A Common Friedberg at a Rare Grade Level
Fr. 164. 1880 $50 Legal Tender Note. PMG Choice About Uncirculated 58.
A prolific Friedberg that lists over 250 survivors per the likes of Track & Price, but one where comparable examples are few and far between as most survivors fall within the range of Fine to Very Fine. This particular entry stands as the final entry in a long line of $50 Legal Tender notes of the same design tracing back to the 1870s when Franklin replaced Henry Clay with the Series of 1874 after the preceding series had proved susceptible to counterfeiting. Franklin's portrait is seen at left in a composition adapted from the Duplessis portrait while a depiction of Liberty who appears ready for battle is seen at right while a denomination counter is seen at center with the Treasury signatures of Lyons and Roberts below. A striking design even compared to its contemporaries, most individuals likely never saw a $50 Legal Tender Note in commerce while only the wealthy or bank tellers probably handled these with some regularity in a distinction that mirrors the relative infrequency a collector will have in having the opportunity to handle an example in-person, let alone one as exceptional as this one. This example is just one of two notes recorded at this level by PMG and with only a single note that graded finer that hasn't surfaced at auction in almost 15 years the chance to acquire a comparable note is a rare one indeed and one sure not to be missed by the sophisticated collector. PMG Pop 2/1 Finer.
From the Porter Collection.
Estimate: $15000.00- $25000.00
Price realized | 13'000 USD |
Starting price | 9'000 USD |