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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP2019年2月巴尔地摩#5-Joel集藏

Lot:4006 Friedberg 64 (W-650). 1869 $5 Legal Tender Note. PCGS Currency Superb Gem New 67 PPQ.

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世界钱币

USD 8000 - 10000

SBP2019年2月巴尔地摩#5-Joel集藏

2019-03-01 06:00:00

2019-03-01 07:00:00

USD 13800

SBP

成交

Friedberg 64 (W-650). 1869 $5 Legal Tender Note. PCGS Currency Superb Gem New 67 PPQ.Here is an outstanding $5 "Rainbow" Note that is among the finest examples known of this popular type. "Old Hickory" Andrew Jackson, as engraved by Alfred Sealey, is portrayed at bottom left. The vignette at center is emThe Pioneer Family/em and depicts a frontiersman leaning on an ax by a fallen tree with his wife, baby and dog surrounding him. The popular scene was engraved by Henry Gugler. The motif was used on $5 Legal Tender Notes from the Series of 1869 to the Series of 1907 and is the reason these notes are commonly referred to as "Woodchopper" notes. The Series of 1869 examples display a large red spiked Treasury Seal at right. A green protector overprint runs along the top of the note while a green serial number panel is to the lower left of center. The green protector is made up of a repeating microlettered pattern which reads "UNITED STATES LEGAL TENDER NOTE" and "FIVE DOLLARS." The serial numbers are in red and found to the lower left and upper right of center. Engraved signatures of Treasury officials Allison and Spinner appear at lower left and right respectively. pThe back is boldly laid out with a large 5 prominently displayed at center and Roman numeral V counters in the corners. Anti-counterfeiting language is in the panel at left while the Legal Tender clause is in the panel at right. At top and bottom center is the imprint of the American Bank Note Company. The type comes on blue tinted security paper from Wilcoxs 1866 patent. pThe present offering is a true gem in every way. Broad margins superbly frame this colorful type note. Vibrant red, green and blue aptly support the "Rainbow" nickname this series is so well known for. PCGS Currency has graded just a single example of the catalog number finer. PMG has graded just a single note at the 67 EPQ level with none finer. This is an absolutely stunning note destined to find its way into a top shelf collection.strongNumismatic Events of 1869/strongpThe colorful Series of 1869 Legal Tender "Rainbow Notes" were launched at a time of transition. As noted above under Lot 4001, money in circulation in the East and Midwest did not include gold or silver coins. These could be purchased by paying a steep premium to banks and exchange brokers. Interestingly, on the West Coast silver and gold coins were abundant in circulation as the California State Constitution of 1850 forbid the use of paper money. Too many citizens had been hurt during the Hard Times era of 1837 to 1843 when many banks failed and paper money became worthless. Now, with a new opportunity during the Gold Rush, legislators wanted to prevent this from happening again.ppOn New Years Day 1869, Chief Engraver James B. Longacre died, leaving a legacy of many accomplishments, including designs for the cent, two-cent piece, two types of three-cent pieces, the nickel five-cent piece, and the gold $1, $3, and the impressive $20, plus almost countless patterns. He had held the office since 1844. His successor in the post was William Barber. At the Mint, James Pollock, who had served in the post from 1861 to 1866, was named director again, succeeding Dr. Linderman, who would return a few years later.ppWithout much fanfare the Mint created a series of patterns lettered Standard Silver. These coins were below the current federal standard of the Act of 1853 in the hope that lightweight coins of lower intrinsic value could circulate and not be of interest to hoarders or speculators. Nothing practical came of the idea, and it turned into another bonanza for insiders at the Mint. For the numismatic trade various denominations were struck in silver, aluminum, and copper, with plain or reeded edges, and with multiple die varieties within each denomination. These had no real pattern purpose, of course, and were filtered into the numismatic market. Standard Silver patterns continued to be minted into 1870.ppBeginning during the Civil War, Spencer Clarks operations in the Treasury Building included making paper for currency, which was then given to the American, Continental, and National bank note companies for printing denominations from $1 upward. In 1869 this facility was discontinued, and a contract was given to the Crane Paper Co. in Dalton, Massachusetts, which continues as the supplier today, although there was a recent change in corporate ownership.ppFrom NASCAs sale of September 1981, lot 728.

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