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    Description

    Choice and Rare $10 Fr. TN-13a Right-End Text Type
    Ex: Anderson Collection

    United States - Act of February 24, 1815 $10 Treasury Note Hessler X83Cvar, Fr. TN-13a. Double-Signature Remainder. PMG Choice Very Fine 35 EPQ.
    The most frequently encountered February 24, 1815, denominations are $10 notes. There are several variations (including the unique triple-signature, fully issued note in this sale) and two distinct plate types. This has the " ... in payment of duties taxes & public lands" clause as used on the three earlier acts at the right end. At some point, this clause was removed from the plate and TEN DOLLARS was substituted within the cartouche similar in a style similar to the $5, $20, and $50 notes. This distinctive plate type is unlisted in Hessler (1988), but is recorded in Friedberg. A beautiful example of this rare double-signature remainder and an interesting type. The signature combination on this Fr. TN-13a is Clarke and Fox, the only example observed with this combination.

    Engraved and printed by Murray, Draper, Fairman & Co. in Philadelphia, uniface on red and blue fiber UNITED STATES watermarked bond paper. The size and style are similar to the previous denomination. The Federal eagle at the upper left has wings upraised, with its left wing higher. A shield rests on its breast, and it has an olive branch intertwined with greenery in its right talon and three arrows in its left. There is a ribbon with E PLURIBUS UNUM in its beak, and the radiant sun is behind. Intricate pattern engraving appears on all four sides. The left end panel contains the white-on-black textual denomination; the right end panel has an inset rectangular cartouche with the full "Receivable everywhere by the United States / in payment of duties taxes & public lands" clause. There is an engraved March 25, 1815, date. 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.

    This plate position "A" note is sharply signed by Samuel Clarke and Edward Fox and unsigned by the Register. Others on the census are signed by McGearey and Biddle. A well-balanced, gorgeous note that has a higher-grade appearance. The natural paper and a cluster of blue fibers below the Fox signatures makes this note distinctive. Handling folds are seen from the blank back, and seen lightly on the face. This is superior to most observed by us including Mike's other example (PMG Very Fine 30). Catalogers have always considered these much scarcer than the Fr. TN-14a (with the textual denomination instead of the receivable text) type. We estimate that less than 10 are known, and we have never encountered an Uncirculated Fr. TN-13a. The two Coltrane Collection notes are the first we have cataloged (Mike's duplicate was sold in the first Coltrane sale for $11,400). The Boyd Collection had only one lesser-grade example. Ex: March 2019 ANA Sale, lot 3026; Joel Anderson Collection. An important type and essential for a comprehensive collection of War of 1812 Treasury Notes. The unusual signature combination adds to its allure.
    From The Mike Coltrane Collection.


    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 14
    Lot Tracking Activity: N/A
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