Fr. 119 $10 1901 Legal Tender PMG Superb Gem Unc 67 EPQ....

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Superb Gem Fr. 119

Fr. 119 $10 1901 Legal Tender PMG Superb Gem Unc 67 EPQ. The face design of the Bison note is so large that little room was left to even cut between the notes when they were first issued. As a result, Superb grades are elusive, with a 68 yet to be awarded by either PMG or PCGS for any Bison. This piece was last offered in our 2006 Central States Auction with the following description, "The 'Exceptional Paper Quality' appellation has been applied to this gorgeous Bison. It's very nicely centered on both sides, with super color, and the paper originality and embossing can be easily seen through the third-party holder. A really handsome note, as well as a slightly scarcer number. Fr. 119's are not often encountered in high grade, and PMG 67 is certainly a very high grade. We would not be at all surprised if ten years from now there were less than a dozen as nice as this one in reputable third-party holders." It realized $25,300 that evening, and was quickly surpassed when another similarly graded example realized $32,200 in January of 2007. With this price level now nearly two years old, another realization in the $30,000 plus range is highly likely.
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