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    Description

    Emperor I 50¢ Note PCGS VF 25

    San Francisco, CA- Imperial Government of Norton I 50¢ March 10, 1879
    A simply gorgeous example of the non-printer's imprint variety of this much beloved issuer. This example is adorned with serial number 2890. It exhibits bold penmanship by Norton I as he signed this note in his customary way as "Norton I Emperor." Also, this note has an added "Emp Norton" endorsement on the back. Norton I notes were actually bonds and were payable in 1880 at five per-cent interest or they were convertible into 20 years five per cent bonds or payable in gold coin. It is a good thing that Norton died on January 8, 1880 as many of the holders of his notes might have wanted some form of payment during that year. This piece grades PCGS Very Fine 25 and the folds show the originality of this example. Norton I notes are regularly five figure items in the VF grade range at auction and we have seen them top $18,000 within the last eight years. Somebody along the way pencilled "Valuable" on the back and they sure were right. This may be why this note has survived so long. With all of the above in mind, we feel that a fair estimate for this nice example of California history is...


    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 390

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