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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP2018年10月巴尔地摩#4-美国纸钞The Joel R. Anderson

Lot:3022 Friedberg 212d (W-2690). 1865 $50 Interest Bearing Note. PCGS Currency Very Fine 25.

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世界钱币

USD 200000- 300000

SBP2018年10月巴尔地摩#4-美国纸钞The Joel R. Anderson

2018-10-26 06:00:00

2018-10-26 07:00:00

USD 216000

SBP

成交

Friedberg 212d (W-2690). 1865 $50 Interest Bearing Note. PCGS Currency Very Fine 25.This is an extremely important "Middle of the (Friedberg) Book" rarity, as it is the only known example of this June 15, 1865, dated $50 Interest Bearing Note variety. Two separate varieties of 1865 dated $50 notes are known: Fr.212d (W-2690) with blue printed serial numbers, and Fr.212d-i (W-2695) with red printed serial numbers, vertical red printed "in COIN" overprint and bronze overprint on back. The first variety (offered here) is unique while there are seven examples known of the latter.<p><p>This note was issued under an Act of Congress dated March 3, 1865, and bore interest at a rate of 7.3% per annum payable three years after the issue date. The type has a green border and security prints. The eagle vignette at center is a larger version of the eagle seen on $10 Legal Tender Notes commonly referred to as "Jackass Notes," as the vignette resembles a donkey when viewed inverted. A red spiked Treasury Seal is at right while engraved signatures of Colby and Spinner are seen at bottom left and red. Blue serial numbers are to the bottom left and upper right of center. The ornate back is executed in green with a vertically oriented clause and center stating the note could be converted into bonds after five years. Large 50 counters are to the left and right. These notes were originally issued with five coupons attached at right though none remain on this example.<p>The rarity of this and related Interest Bearing Notes is explained by two main factors. (1) These were not circulated to the general public but were nearly all acquired by the new National Banks and by wealthy investors. (2) Once the interest limit was reached, these were turned in to capture the interest. Many of this issue have high print quantities but minuscule survival rates, as is the case here.<p><p>The note displays modest circulation with bright paper and vibrant green, blue and red inks. The design is sharply printed with excellent detail. There is a scattering of small stains, which appear to be ink, found on the face and back. Restoration is also mentioned by the grading service and it appears to be minor in scope, expertly accomplished and difficult to detect. Interest Bearing Notes are a series that offers much opportunity for additional research. Appreciation for this incredibly rare series has grown in recent years as more sophisticated collectors realize the true numismatic and historic significance of these notes.<p><p>Concerning the provenances given below, some comments may be of interest. <p>Abner Kreisberg, located in Beverly Hills and one of Americas most popular dealers, specialized in American coins. Hans M.F. Schulman in New York City emphasized foreign and ancient coins. Once a year they pooled their talents and had a joint auction at the Waldorf-Astoria Hotel in New York.<p><p>Bob Medlar was located in San Antonio, Texas and had a street-floor shop in a hotel not far from the Alamo. He and his wife, Betty, were familiar figures at conventions. Betty often participated in comedy dances as entertainment for Numismatic Literary Guild meetings.<p><p><strong>PCGS Population: </strong>1, none finer.<em>From M.H. Loewenstern; Kreisberg & Schulmans sale of May 1966, lot 1847; Bob Medlar Ad in </em>Paper Money Magazine<em> (1972); Lyn Knights sale of December 1998, lot 114; Heritage Auctions sale of February 2005, lot 16763.</em>

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