.
    When we sold this note as part of Tom Flynn's Collection in April 2008, we used this description: "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 is a solid Choice Extremely Fine 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 $9,775. This note, falling right in between them, will likely realize a price right in between." PMG to this date has graded only two Fr. 54's above the level of this gorgeous EF 45 EPQ. The full Track & Price census for this number stands at 21.
    From The Greensboro Collection

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    Auction Dates
    January, 2013
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 508

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