261A

VERY RARE 1862 $100 Legal Tender Note Fr.165a PMG Very Fine 25

Currency:USD Category:Coins & Paper Money / Paper Money - United States Start Price:1.00 USD Estimated At:80,000.00 - 95,000.00 USD
VERY RARE 1862 $100 Legal Tender Note Fr.165a PMG Very Fine 25
SOLD
70,000.00USD+ (10,500.00) buyer's premium. + applicable fees & taxes.
This item SOLD at 2019 Dec 02 @ 11:34UTC-8 : PST
This very rare 1862 $100 Legal Tender Note Fr.165a PMG Very Fine 25. One of the most iconic American type notes, a representative of the first federally issued note of the $100 denomination. These "Spread Eagle" $100 Legal Tender Notes are collector favorites and the design type is ranked #8 in 100 Greatest American Currency Notes by Q. David Bowers and David M. Sundman. The powerful depiction of an eagle perched on a rock with wings spread was originally engraved by Joseph P. Ourdan and is among the most striking vignettes on all of American currency. Presently just 54 examples of the general type are recorded in the Gengerke census for all varieties combined. There are 11 serial numbers recorded for the Fr. 165a (W-3432), with most in grades of Very Good to Fine. The paper on the presently offered note is bright and is an excellent example for the grade. Sharply printed inks and bold green color add to the appeal of this exceedingly rare note. The intricate back design involves all but the margins, with the First Obligation language seen at center. The total run for this note was estimated to be around 35,000. We would now estimate that there are only 12-14 notes remaining in the population today. This is an outstanding piece of history and surely the highlight of almost any collection. PMG Certified.