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Lot
18030

Fr. 114 $10 1901 Serial Number 1 Legal Tender PCGS Very Fine 30PPQ.. ...

2013 April 24 - 26 & 28 Currency Signature Auction - Chicago #3522

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Auction Ended On: Apr 26, 2013
Item Activity: 1 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
Serial Number One Fr. 114 - The First Bison Note Issued
Fr. 114 $10 1901 Serial Number 1 Legal Tender PCGS Very Fine 30PPQ.
When last on the market in June 2008, this Serial Number 1 Bison realized $80,500. It was previously from the 1969 sale of the George Blake Collection where it was lot 14. Only three number one Bisons are known for all nine signature combinations, but this note is the most important of the group, since as a Fr. 114, it is the very first Bison note printed...the "A" position note from the first sheet of four. The number two note from the sheet is known. The number three note has never been seen on the market. And the number four note is in the Smithsonian Institution. This note is irregularly cut along the top, but the margin is sufficiently broad in all places, so the eye appeal of the piece is well maintained. The original embossing is also easily seen. It is clear that the note has never circulated, although the storage folds it has acquired make the assigned 30PPQ grade exactly accurate. It is difficult to overstate the importance of the first issued example of one of the premiere personality types in US currency. We would not be surprised to see the $80,000 level from its last auction appearance challenged this evening.
From The Greensboro Collection Part II

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