拍品描述： San Francisco, California. Imperial Government of Norton I. 1870s 50 Cents. PMG Very Fine 25. There are a few distinct Norton I note types (as in the defining 1962 Fred B. Marchkhoff listings) and this type is among the rarer in our opinion. The Norton I notes are iconic American Currency Notes and to this day, fascinating San Francisco historical artifacts.<p><p>Uniface, printed on bond paper. Very wide. Lithographed without imprint at base, possibly Charles A. Murdock & Co. [per Marckhoff article]. At the upper left, half-length Norton I portrait in uniform. The California State seal at the upper right under "UNITED STATES". Titles at top center with outlined "NORTON I" at top center. Obligation below with the note due in 1880, with conversion to 5% interest bonds. The note could be extended by the holder for 20 years at 7% interest. Marckhoff General Type 5. Hand dated January 2, 1878 with written serial number 2439. Boldly signed at the lower right "Norton I Emperor". PMG comments "Previously Mounted, Splits."<p><p>