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    Description

    Very Rare Fr. 1078a $100 Chicago Red Seal FRN
    First Offering Since 1991

    Fr. 1078a $100 1914 Red Seal Federal Reserve Note PMG Choice Very Fine 35.
    This is another high-denomination red seal type that is difficult to obtain. The $100 faces show Benjamin Franklin as engraved by Marcus Baldwin at the center. The ornate backs boast a beautifully rendered allegory titled Labor, Plenty, America, Peace and Commerce by Kenyon Cox (as engraved by G. F. C. Smillie). The dynamic scene is anchored by the triad of women with the personification of America at the center; Labor, at the left, leans in with a heavy sheaf of wheat; and Mercury, with winged cape and shoes, keeps the scene in motion. This $100 red seal Chicago-district note is one of 11 examples recorded on Track & Price. Mike has owned this very rare note for nearly three decades. This beautiful piece has exceptional paper body and color for the technical grade. It is easily the third or fourth finest known and is problem-free. We have not cataloged an example since 2008, and that was only PMG Fine 12. The most recent auction record was a PCGS Extremely Fine 45 note sold by Lyn Knight in June 2015 for $21,150. The present example is ex: Stack's, March 1991 sale, lot 942. An important and beautiful $100 red seal FRN.
    From The Mike Coltrane Collection.


    Auction Info

    Auction Dates
    November, 2020
    4th-5th Wednesday-Thursday
    Bids + Registered Phone Bidders: 15
    Lot Tracking Activity: N/A
    Page Views: 354

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