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    Description

    Rare and Lowest Reported Serial Number Fr. 61 $5 Legal

    Fr. 61 $5 1862 Legal Tender PMG Fine 12.
    In effect, "No Series" Legal Tender Notes are the Series 1 of the 72 series that were printed. Notes were numbered from 1 through 100,000 and then back to 1 again. To distinguish among serial number runs, notes were marked "Series 2," "Series 3," etc., each time a new run of 100,000 was begun. However, the first run of 100,000 was not marked, hence the existence of this "No Series" Fr. 61. There were only 100,000 notes printed of this rarely encountered type. The design is unequivocally gorgeous with the Freedom statue at the far left, initially used on the $5 Demand Notes and earlier Obsolete banknotes, and Hamilton at the lower right. The green security protector across the center is beautifully balanced below the arched Gothic UNITED STATES. Track & Price reports 42 notes in all grades. This is currently the lowest reported serial number (14), which adds to its allure. PMG cites some minor edge repairs as "Restoration." For the grade, this circulated note has bright paper and attractive color. Ex: our 2018 Long Beach sale, lot 21310; LKCA, March 2014 sale, lot 1719.
    From The Mike Coltrane Collection.


    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 14
    Lot Tracking Activity: N/A
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