Fr. 17a KL2 $1 1862

Lot: 31     Fr. 17a    KL2    $1    1862    Chittenden-Spinner    Serial #1 - Series 20    Serial #100000 - Series 73 

This is a first issue legal tender note that bears the portrait of Salmon P. Chase, the Secretary of the Treasury under Lincoln when this note was designed. The story says that his political aspirations were responsible for having used his own portrait on this note. Later he served as Chief Justice of the Supreme Court. He remains well known among numismatists for his efforts of having the motto "In God We Trust" adopted on our coinage. The pictured notes are offered as a pair, for as you can see see, they represent the first and last notes of the run, or better described as the lowest and highest serial numbers available on the issue. Each time 100,000 notes were printed the series number was changed. This pair of notes survived as part of the fabulous Robert Schermerhorn Collection and were later sold by Stacks in 1990 (Lot 1046) where they realized $7,150. Today these notes remain equally as rare as they have been for over 140 years. Both notes were graded Fine by a previous cataloguer. Whether or not one may be a little better, or the other has a tiny defect, is immaterial to the rarity of this unduplicated set. Two piece lot.

VF 

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