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Lot
14896

Fr. 167a $100 1863 Legal Tender PCGS Choice About New 58PPQ....

2008 September Long Beach, CA CAA Signature Auction #3502

Sold for: $207,000.00 (includes BP )
Bid Source: Live: Floor
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Auction Ended On: Sep 19, 2008
Item Activity: 5 Internet/mail/phone bidders
3,422 page views

Description:

Fr. 167a $100 1863 Legal Tender PCGS Choice About New 58PPQ. More than a decade has passed since this exceptional note was last offered in our January 1998 FUN Auction, where it was described, "One of the classic rare types, this "Spread Eagle" $100 Legal is as lovely an example as any we have ever seen. Twenty five pieces are listed in the census, six of which are permanently impounded in museums, foundations or government hands. The margins are exceptional, and the note totally lacks repairs, restorations or any trace of attempted upgradings. It's separated from Gem New by the lightest of handling marks and minor corner tip folds that can be seen only when a light source is allowed to pass through the note. Very few examples of this type, in any grade, exist without repairs or restorations, as this extremely thin, brittle paper was highly subject to splits, nicks and tears. The colors are all beautifully bright, and the note is very well margined for the type, with the face margins well clear of the design all the way around, and the back 100% perfectly centered." At the time, this piece sailed past the $25,000-up estimate and settled at $44,000. Today, the number of known notes still stands at 25 and the last example of this Friedberg number to sell at auction, a heavily repaired PMG Very Fine 30 Net, realized $63,250. If history is a guide, our estimate may again prove conservative.
From The Jupiter Collection Estimate: $150,000 - up.

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Previous Prices from Heritage Auctions

Lot Date Realized
Auction 3513, Lot 16910 Monday, May 2, 2011 $63,250.00
Auction 448, Lot 15299 Friday, September 28, 2007 $63,250.00
Auction 406, Lot 16984 Saturday, April 29, 2006 $184,000.00
Auction 374, Lot 16669 Saturday, May 7, 2005 $115,000.00
Auction 282, Lot 2617 Saturday, January 12, 2002 $23,000.00
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

Population Guide

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PCGS Choice About New 58PPQ 1 1 4
PMG Choice About Unc 58 EPQ 0 0 5

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Large Size:Legal Tender Notes, Fr. 167a $100 1863 Legal Tender PCGS Choice About New 58PPQ....


Large Size:Legal Tender Notes, Fr. 167a $100 1863 Legal Tender PCGS Choice About New 58PPQ....

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