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Lot
15110

Fr. 1078b $100 1914 Red Seal Federal Reserve Note PMG Superb Gem Unc 67 EPQ.. ...

2014 August 6 ANA Currency Platinum Night Auction - Chicago #3528

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Auction Ended On: Aug 6, 2014
Item Activity: 4 Internet/mail/phone bidders
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Location: Donald E. Stephens Convention Center
5555 N. River Road
Rosemont, IL 60018
Description:
Lone Superb Gem $100 Red Seal FRN Graded by PMG
Fr. 1078b $100 1914 Red Seal Federal Reserve Note PMG Superb Gem Unc 67 EPQ.
From our September 2008 Long Beach Auction, where it was described: "Only 28 notes are known for this Friedberg number in all grades combined. This piece is far and away the finest of the only four reported to be Uncirculated. PMG has graded only this Superb note with a single 65 below it, and PCGS has yet to grade an Uncirculated note of this number. This is a note that is very likely to remain alone at the top of the condition census forever, as no raw note is known that would begin to challenge it. Red Seals, and high denomination Red Seals in particular, have been under incredible buyer pressure over the last year with the prices for the Flynn material, which we sold last April, reaching levels that no one expected to see. 'Difficult to estimate' is a rather overused term, but on this note we need to go there. We simply have no idea how high this piece may go, but we would not be at all surprised if the combination of rarity and grade pushed it past... " The "past" in that instance was $150,000 and the note fell just a hair short, realizing a still stunning $135,125. There is a voracious appetite in today's market for the finest known of all types. Our estimate here tonight may be conservative and may be one of the Tom Flynn notes that sails past its 2008 realization.
From The Greensboro Collection Part IV

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