| Third Issue: December 5, 1864 to August
16, 1869 Four varieties are
known:
1. Red back
Fine $15.00 | VF $20.00 | EF $30.00 | AU $40.00 | New
$70.00 | Gem New $140.00
2. Red back with a small letter "a" on the front
Fine $20.00 | VF $30.00 | EF $40.00 | AU $50.00 | New
$100.00 | Gem New $170.00
3. Green back
Fine $15.00 | VF $20.00 | EF $25.00 | AU $30.00 | New
$40.00 | Gem New $75.00
4. Green back with a small letter "a" on the front
Fine $15.00 | VF $20.00 | EF $25.00 | AU $30.00 | New
$50.00 | Gem New $90.00
Spencer M. Clark (1810-1890) served under Abraham Lincoln as the the
first Superintendent of the National Currency Bureau (now known as the
Bureau of Engraving and Printing). He had his own portrait placed
on these notes, an act that (once discovered by his superiors) led to
legislation preventing a portrait of a living person from appearing on
Federal currency. A small letter "a" appears on the left
side of Varieties 2 and 4, but the size and placement of the letter may
vary. These notes were printed in sheets of 20 (4 up by 5 across)
and the "a" appears only on the notes from the farthest left
column. Theoretically, they should be five times as rare as the
notes without the letter "a".
Specimen Printings are known:
1. Front of the above varieties
Narrow Margins $65.00 | Wide Margins $170.00
1. Back of Variety 1
Narrow Margins $50.00 | Wide Margins $175.00
2. Back of Variety 2
Narrow Margins $50.00 | Wide Margins
$150.00
Some of the Specimen notes were printed
on blank paper captured from blockade runners during the Civil
War. Prepared for the Confederate States of America for use on their currency, this paper features a distinctive "CSA"
watermark. Parts of the watermark are often visible on the
Specimen notes.
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