Fr. 365 $5 1891 Treasury Note PMG Choice Very Fine 35

Fr. 365 $5 1891 Treasury Note PMG Choice Very Fine 35 (image 1/2)
Fr. 365 $5 1891 Treasury Note PMG Choice Very Fine 35 (image 2/2)
Pricing & History
Fr. 365 $5 1891 Treasury Note PMG Choice Very Fine 35. This note, which has been out of sight since famed Texas collector William Philpott sold it on December 31, 1958, now raises the census for Fr. 365's to only 25 examples. This $5 is accompanied with Philpott's bill of sale on Texas Bankers Association letterhead. It is addressed to Lieutenant David R. Meyers, who we can thank for saving several of his Philpott invoices. Philpott mentions in the letter the items Lt. Meyers was interested in and what was sent to him, followed by this tidbit of paper money information, "Do not be disturbed by the "freckled" appearance of the Thomas vignette. "Snow flakes" also show on the scroll beneath the lower serial number. This is a new kind of paper the Treasury Department tried out on the first Lyons and Roberts notes. They thought it would make counterfeiting more difficult - but they discontinued this paper after brief use. This is the most perfect #365 I ever owned or have ever seen." The note and the letter are encapsulated in an oversized PMG holder. Grade: 350, Service: PMG, Service No.: 365000
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