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    Description

    Extremely Rare Act of February 24, 1815 $10 Proof
    The Last Available from the Collection

    United States - Act of February 24, 1815 $10 Treasury Note. Hessler X83C, Fr. TN-14p. Proof. PMG Choice Uncirculated 64.
    The final impressive $10 proof that was once part of Mike's inspired purchase of proof multiples. Though other bond paper $10 notes are encountered, proofs are an extreme rarity. An important offering and a choice condition proof impression. Like the other two $10 proofs, formerly part of a three-note partial sheet sold as lot 2207 in the Smythe & Co. 2000 Memphis sale. Offered individually from the Coltrane Collection for the first time, this now the final $10 available from this important collection.

    As the last, an India paper proof, on original card, engraved and printed by Murray, Draper, Fairman & Co. Common to all the War of 1812 proofs, small punch-hole cancels are in the three signature areas as prepared at the printer. Size and style are similar to the previous $10 Fr. TN-13a and $5 TN-14 notes. A Federal eagle is at the upper left with its left wing raised higher than its right; in its right talon is 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" engraved on the three prior acts and Fr. TN-13a at the right end has been replaced by the textual denomination.

    A central plate position G impression from its former four-subject proof sheet (E-F-G-H). This is another deeply inked proof boldly printed upon bright white India paper. Full margins are at the top and both sides and the top and bottom are cut straight. There is no printing weakness; the inking is exceptional. The back exhibits some ghosting from a former mount at the sides and bottom. This proof projects strongly, but the assigned grade is discounted slightly due to some faint foxing observed more so when the note is held in raking light. Its rarity and beauty are unquestioned, and it is the last available $10 proof from the collection.
    From The Mike Coltrane Collection.


    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 18
    Lot Tracking Activity: N/A
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