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$50.00. Act of March 3, 1863 National Customs Note

From Stack's January 2006 Auction, Session 1 on Jan 16, 2006

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Categories  •  Stack's January 2006 The Americana Sale U. S. Paper Currency U. S. Large Size Currency U. S. Federal Proofs and Essays
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$50.00. Act of March 3, 1863 National Customs Note. Plate D. Bond paper face Essay ''Specimen'' by...$50.00. Act of March 3, 1863 National Customs Note. Plate D. Bond paper face Essay ''Specimen'' by the American Bank Note Company. A hybrid type note ''between the Acts'' for a series never issued. The face plate kidnaps the style of the $50.00 One Year Interest Bearing Notes (Fr.198 type). Standing America at the left, hand on the Constitution; to the lower right is Alexander Hamilton. Engraved signatures of Chittenden and Spinner. Overprinted across in the Treasury Bronzing is ''NATIONAL/CUSTOMS NOTE''. Type Unlisted in Friedberg. Type of Old Hessler /1499k, but without Specimen stamping; New Hessler NC2. Choice About Uncirculated. Light handling and some tight trimming. Two oblong POC as made. The cancels similar to the 1952 New Netherlands example.

Ex Stack's, 2000 Americana Sale (January 12-13, 2000, lot 1043).

This type is only a Friedberg number away from respectability. However, despite this shortfall that seems to trouble some collectors, it seems paramount to keep in sight the fact that this type was seriously under consideration as it would have fit very well in the tradition of the early 1790's era loans used from the ports for customs transactions. The census on known face essays is less than ten with three of them coming from the important Schermerhorn Sale. The pedigree and eye appeal of this note is lovely.

Lot # 1433 Session 1
Hammer Price: $2,700.00

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