Description

    Fr. 70 $5 1880 Legal Tender Note Choice New. Fr. 70 is one of the real sleeper rarities in U.S. Currency. Only about 20 examples are known and until now there was not a single uncirculated piece among them, and only two that graded as high as About New. This piece is absolutely uncirculated and as such it is distinctly the finest known. Equally important is the fact that the note is 100% original with incredibly deep immediately evident embossing. The ink colors are bold, the margins are unusually large all the way around and the note is a Superb Gem but for two minor faults. First, there is a small brown spot in the right margin of the back and second, the paper has acquired a light mellow tone. Both of these flaws are easily reversible and the result would be a Superb piece that lacked its paper originality. We are pleased that this option has not yet been chosen as on the single known uncirculated example, as we personally value the strict originality far over the potentially brighter paper. In any event CAA has handled nine Fr. 70's, the best of which graded Very Fine and realized $6,600 in May of 2000. With the appearance of this note some lucky collector who is attempting to acquire a full set of uncirculated Legal Tender fives will now have the first opportunity ever to add a Fr. 70.

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    Auction Dates
    January, 2002
    10th-12th Thursday-Saturday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 169
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