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Fr. 17d $1 1862 Legal Tender PMG Very Fine 25. ...

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Price:   
Grade: 25
Quantity: 1
Last Update: 6/3/2021
Dealer:  (Terms) Heritage Auctions (HA.com)
Fr. 17d $1 1862 Legal Tender PMG Very Fine 25. Rarely encountered or offered, Fr. 17d is the second $1 Legal Tender type printed ($1 Fr. 17 was the first), and important as such. Like its predecessor, the Fr. 17 $1 Legal Tender note, this is an extreme rarity. Impressively, Mike Coltrane owned two examples of this historic type. His primary note, serial 2040, realized $9,600 (PMG Extremely Fine 40) in the first Coltrane Collection sale. An early Series 1 note, identical to Fr. 17 except with the "ABC" monogram near the right end line. Also, like Fr. 17, the left serial number is on the red type 1 treasury seal and not over the lower left green and white counter. (Mike also notes the presence of an engraved line for serial number placement both at lower left and at top right.) As with that significant type, which we cataloged in the Mike Coltrane Part 1 sale, the census has been confusing due to misattributions and re-numbering within the Friedberg catalog between editions. This Series 1-Plate B-Serial 2150 note is erroneously listed in Track & Price as an Fr. 17b. Track & Price lists three Fr. 17d notes (in addition to the two Coltrane notes cited here), all with auction records. Prior to the first Coltrane auction, we had auctioned just two examples. We sold the Doug Murray Collection note in January 2018; that PMG About Uncirculated 50 Net piece realized $11,400. In October 2012, we sold the lowest-grade example cited (PMG Fine 12 Net) for $10,575. PMG notes "PVC" observed from the back. The face is vivid, and this example presents an excellent opportunity to acquire this rarity. Ex: R.M. Smythe & Co., March 2001 sale, lot 2503. A key Legal Tender note and an underrated Friedberg number. HID08101242017

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