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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP2020年3月巴尔地摩#5-Pogue集藏VI

Lot:6207 New Orleans, Louisiana. $50 1882 Value Back. Friedberg 586. The Canal-Commercial NB. Charter #5649.

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世界钱币

USD 100000 - 150000

SBP2020年3月巴尔地摩#5-Pogue集藏VI

2020-03-20 06:30:00

2020-03-20 09:30:00

USD 102000

SBP

成交

New Orleans, Louisiana. $50 1882 Value Back. Friedberg 586. The Canal-Commercial NB. Charter #5649. PMG Extremely Fine 40. The Series of 1882 $50 Value Backs were created upon the expiration of the Aldrich-Vreeland Act on June 20, 1915. The Value Back name results from the denominations being spelled out in the center on the backs of the notes. The securities backing the notes reverted to bonds as had been the case before the passing of the Aldrich-Vreeland Act in 1908. Just two banks placed orders for $50 Value Backs: The Canal-Commercial National Bank of New Orleans, Louisiana (CH #5649) and the Winters National Bank of Dayton, Ohio (CH #2604). Just one catalog number represents the type. These notes display the engraved signatures of Treasury officials Lyons and Roberts to the upper left and right of center. The face displays <em>Washington Crossing the Delaware</em> at left and <em>Prayer for Victory</em> at right. The engraved design elements are boldly printed and sharply detailed on this example. Deep blue overprints include a blue scalloped Treasury Seal at right with the charter number 5649 above. Regional sort letter S is near the lower left and upper right. The stamped bank officers signatures are present but faded a bit. The back is printed in striking green inks with the denomination spelled out at center, shielded bald eagles at left and right and denomination counters in the corners. Broad margins frame both the face and back nicely. The circulation is even with no distractions whatsoever. This is the finest $50 Value Back known. PMG has graded no other example higher than Fine 15. The National Bank Note Census reports the majority of the surviving examples to be in the range of Very Good to Fine. The Canal-Commercial Bank ordered 1,300 sheets of Value Backs in the $50-$50-$50-$100 format. They issued 1,057 sheets by the time their charter was renewed in December 1920. At that time the remaining sheets were cancelled and the bank began receiving 1902 Plain Backs. There are six $50 Value Backs known from this bank, while two are known from the Dayton, Ohio bank. This is an immensely important type not only to National Currency collectors but to federal type collectors as well. No advanced collection can be considered complete without one and this is the finest example available. <em>From Hickman & Oakes sale of June 1979, lot 146; Lyn Knights sale of December 1998, lot 249; Lyn Knights sale of August 2003, lot 5314; Dr. Edward & Joanne Dauer. </em>

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