20022: Fr. 151 $50 1869 Legal Tender PMG Very Fine 20 E

Fr. 151 $50 1869 Legal Tender PMG Very Fine 20 EPQ. Well margined and with incredible color for a Very Fine 20. This is a one-number type, always very much in demand. The gorgeous color makes it highly desirable and the VF 20 grade makes it somewhat affordable. Notes at the VF 20 level seldom earn the EPQ qualifier. We are convinced in this case the note won its positive accolade for margins and color. Rainbow Fifties are a rare and extremely popular one-number type, with only about 70 pieces listed in the Track & Price census. That number includes pieces that have been reported by serial number but never offered at auction. It could very well include a few contemporary counterfeits which were some of the best of their time and continue to fool census takers if not carefully examined. Henry Clay, whose portrait appears at lower right, received electoral votes in three different presidential elections - 1824, 1832, and 1844. He also helped found both the National Republican Party and the Whig Party. He earned the nickname, "The Great Compromiser," due to his ability to defuse sectional crises. HID03101062020 © 2020 Heritage Auctions | All Rights Reserved