$1 1862 Legal Tender Fr. 16a SALMON P. CHASE - VERY RARE PMG Ch Unc 64 PMG 64 EPQ

Superb colors and ideal margins highlight this extremely scarce note. Only about six dozen examples are known in all grades combined. This one comes from the short run that supplies all the high-grade pieces. It's an absolute, impeccable Gem save for the slightly tight top margin which are so typical of these early Aces. An important rarity that is, in our opinion, far undervalued in any market. This type is outnumbered by its type-mate, Fr. 16, by a ratio of nearly 30 to one, with over 2100 Fr. 16's known and 77 Fr. 16a's.