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    Excessively Rare Fr. 406a - The Only Example Ever Offered at Public Sale

    Mercer, PA - $5 1875 Fr. 406a The Farmers & Mechanics NB Ch. # 2256
    A great Friedberg number rarity which last appeared in our auction of the Tom Flynn Collection in 2008 where we said: "This excessively rare Friedberg number was not discovered until the mid-1990's and appears to have been issued by this bank only. Although various theories have been advanced as to why this note exists, the only one to make sense is that the bank decided to change its plate layout in 1885 during the one month tenure of Bruce and Jordan, resulting in the engraving of a Series 1875 $5 plate bearing those signatures for this one institution alone. Whatever the reason, the new plate created a major signature rarity." The untrammeled exuberance of 2008 produced a realization of $16,100 that evening for this rarity. The latest edition of the Friedberg catalog lists this number as "Rare" with four examples known but, aside from the Flynn note, none of the other reported specimens have ever appeared at public sale making tonight's repeat performance the only opportunity for today's collectors to add this rare Friedberg number to their holdings. While the market has changed since 2008, this PCGS Apparent Fine 15 rarity should still realize in the range of...
    From The Greensboro Collection Part IV

    View all of [The Greensboro Collection Part IV ]

    Auction Info

    Auction Dates
    September, 2014
    3rd-8th Wednesday-Monday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 389

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