Friedberg 45. 1875 $2 Legal Tender Note. PMG Choice Uncirculated 64. Serial Number 1. Here is a wonderful "Series A" 1875 $2 Legal Tender note that was the very first example printed and then presented to United States Treasurer John Chalfant New. This fully margined serial number 1 deuce displays sharply inked engraved design elements along with a brilliantly printed pinkish-red overprint. Just 30 serial numbers are recorded in the Track & Price census for this rare catalog number. This example was clearly hand cut right off the sheet for use as a presentation piece. The grading service has added a "Previously Mounted" comment on the back of the holder along with a line stating it was from the "Personal Holdings of Treasurer J.C. New."John C. New was born in Vernon, Indiana on July 6, 1831. He studied law at Bethany College where he graduated in 1851. After graduation he worked in law, banking and publishing. In 1863 he was elected as a Republican to the Indiana state senate. Ulysses S. Grant nominated New to be the 11th secretary of the Treasury in 1875, succeeding Francis E. Spinner. He held that post until 1880 when he was replaced by A.U. Wyman. He later served as chairman of the Indiana Republican Party. He died in Indianapolis, Indiana on June 4, 1906. <em>From Lyn Knights fixed price list of June 1988; our (Stacks) sale of January 1990, lot 1066; Lyn Knights sale of October 2004, lot 45.</em>
