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    Description

    Nearly Gem Single-Digit Serial Fr. 347 $1 1890 Treasury Note

    Fr. 347 $1 1890 Treasury Note PMG Choice Uncirculated 64 EPQ.
    This is an exceptional $1 "Ornate Back" boasting A7, the second lowest serial number known of the type; serial A1 is the lowest. The Treasury or Coin Notes (backed by silver reserves and redeemable in coinage) were issued for a brief period of time with the majority out of circulation by 1900. Despite their short tenure, they were issued in two series that were differentiated primarily by their backs. The Fr. 347 face has an extremely attractive layout, with Edwin Stanton pictured at the left and a large brown treasury seal at the right. Notably, the 1890 series notes feature extremely elaborate green backs with a large ONE featured prominently across the center. One of the finer known examples of this type, this is nearly a Gem; there are few graded higher by any service. Earlier catalogers of this note, prior to certification services, often evaluated this note as Gem. Its attributes are many. Bold, perfect colors and exceptional margins are seen on both sides. Auction Pedigrees Include: Stack's Bowers, August 2014 sale, lot 2313 (realized $18,800); Lyn Knight, August 2003 sale, lot 1980 (realized $8,625); our Currency Auctions of America, January 1998 sale, lot 1626 (realized $4,125). Those three auction records show a steady trend of increasing value over time. This sale presents an exceptional opportunity to acquire one of the finest 1890 Stanton notes, with the second lowest serial number, and in superb condition.
    From The Mike Coltrane Collection.


    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 24
    Lot Tracking Activity: N/A
    Page Views: 454

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