Fr. 150. 1863 $50 Legal Tender Note. PCGS Currency About New 50 PPQ.We had the pleasure of offering this trophy 1863 $50 Legal Tender Note in our 2018 March Baltimore sale as part of the Joel R. Anderson Part I collection where we described it as: "This is one of the most important notes in the Joel R. Anderson Collection. Just ten examples of this 1863 $50 Legal Tender Note are known to the collecting public, with most coming from a short serial number run of high grade notes. This example, bearing serial number 13314, is from that group and is the finest among them to be certified by either PCGS or PMG.<p><p>The note is well-framed and nicely cut for the type. The side profile portrait of Alexander Hamilton is sharply detailed and darkly inked. Bold color is seen in the green border prints and ornate security panel. The Treasury Seal and serial number display bold cherry red ink. The face design is similar to the First Obligation, but now with NEW SERIES lettered. The back has the Second Obligation wording. The paper is wholesome, displays only light hints of circulation, and is well deserving of its PPQ designation from the grading service. We sold the example consecutive to this one in our August 2013 ANA auction. That note, graded Extremely Fine 40 by PCGS realized $176,250. This presently offered note last traded publicly in June 2011 when it sold for $253,000.<p><p>This is another important treasure of the Anderson Collection, again, the best any collector may own.<p><p>$50 Legal Tender Notes, Series of 1863, Second Obligation<p><p>This beautiful variety is best known to collectors through pictures in catalogs such as the Friedberg and Bowers studies or by viewing the specimen from the Bebee Collection on view at the American Numismatic Association Museum in Colorado Springs. Few have ever had the opportunity to see or bid on one in person.<p><p>Of the 32,000 printed, nearly all are long since gone, as noted above. The present variety has the usual Chittenden-Spinner signatures (in office together from 1861 to 1864), the old American Bank Note Company patent date of 30 June 1857 (but not identified as to origin), and "NATIONAL BANK NOTE COMPANY" at top border. New Series 1. The note sold for seemingly great value when it realized $204,000 in that sale. High end type note rarities have been notably absent from the marketplace with the conclusion of the four Anderson sales.<p><em>Provenance: From the Joel R. Anderson Collection of United States Paper Money, Part I. Earlier from Heritage Auctions sale of September 2004, lot 16396; Lyn Knights sale of June 2011, lot 1055. Our sale of the Joel R. Anderson Collection Part I of March, 2018; lot 1014.</em><p>
