Silver Certificates
Fr. 329. 1880 $50 Silver Certificate of Deposit. PCGS Currency About New 53 PPQ.
This is a rare "Black Back" $50 type, seen here with a red scalloped Treasury Seal more commonly associated with the "Open Back" notes of the Series of 1891. Just 120,000 examples of this variety were printed; today around 35 are known to survive. The portrait of Edward Everett is at right. Engraved signatures of Treasury officials Rosecrans and Nebeker are stacked to the bottom right of center. Blue printed serial numbers appear in panels at bottom left and top right. This is the finest graded example of the catalog number. It features bright paper displaying just light signs of handling. Boldly printed design elements present this design in striking detail. The overprints are boldly inked with the seal retaining great cherry red color. Full margins and wholesome paper add to the overall appeal of this note which certainly deserves PCGS Currency's PPQ designation. This note has long been the finest known for the variety with a market history going back at least 40 years. It last sold in our February 2018 Anderson Part IV sale where it realized $93,000. With the increased demand for quality and rarity, we expect that figure to be easily reached or even exceeded in tonight's sale.
Ex Joel R. Anderson Collection
Estimate: $75000 - $125000