There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
16014

Fr. 168 $100 1869 Legal Tender PCGS Extremely Fine 45.. ...

2012 February 3 Currency Signature Auction - Long Beach #3515

Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Feb 3, 2012
Item Activity: 3 Internet/mail/phone bidders
3,242 page views
Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Beautiful $100 Rainbow Legal Tender Note
Fr. 168 $100 1869 Legal Tender PCGS Extremely Fine 45.
The Series 1869 "Rainbow" Legal Tender notes were produced in denominations from $1 through $1000. The higher denominations are prohibitively scarce, with the $500 and $1000 each represented by a lone survivor. Fewer than 30 survivors of the $100 denomination are enumerated in the census, with a third of the recorded pieces either previously unoffered or locked up in institutional collections belonging to the American Numismatic Association, Federal Reserve, or Smithsonian.

Our records indicate this note was first offered to the collecting public as part of a 1971 Donlon fixed price list. Up until recently, it was listed time and again as a fully uncirculated note with little argument. The technical grade assigned by PCGS indicates there are folds, perhaps light bends, that have long failed to affect the paper whatsoever. The fully uncirculated appearance, wide margins, and excellent colors earned it a spot as the plate note in the Hessler and Chambliss reference, The Comprehensive Catalog of U.S. Paper Money.

In 2007, we sold the example just four digits removed from this serial number. It was a beautiful PMG Extremely Fine 40 EPQ that sold for $184,000 as part of the Dr. Edward and Joanne Dauer Collection. This piece also traces its pedigree to that collection and was also chosen by the Dauers to illustrate the type on page 118 of their book. With all the eye appeal of a fully uncirculated note, a wonderful pedigree and few examples that can best it in terms of appearance, we would not be surprised to see another realization in the neighborhood of the Dauer example in 2007.

View large image(s) of this item

Service and Handling Description: Coins & Currency (view shipping information)

Sales Tax information  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image


FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
877,630
bidder-members
$961,519,116
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Consign to the 2015 January 7 - 13 Currency Signature Auction - Orlando.
Learn About Consigning With Us
Everyone was raving about the way it got the word out as well as how it generated so many pre-bids.
Craig,
Tustin, CA
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 April 24 & 28  CSNS World Currency Signature Auction - Chicago
2014 April 24 & 28 CSNS World Currency Signature Auction - Chicago
REALIZED $2,708,143
CURRENCY SURVEY
You could win!
Take the Survey