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    Excessively Rare $100 1882 Gold Proof

    Fr. 1202 Type $100 1882 Gold Certificate Proof PCGS Gem New 65PPQ.
    An excessively rare India paper uniface Proof mounted on bonded paper and hole punch cancelled with two sets of six digit all zero serial numbers. This exact design in this form was able to escape Gene Hessler during his many years of research to bring to fruition both editions of his U.S. Essay Proof and Specimen Notes reference. This is also the first example of this Proof that we have been able to offer. The two Friedberg numbers for this sub-variety are Fr. 1202 and 1202a, where the former would have the autographed and the latter the engraved countersignature at bottom center of Ass't Treasurer of U.S. New York City Thomas Acton. This Proof example lacks the "Ass't Treasurer of U.S. New York City" engraved line and therefore it is technically an Essay as it differs from the exact issued design. Only five issued notes of Fr. 1202 and 1202a are known to have survived. Two of those repose at the Federal Reserve Banks of New York and San Francisco, plus the Smithsonian Institution owns the third. This leaves only two issued notes, one of each Friedberg number, for collectors to pursue. We have auctioned one of those two in the past. We had the Fr. 1202a in PCGS Apparent VF 35 realize $822,500 in January 2014. We do not expect this Proof to reach the amount of the issued Fr. 1202a, but we do see the current offering hammering at least in the neighborhood of our estimate as it has the two most important cornerstones of our hobby, both rarity and grade.
    From the Art Davidson Collection

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    Auction Info

    Auction Dates
    August, 2018
    17th Friday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 538

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