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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 2036

Estimate: 125'000 USD   |   Starting price: 75'000 USD Price realized: 144'000 USD
Silver Certificates
Impressive 1880 $50 Silver Certificate of Deposit

Friedberg 327 (W-2927). 1880 $50 Silver Certificate of Deposit. PCGS Currency Extremely Fine 40.
This is a rare higher denomination banknote from a highly regarded and desirable series. The 1880 Silver Certificates all feature the famous black back designs which prominently display the word "Silver" across the length of the paper on the verso. This was done primarily to instill confidence in paper money among the general public. On the face, the portrait of Edward Everett is prominent at right. A large brown Treasury Seal is at top center with brown Roman numeral L below. The engraved signatures of Bruce and Wyman are stacked to the bottom right. Just 11 serial numbers are recorded in the census for this catalog number. The finest known note is the Bebee specimen, which is permanently held in the ANA museum. This note is the finest privately held example and exhibits creamy white paper, generous margins, bold inks and only light traces of circulation. It last traded publicly for $132,250 in a June 2006 auction.

$50 Silver Certificates of Deposit, Series of 1880

There are three catalog numbers for the large brown seal, with rays, $50 Silver Certificates of 1880 of which 196,000 were printed in total. Just 17 examples are known from all three catalog numbers combined. Edward Everett (1794-1865) served as a U.S. representative, U.S. senator, 15th governor of Massachusetts, Minister to Great Britain and briefly as U.S. secretary of State. Additionally, he taught at Harvard University and served as president of the university from 1846-1848.

PCGS Population: 1, none finer.
From Stack's sale of March 1990, lot 1705; Lyn Knight's sale of June 2006, lot 234.

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