Rare Notes from Joel R. Anderson Collection

28 Jun 2018  Thu

Stacks Bowers Galleries is going to offer Part II of the Joel R. Anderson Collection at ANA World’s Fair of Money in August.

One of the highlights is an extremely rare Allison-Wyman signed 1875 $50 Legal Tender Note. Only four examples of this type exist, out of which, the Aubrey Bebee example is showcased at ANA Museum Collection. Another example is positioned permanently in the collection of the Federal Reserve Bank of Chicago. The remaining two examples are in private hands and are in the Fine grade range. The A20197 note was last auctioned publically for $60,500 in October 1998. The presently offered note was sold by Stack’s auction for $276,000 in November 2007. The note was evenly distributed and still features bold inked designs. The paper quality is good but has a few minor edge nicks. Such a note is rarely out in the market, which is why all eyes would be on it.

Another highlight is a $50 Legal Tender Note, Series of 1875 which is similar to the 1874-dated notes. It features a portrait of Benjamin Franklin, engraved by Charles Burt from the Duplessis portrait and Liberty dressed as Columbia. It also depicts two large pink L protectors and a pink spiked Treasury Seal. The reverse design is similar to the 1874 notes with a mark of the Columbian Bank Note Company. 40,000 examples were issued.

Image Courtesy: Stack’s Bowers Galleries

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