Stack's Bowers to offer rare Series 1869 $50 United States note in Baltimore Expo auction
Posted on 9/23/2014
The 1869 series of United States notes (once called legal tender notes) are referred to as the “Rainbow” series because of colorful hues of the inks used to print the notes. Denominations range from $1 to $1000.
The note in the auction is cataloged as Friedberg 151 in Paper Money of the United States by Arthur L. and Ira S. Friedberg.
A portrait of Henry Clay appears at right on the face of the $50 note. Clay represented Kentucky in the U.S. House of Representatives and the U.S. Senate. He also was the ninth U.S. secretary of state, serving in the President John Quincy Adams administration.
The vignette on the left of the face is known as Return of Peace and depicts Columbia carrying a palm branch and a miniature statue of Mercury.
The note, one of 61 known according to the auction firm, was graded Very Fine 20 by Paper Money Guaranty (PMG). The note has an estimate of $30,000 to $50,000.
For more information about the note or the auction visit the firm’s website.
This article was originally written by Michele Orzano and was published September 17, 2014 on the CoinWorld.com website.
This is a guest article. The thoughts and opinions in the piece are those of their author and are not necessarily the thoughts of the Certified Collectibles Group.