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FR 148 $50 1862 Legal Tender PMG 25

SKU: FR148

Availability: In stock


Early $50 Legal Tender Notes are rare. They hardly become available for sale and when they do numismatic connoisseurs are drawn to them due to their rarity and for their historical significance as the first FIFTY dollar bill to be issued by the United States of America. Released during the throes of the Civil War, this note was the first of five varieties issued for this series. Even though this example shows signs of honest circulation, it still maintains good color and bold detail especially of its completely filled ornate back. Upon close inspection, one will see dozens of “50s” with “United States Treasury Note” surrounding them all intricately woven into the back design; Alexander Hamilton is shown on the face. PMG has graded six other examples for the Friedberg number with only 2 finer, both in VF 30 holders - PCGS has graded one example finer and that too is in a VF 30 holder. PMG mentions “Minor Restorations” that are inconsequential and difficult to locate inside the holder. With the finest known examples in Very Fine holders, one would be hard pressed not to secure this rare and colorful note at this advantageous price.
Grading Service PMG
Nationals State Code N/A
Charter Number No
Friedberg Number 148
Rust Number No
Denomination Type Legal Tender Note
Error Note? N/A
Grade NONE
Currency Designation N/A
Country of Origin No
Holder Variety No
Numeric Denomination No