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Large Size Type Notes > Legal Tender

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Fr. 151 $50 1869
Grade: PCGS Apparent VF 25 Net    

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I am always excited when I have the opportunity to catalog and sell a Rainbow $50 from 1869. There is now a total of 62 examples of this elusive type, but more that two-thirds are lower grade than this example. The note looks more XF than a VF 25 APPARENT because of an absolutely miniscule corrected flaw in the top margin. The centering is excellent and the paper quality looks very nice for the grade. A PMG 25 realized $40,250 in April and a PCGS 30 brought $57,500 in January.

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