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Stack’s Bowers and Ponterio   |   The August 2018 ANA Auction   |   23 August 2018 Sort by Lot-NumberSort by Estimate
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Session 4, Lot 2009

Estimate: 4'000 USD   |   Starting price: 2'400 USD Price realized: 4'320 USD
Legal Tender Notes
Gem New 66 PPQ Rosecrans-Nebecker Deuce

Friedberg 55 (W-325). 1880 $2 Legal Tender Note. PCGS Currency Gem New 66 PPQ.
The Rosecrans-Nebecker signed 1880 $2 Legal Tender Notes are quite scarce, with fewer than 70 examples currently enumerated in the Track & Price census. The Joel R. Anderson example borders on superb quality with boldly printed inks and broad margins. Sharply printed overprints are seen with the serial numbers in deep blue and the scalloped Treasury Seal in cherry red. Strictly original paper surfaces display natural wave and wonderful fibers. Just a single example has been graded finer by PCGS Currency.

$2 Legal Tender Notes, Series of 1880

The basic motifs are continued from the preceding series. On the Series of 1880 notes a Treasury Seal (colors and sizes vary) replaces the pink scalloped ornament. Red serial numbers are continued on W-318 to W-320 then changed to blue from W-321 to W-326, as seen on W-325 here.

There are three different back imprint styles (described in detail in the Whitman Encyclopedia of U.S. Paper Money, a great source for technical information and details). Relevant here is:

Back Style 3: With "SERIES OF 1880" and "PRINTED AT THE BUREAU OF ENGRAVING & PRINTING" added in the field left of center and the imprints removed from the top and bottom center.

PCGS Population: 2, 1 finer.
From Heritage Auctions' sale of June 2010, lot 12921.

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