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    Rare Fr. TN-14a $10 Double-Signature Remainder

    United States - Act of February 24, 1815 $10 Treasury Note. Hessler X83C, Fr. TN-14a. Double-Signature Remainder. PMG Very Fine 20.
    An individual double-signature $10 Fr. TN-14a that would be an ideal series representative note. There are approximately two dozen examples known. Mike acquired this in 2000 Memphis auction, but upgraded it significantly later.

    Like other notes in the series, engraved and printed by Murray, Draper, Fairman & Co. in Philadelphia. This note is uniface on blue and red fiber UNITED STATES watermarked bond paper in a size and style similar to the prior proof. The Federal eagle at the upper left has its left wing raised higher than its right; in its right talon are an olive branch intertwined with greenery, and in its left are three arrows. A shield rests on its breast, a ribbon with E PLURIBUS UNUM is in its beak, and the radiant sun is behind. Intricate pattern engraving appears on all four sides, and white-on-black textual denominations are at each end. Engraved March 25, 1815. The obligation across the center states, "The UNITED STATES promise to receive this Note for TEN dollars in all payments to them; or to fund the amount at seven per cent. interest ... " Engraved lines designate signature positions: at lower left for the "Register of the Treasury" and at lower right for the two "In behalf of the United States" signers. A short line is at the top for the serial number, but there is no payee or payable location line as used on prior acts. The clause "Receivable everywhere by the United States in payment of duties taxes & public lands" has been replaced by the textual denomination.

    This plate position H note was signed by Samuel Clarke and Edward Fox at the right end, but lacks the final signature of the Register at the left. Paper originality is present with long color fibers visible. There is heavy handling for the type with a patch of foxing at the left over "STATES." All the other details are clear. PMG notes this as "Previously Mounted," though not noticed readily. Ex: R. M. Smythe, 2000 Memphis sale, lot 2206 (realized $2,420). Though in lesser condition than many War of 1812 notes, this is a historic and quintessential type that has traditionally been in strong demand in all grades.
    From The Mike Coltrane Collection.

    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 36
    Lot Tracking Activity: N/A
    Page Views: 336

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