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    Extremely Rare Minneapolis Red Seal $100

    Fr. 1080a $100 1914 Red Seal Federal Reserve Note PMG Choice Fine 15.
    The first time any Fr. 1080a reached public sale was the PMG VG 10 Net that we sold in April 2008 as part of the Tom Flynn Collection with this description, "This Minneapolis Red Seal Hundred is incredibly rare, with only three pieces, including this one, listed in the Track & Price census. One of those three is permanently impounded in the Smithsonian. Fr. 1080a is one of the very few Federal Notes that has never been offered at public auction. This 1080a is the only one of the three to have been graded by any service. The Smithsonian note is reported to be XF, with both this note and the third example, the whereabouts of which we do not know, about the same grade. While this piece faces up quite well for a VG, it does have a professionally masked-out stain and a rebuilt upper-left corner tip that affects nothing but blank paper. An incredible rarity, worth whatever it costs to bring it home." At that time that note realized an incredible $97,750. Both the market and the census have changed since that time, Track & Price now lists four examples. This one represents the fifth note known, with one remaining permanently impounded in the Smithsonian. PMG has graded this example Fine 15 and mentioned minor repairs, which seem to be a few short closed edge splits. In January 2016 we sold a PMG Very Fine 25 for $42,300. This note will not reach that level, but could very well approach.

    Auction Info

    Auction Dates
    January, 2018
    3rd-9th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 416

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