
January 25-28, 2004, The Pre-Long Beach Coin & Currency Auction
Sale 23
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Legal Tender Notes (U.S. Notes) - Large
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36 Fr-16. 1862, $1 United States Note. A stunning example of our First Issue note. Nice, bright colors and a low Serial Number of 3740. Choice About Uncirculated. Estimated Value $1,600-1,800.
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Finest Graded Friedberg-16a
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37 Fr-16a. 1862, $1 United States Note. Not only a lovely note, but this is the highest graded example of the Friedberg-16a variety. Cut slightly askew, making the bottom margin tight, but correspondingly the top margin includes a full margin and even a small bit of the note from above. A wonderful rarity in top-notch condition. Tremendously underrated compared to similar rarities in the coin side of numismatics. The vignette on this note features Secretary of the Treasury, Salmon P. Chase, who is famous in numismatic circles for having placed the motto "IN GOD WE TRUST" on Two Cents coins in 1864. CGA graded Choice Uncirculated 63. Estimated Value $3,000-3,500.
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38 Fr-16a. 1862, $1 United States Note. Well-circulated and trimmed into the design on the left side of the bottom edge, but try finding any Fr-16a in today's red-hot currency market. Which brings to mind a comment we hear frequently from our currency dealer friends: "It's becoming harder and harder to find fresh material." CGA graded Very Fine 20. Estimated Value $700-800.
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Impressive 1869 $1 Legal Tender
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39 Fr-18. 1869, $1 United States Note. A choice, colorful note, with no wallet folds -- just a tiny corner fold at lower left. A nice-looking example of the only possible number for this type (in 1874, the reverse was changed to the "Sawbuck" type). Choice About Uncirculated. Estimated Value $1,700-1,900.
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40 Fr-18. 1869, $1 United States Note. Above average for the grade as it has the look of a "Choice AU" note. Very popular because of the bright colors on the face. CGA graded Extremely Fine 45. Estimated Value $850-950.
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41 Fr-18. 1869, $1 United States Note. A trifle toned on the upper right side, but otherwise a pretty example of this number. CGA graded Extremely Fine 40. Estimated Value $750-850.
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42 Fr-19. 1874, $1 United States Note. Bright and fresh-looking, with subtle red overprintings. Very attractive for the grade and type. CGA graded Extremely Fine 45. Estimated Value $475-525.
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43 Fr-20. 1875, $1 United States Note. Together with Fr-27. 1878, $1 United States Note. The 1875 note as two paper pulls in the upper corners on the face. While the note might grade Extra Fine to some, we will down grade it to Very Fine. The 1875 is a solid Fine. Very Fine and Fine. Lot of 2 notes. Estimated Value $200-250.
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44 Fr-26. 1875, $1 United States Note. A dandy of a note with great deep colors and natural paper. Choice Uncirculated. Estimated Value $750-850.
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45 Fr-28. 1880, $1 United States Note. Lot of 62411 notes. Very Fine Pin holes. Estimated Value $150-180.
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46 Fr-30. 1880, $1 United States Note. A Gem note except for the tight margin on the left side. Partial plate number at top center. CGA graded Uncirculated 63. Estimated Value $800-900.
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47 Fr-30. 1880, $1 United States Note. Perfect, straight margins (a bit off-center on the back). Minor water-staining on the bottom quarter of the note. CGA graded Choice Uncirculated 64. Estimated Value $600-700.
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48 Fr-30. 1880, $1 United States Note. A Choice note with the grade affected to some degree by uneven trimming on the top margin that drops down and touches the design on the right side. CGA graded Crisp Uncirculated 62. Estimated Value $550-650.
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49 Fr-33. 1880, $1 United States Note. A bright, crisp and totally gem note. The large seal with blue numbers is the rarest of the type. CGA graded Gem Uncirculated 66. Estimated Value $5,000-5,500.
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50 Fr-34. 1880, $1 United States Note. A very pretty note with super colors and great margins. Just the slightest of a hint of fold can be found down the center and a small corner tip fold keep it from being a higher grade. Choice About Uncirculated. Estimated Value $300-400.
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51 Fr-35. 1880, $1 United States Note. The centering is superb and the margins are nice and wide all the way around. CGA graded Gem Uncirculated 65. Estimated Value $500-575.
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52 Fr-36. 1917, $1 United States Note. Crisp Uncirculated. Estimated Value $125-150.
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53 Fr-37. 1917, $1 United States Note. A superb example with perfect centering. As bright and as fresh-looking as they come. CGA graded Gem Uncirculated 65. Estimated Value $225-275.
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54 Fr-39. 1917, $1 United States Note. A boldly embossed example that is as fresh as the day it was printed, with super margins! As nice as they come. Very Choice Crisp Uncirculated. Estimated Value $250-350.
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55 Fr-40. 1923, $1 United States Note. A desirable two-digit Serial Number on this popular Red Seal note! Premium Quality. CGA graded Choice Uncirculated 64. Estimated Value $500-600.
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56 Fr-40. 1923, $1 United States Note. Super note with a great serial number of 1500. Which happends to be the Friedberg number for the 1928 series $1 United States Note. Very Choice Crisp Uncirculated. Estimated Value $700-900.
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57 Fr-40. 1923, $1 United States Note. Monstrous embossing of the over print "1 Dollar" that is so deep that even a blind man can feel it. Outstanding eye appeal and well-centered. Only insignificant thing we could locate was a small error on portrait. A lovely note. Choice Uncirculated. Estimated Value $400-500.
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58 Fr-41. 1862, $2 United States Note. An unusually handsome example of this colorful, early Deuce. The paper is cardboard crisp, the embossing is strong, and the surfaces are completely original. The right side of the top edge just touches the border design; everywhere else, the margins are nice and full. Nearly as nice as many "New" examples we've seen. Almost Uncirculated. Estimated Value $1,400-1,600.
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59 Fr-41. 1862, $2 United States Note. Four nice margins (none inside the cut line), with the right side being particularly wide. A pleasing example of this colorful, early date Deuce. CGA graded Extremely Fine 40. Estimated Value $1,100-1,300.
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60 Fr-41. 1862, $2 United States Note. Perfect for type and grade. Just two small pin-like holes at the top. Strong colors and good margins for issue. Fine. Estimated Value $350-400.
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61 Fr-44. 1875, $2 United States Note. A lovely note that looked Choice Uncirculated, but we have located a small corner fold, which lead us to notice the margins being trimmed. But even so, we like this note as it has wonderful colors and feel. Choice About Uncirculated. Estimated Value $800-1,200.
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62 Fr-44. 1875, $2 United States Note. A very high grade example of this scarce and under-rated Friedberg number. CGA graded Extremely Fine 40. Estimated Value $700-800.
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63 Fr-45. 1875, $2 United States Note. Scattered, small pinholes in the Jefferson portrait (consistent with the grade). A nice, appropriately graded example. CGA graded Very Fine 25. Estimated Value $550-650.
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Superb, Full-Margined Friedberg-48
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64 Fr-48. 1878, $2 United States Note. A superb gem with nice broad margins, this is probably the Finest Known example. CGA graded Gem Uncirculated 66. Estimated Value $2,500-3,000.
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65 Fr-48. 1878, $2 United States Note. Superb, bright colors. Certainly, one of the finest examples known of this tough Friedberg number. CGA graded Gem Uncirculated 65. Estimated Value $1,250-1,500.
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66 Fr-48. 1878, $2 United States Note. A Premium Quality example and has the look of a much higher grade note. Four great margins and nice, bright colors. CGA graded Extremely Fine 45. Estimated Value $750-850.
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67 Fr-51. 1880, $2 United States Note. Very scarce this nice. Generous margins at top and right; plate number "16" at top center. Minor toning spots on the bottom of the reverse. CGA graded Choice Uncirculated 63. Estimated Value $700-800.
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68 Fr-52. 1880, $2 United States Note. Nicely centered and margined on the obverse, but somewhat off-center on the reverse (precluding a grade of "Gem"). Still, there's nothing wrong (and lots good) with a CU-63 example of this number. CGA graded Choice Uncirculated 63. Estimated Value $650-750.
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69 Fr-52. 1880, $2 United States Note. A pleasing, nearly New note with the look of an Uncirculated note. Plate number "38" visible at top center. CGA graded About Uncirculated 58. Estimated Value $525-575.
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70 Fr-53. 1880, $2 United States Note. Quite rare this choice and probably a condition census example for this rare Friedberg number. This note has the popular "Bracelet" reverse, so-named because of the arrangement of the oval, scalloped, and shield-shaped designs on the back. CGA graded Choice Uncirculated 63. Estimated Value $6,000-7,000.
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71 Fr-53. 1880, $2 United States Note. A very scarce combination of signatures with the blue Serial Numbers, Friedberg 53. Nice and bright, looks like an Almost Uncirculated note. Two small repairs on the bottom edge (not mentioned on the holder label). CGA graded Extremely Fine 40. Estimated Value $2,000-2,250.
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72 Fr-53. 1880, $2 United States Note. A very scarce Friedberg number that is seldom seen (this is tied for second toughest of all the Fr-43-60 Deuces). A wonderful opportunity for the advanced collector. CGA graded Very Fine 30. Estimated Value $1,000-1,250.
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73 Fr-58*. 1917, $2 United States Note. A scarce Star Note and a nice one to boot. CGA graded Choice Uncirculated 64. Estimated Value $850-950.
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74 Fr-58. 1917, $2 United States Note. CGA graded About Uncirculated 58. Estimated Value $130-170.
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75 Fr-59. 1917, $2 United States Note. A Gem note except for a tight top margin. This number is surprisingly hard to find in this lofty grade and we expect lots of bidding activity for this lovely note. CGA graded Choice Uncirculated 64. Estimated Value $400-475.
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76 Fr-59. 1917, $2 United States Note. Typical tight margin at top (this number rarely comes with four full margins). A great-looking, high-end, circulated note. CGA graded About Uncirculated 58. Estimated Value $250-300.
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77 Fr-60. 1917, $2 United States Note. A beautiful crisp note that displays bold colors and all the appearance of being Choice Uncirculated, except for three very light folds, which are visible mainly from the back. About Uncirculated. Estimated Value $150-200.
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78 Fr-60. 1917, $2 United States Note, Star Note. Original replacement note that is fresh and unmolested. Very Fine. Estimated Value $200-300.
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79 Fr-61a. 1862, $5 United States Note. Pleasing for the grade. Seemingly original but a bit faded on the reverse. By 1862, this type was changed from a Demand Note to a Legal Tender Issue by the removal of the "On Demand" obligation. However, they are in great "Demand" today! While the holder says Fr. 62, the note it self is really a Fr. 61a. An error on the part of the grading company. CGA graded Very Fine 25. Estimated Value $500-600.
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80 Fr-62. 1862, $5 United States Note. We note a couple of pin holes in the center. CGA graded Fine 15. Estimated Value $200-250.
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81 Fr-63b. 1863, $5 United States Note. An evenly circulated example with super colors and great margins. However, it appears that some bugs chewed on the last digit of the serial number in the upper corner area. Hard to estimate a note like this, but our best guess is.... Very Fine. Estimated Value $300-400.
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82 Fr-64. 1869, $5 United States Note. Gorgeous colors can be found on this lovely "Rainbow" note. Almost Uncirculated. Estimated Value $850-950.
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83 Fr-72. 1880, $5 United States Note. A beautiful note with colors and paper quality of a higher grade. Choice Uncirculated. Estimated Value $900-1,100.
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84 Fr-72. 1880, $5 United States Note. A great 1880 design that celebrated the pioneer spirit of America by presenting a vignette of a "woodchopper", his wife, babe, and hound. "Old Hickory" (Andrew Jackson) appears at lower left. CGA graded About Uncirculated 50. Estimated Value $550-650.
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85 Fr-73. 1880, $5 United States Note. Nice margins and centering on this popular "Woodchopper" note. A most popular type. CGA graded Crisp Uncirculated 62. Estimated Value $650-750.
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1880, $5 United States Note
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86 Fr-73. 1880, $5 United States Notes. Previously from CAA's 2001 Cincinnati, OH September Sale where it was described as "A really lovely cut sheet made up of four well margined fresh notes. Each of the four has the very strong embossing that is occasionally seen on this type when they have remained in original condition. Years ago cut sheets of better types were seen with some frequency, but most have been broken up to feed the demand for high-end individual type notes. When cut sheets were more common, they used to bring a premium...you usually paid for five notes to get four. Now that they are rarer the premium has gone away. Is opportunity knocking?" While graded "Gem" by CAA, we like the notes as Choice Uncs. Lot of 4 notes. Choice Uncirculated. Estimated Value $3,500-4,500.
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87 Fr-73. 1880, $5 United States Note. A very pretty note with nice colors and good margins. Choice Uncirculated. Estimated Value $800-1,000.
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88 Fr-74. 1880, $5 United States Note. Great color and nicely centered. Perfect for type purposes. CGA graded Gem Uncirculated 65. Estimated Value $1,200-1,400.
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89 Fr-75. 1880, $5 United States Note. This is the rarest signature combination of the Fr-65-92 series, it's one of only 18 notes known, and this particular note is unlisted in Gengerke. We note some pin holes scattered about, but condition takes back seat to rarity on this number. CGA graded Very Good to Fine 10. Estimated Value $650-750.
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90 Fr-79. 1880, $5 United States Note. An above-average example of this popular 1880 Series note. Not quite bright enough and well-centered enough to make the Gem grade, but it's close. CGA graded Choice Uncirculated 64. Estimated Value $750-850.
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91 Fr-80. 1880, $5 United States Note with Courtesy Autograph. Bright and pretty note with sound qualities of being Gem, all with a courtesy autograph of D.N. Morgan, Treasurer. Choice Uncirculated. Estimated Value $900-1,100.
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92 Fr-81. 1880, $5 United States Note. An otherwise impressive, Gem note except that the bottom margin is too narrow to justify the 65 grade. However, in terms of paper quality and color, this is a monster note. CGA graded Choice Uncirculated 64. Estimated Value $500-575.
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93 Fr-84. 1907, $5 United States Note. A very scarce Friedberg number this choice. Only about 40 notes are known in all grades (imagine how valuable this would be if it were a coin with a population of only 40 pieces)! CGA graded About Uncirculated 58. Estimated Value $550-650.
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94 Fr-84. 1907, $5 United States Note. Very scarce signature combination. CGA graded Very Fine 20. Estimated Value $200-225.
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95 Fr-88. 1907, $5 United States Note. Great centering on this "Wood chopper". Just three folds that have been lightly pressed. Extremely Fine to About Uncirculated. Estimated Value $175-275.
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96 Fr-91. 1907, $5 United States Note. A very impressive "Woodchopper" note that features bright white paper, heavy embossing, and vivid red overprinting. CGA graded Gem Uncirculated 65. Estimated Value $500-600.
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97 Fr-92. 1907, $5 United States Note. A Gem note except for the centering on both sides. CGA graded Choice Uncirculated 63. Estimated Value $400-450.
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98 Fr-92. 1907, $5 United States Note. A beautiful, totally fresh "Woodchopper" note. CGA graded Choice Uncirculated 64. Estimated Value $350-400.
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99 Fr-92. 1907, $5 United States Note. A choice example of this slightly better Friedberg number. CGA graded Very Fine 35. Estimated Value $200-250.
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