Fr. 1017. 1914 Red Seal $50 Federal Reserve Note. Atlanta. PMG Very Fine 25.

Fr. 1017. 1914 Red Seal $50 Federal Reserve Note. Atlanta. PMG Very Fine 25. A rare type and denomination for obvious reasons. This $50 Federal Reserve Note issued under the Series of 1914 features the short-lived red overprint that would be discontinued in 1915. Between the brevity of their production and the fact that $50s and $100s had little use in general circulation, notes like this one are extremely rare when held against their counterparts that feature the blue Treasury overprint. To that end, the Friedberg Number that this note represents is represented by just 18 known survivors (including a handful of institutional pieces) that are infrequently offered which makes this lot an opportunity to be had for the collector who enjoys the quixotic pursuit of collecting 1914 Red Seal Federal Reserve Notes by Friedberg Number or district. PMG comments "Spindle Holes." Estimate: $2,000 - $3,000. Click here for certification details from PMG.

Estimate:£899.17

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