Lot 1911
1861, $5 Demand Note. PCGS Apparent Very Fine 20, Multiple Restored Holes, Repaired Tear at Top Left. . Fr-2. . KL-185. Although, as mentioned on the PCGS label, there are numerous closed pin holes and a single short tear at the upper left that has been expertly repaired, the overall appearance of this early greenback is quite sharp. The hand-signed signatures are bold, and the paper is quite solid for the grade. Demand Notes are very scarce without problems of some nature, and this example, even though "red holdered" by PCGS due to the repairs present, represents an affordable opportunity to the average collector to obtain a nice-looking example.
Estimated Value $2,500 - 3,000.
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