LOT #15222 |
Sold on Apr 18, 2008 for: $195,500.00
Fr. 377 $100 1890 Treasury Note PMG About Uncirculated 53 NET....
Click the image to load the highest resolution version.
Sold on Apr 18, 2008 for:
$195,500.00
Bid Source: Live: Phone bidder
Get one of these:
Explore Available Items
Description
PMG About New Watermelon Hundred - The Finest Yet Graded
Fr. 377 $100 1890 Treasury Note PMG About Uncirculated 53 NET. In spite of its net grade, this PMG 53 is the highest Watermelon Hundred yet graded by either service. PMG has graded ten pieces, with this the highest grade, and PCGS has graded six pieces, with a 50 the highest. This note gives the appearance of a Choice Uncirculated example. Very close inspection reveals that all four corners on this high-end AU note had been quite rounded, a problem that we are used to seeing with so-called "Vault Cash" - money that has banged around for years in bank safes but has never actually circulated. All four corners have been rebuilt and returned to square by a rather experienced hand in restoration. None of the work touches the design at all, but affects only the blank paper corners; all of the design elements are 100% natural. The work is not impossible to spot, but it is very convincing and not seen at a glance. This note has a tremendous pedigree. It was originally owned by Colonel E.H.R. Green, then William Philpott. It then went on to Frank Limpert, where it was used as the illustration for his book. Stack's sold the Limpert Collection in September of 1955, where the note was Lot 112. After that, it went to Morey Perlmutter, who advertised it in Paper Money Magazine as Uncirculated. It then appeared in Kagin's November 1973 sale, also as CU. Track & Price shows no auction record for it, but Tom Flynn had a handwritten notation which he kept with this piece, "This came from the Carter Collection," which we believe to be correct. There are a few recent auction records to go by. The PCGS 50 sold for $207,000 in October of 2005, and we sold a PMG 30 in May of 2007 for $143,750. This net 53, the highest graded by either service, should comfortably slip past those figures.From The Thomas M. Flynn Collection
Auction Info
2008 April Rosemont, IL (CSNS) Currency Signature Auction #3500 (go to Auction Home page)
Auction Dates
April, 2008
16th-18th
Wednesday-Friday
Bids + Registered Phone Bidders: 3
Lot Tracking Activity: N/A
Page Views: 6,787
Buyer's Premium per Lot:
15% of the successful bid per lot.
Shipping, Taxes, Terms and Bidding
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | Currency Grading Tutorial
Important information concerning Sales Tax and Resale Certificates. Learn More
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | Currency Grading Tutorial