Fr. 157. 1880 $50 Legal Tender Note. PMG Fine 12. A representative of a scarce Friedberg with just 11 examples known and recorded by the likes of Track & Price. However, such a figure belies deception as two of those are held by institutional collections at the Smithsonian and the Federal Reserve Bank of San Francisco and forever out of the hands of appreciative collectors. Featuring the aforementioned portrait of Benjamin Franklin opposite that of Columbia, the Fr. 157 is just one of two Friedbergs (aside from the Fr. 158) out of this long-lived series and denomination to feature a rounded red Treasury Seal. Just 20 examples are recorded between both Friedbergs with appearances at public auction that are cyclical at best. pp From the Porter Collection.
