2021

Important 1862 $50 Legal Tender Note Fr. 148. 1862 $50 Legal Tender Note. PMG Very Fine 25.

Currency:USD Category:Coins & Paper Money Start Price:10,000.00 USD Estimated At:30,000.00 - 50,000.00 USD
Important 1862 $50 Legal Tender Note Fr. 148. 1862 $50 Legal Tender Note. PMG Very Fine 25.
SOLD
34,000.00USD+ (6,800.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 09 @ 18:23UTC-6 : CST/MDT
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Important 1862 $50 Legal Tender Note Fr. 148. 1862 $50 Legal Tender Note. PMG Very Fine 25. These early $50 Legal Tender notes are simply rare with any of the varieties considered. This offering shows with the 1862 date and first obligation design at back. Seen with the type I treasury seal and series 3 completes the designation of a Friedberg 148. All offerings for these fifties are important events. This piece shows wonderfully for the assigned grade with even circulations and still bold detail throughout. The impressive back design shows the intricate counters in a weave-like styling covering nearly the entirety of the paper.


PMG mentions "Minor Restorations," in the comments section of the holder and they indeed are as we cannot determine the locations when looking through the holder. PMG has graded
only seven notes for the catalog number and this is one of a pair at the 25 level and just two have graded finer, both at the Very Fine 30 level. With all the varieties considered, PMG has not graded any within the Uncirculated range, leaving collectors to make due with attractive circulated notes such as this.