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18119

Fr. 360 $5 1890 Treasury Note PMG Gem Uncirculated 66 EPQ.. ...

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

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Auction Ended On: Apr 26, 2013
Item Activity: 4 Internet/mail/phone bidders
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Location: Renaissance Schaumburg Convention Center Hotel
1551 North Thoreau Drive
Schaumburg, IL 60173

Description:
The Only Known Uncirculated Fr. 360 From a Census Of Only Fourteen
Fr. 360 $5 1890 Treasury Note PMG Gem Uncirculated 66 EPQ.
Our description from the Jupiter Collection Auction in September 2008 read as follows: "The Fr. 360 is now recognized as a major Friedberg number rarity, with only thirteen examples surviving from an original printing of 300,000 pieces. The Jupiter Collection example is the only piece in the census to be graded uncirculated, let alone Gem, with the next highest grade Fr. 360 no better than Extremely Fine. This note is so nice it has been previously offered at auction as a full Superb Gem. Why it did not receive that accolade from the grading service can not be determined by viewing the holder, as this note displays broad, even margins, bold printing, near perfect front to back centering and an ornate back design which appears as bright as the day it was printed. With no competition even close in grade, it is likely that this piece will remain the finest known for many years, if not indeed forever. Spirited bidding is expected, as well as a price that may far exceed its last realization of $115,000." At that sale, the note realized $161,000. There is still nothing even vaguely close to it at either grading service. PMG has graded the lone 66 EPQ, with its closest rival a VF 35, PCGS has graded only a single example, a VF 30. The census, since 2008, has risen from thirteen to fourteen, but the new addition is in the VF range.
From The Greensboro Collection Part II

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