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    Description

    Rare and Important Fr. 376 $50 "Seward" Note
    A Very Appealing Example - Ex: Amon Carter & Herman Halpern

    Fr. 376 $50 1891 Treasury Note PMG Very Fine 25.
    A rare and important major Federal currency type. There were no $50 1890 series Treasury Notes issued (though an essay of the back is known). The only $50 Treasury Notes were issued in 1891 with William Seward's portrait at the bottom center as engraved by Charles Schlecht. The small red treasury seal is at the right. Like other 1891 notes, the green back design is "open style" with generous white space clearly showing the color fibers in the paper. There are less than 25 examples confirmed, and six of those are held by museums; thus, not available to collectors. This modestly worn note boasts the elite Amon Carter pedigree. Its last auction record was Stack's Herman Halpern Collection sale, March 17, 1993, lot 290. Unlike some of the circulated notes offered in the past decade which were repaired or had damage, this is a problem-free, vibrant example with the appearance of a higher-grade note. Vastly superior to the one we sold in our January 2018 FUN auction for $67,200. That note was graded PMG Fine 12 Net with substantial restoration noted. It is also much brighter than the example we sold in January 2014 for $76,275 in PMG Very Fine 25 noted with ink. Comparing this Treasury Note to those cited above, the present example appears conservatively graded on eye-appeal. We certainly believe this prize single-number Friedberg type is worthy of approaching or exceeding six-figures.
    From The Mike Coltrane Collection.




    Auction Info

    Auction Dates
    November, 2020
    4th-5th Wednesday-Thursday
    Bids + Registered Phone Bidders: 26
    Lot Tracking Activity: N/A
    Page Views: 821

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