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    Description

    Second June 30, 1812 $100 5-2/5% Treasury Note
    Plate A Position

    United States - Act of June 30, 1812 $100 5-2/5% Treasury Note. Hessler X69A, Fr. TN-2. Unsigned Remainder. PMG About Uncirculated 50.
    A second June 3, 1812, $100 and a tremendous opportunity. This is the final $100 from the series available from this magnificent collection, and it may be years before another example appears for sale.

    The style and design are as previous. Engraved and printed for the Federal government by Murray, Draper, Fairman & Co. in Philadelphia. A uniface large format note, it is similar in size to period drafts and larger than concurrently circulating private banknotes. Originally this was part of a two-subject (positions A-B) engraved copperplate printing on bond paper with red and blue silk fibers. At the upper right, an eagle with upraised wings is in flight; it carries an olive branch intertwined with greenery (right talon) and three arrows (left talon). At bottom center, an American shield stands upright amid flags and weaponry. Intricate side bordering, in a style similar to notes from the Second Bank of the United States, contains texts. In the center are the required obligations. Engraved lines designate spaces for the following: in the upper half, the serial number, date (in two forms), payee, and payment location; at the bottom, the signatures, one for "Com'r of Loans" at the left, and two for "in behalf of the U. States" signers at the right. In the right border, the oval cartouche displays the " ... duties taxes and Public lands" clause. The lower left shows the interest amounts payable per day, month, and year. The Friedberg catalog reports 15,000 $100 notes were printed, but no issued pieces survive today. This plate position "A" example was the top of the two-subject sheet and has three full sheet margins, widest at the top and left, and narrower at the right.

    Another fresh and original unsigned remainder note, as printed, and with readily visible color threads. Ex: Stack's, Ford Part VI sale, part of lot 377; previously from Julian Blanchard, September 19, 1955. It is a beautiful example that certainly is nearly on a par with its former "B" position sheet-mate we sold in November 2020 (PMG About Uncirculated 55) for $21,600. An important high-grade American currency note.
    From The Mike Coltrane Collection.




    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 27
    Lot Tracking Activity: N/A
    Page Views: 304

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