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Lot
14922

Fr. 377 $100 1890 Treasury Note PMG Choice Extremely Fine 45....

2008 September Long Beach, CA CAA Signature Auction #3502

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Auction Ended On: Sep 19, 2008
Item Activity: 2 Internet/mail/phone bidders Number of Bidders
6,006 page views
Location:

Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Lot Viewing:
Room 104A

Auction Room:
Room 103C

Description:
Gorgeous $100 Watermelon
Fr. 377 $100 1890 Treasury Note PMG Choice Extremely Fine 45. After more than twenty five years residing in private collections, this piece is once again being offered at public auction. In its last auction appearance in 1981 it realized $11,000, a handsome sum for any piece of currency at the time. Fewer than three dozen examples of the $100 Watermelon are known, far too few to meet the demand for the number of collectors that wish to buy an icon of American currency. The most important part of this note is the rich green back design. It remains bold with uninterrupted design elements and four broad margins. The slightly larger face design is also framed by four perfectly even margins. The most recent prices realized for this issue include a PCGS 50 which sold for $207,000 in October of 2005, PMG 30 in May of 2007 for $143,750, a PCGS 45 in June of 2007 for $253,000, and most recently a Net Graded PMG 53 for $195,500. As a pleasing, restoration-free PMG Choice Extremely Fine 45 note, we expect a realization of...
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