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Fr. 1204 $100 1882 Gold Certificate PCGS Extremely Fine 40PPQ.. ...
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Sold on Jan 10, 2014 for:
$282,000.00
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Description
Spectacular Large Spiked Red Seal 1882 One-Hundred Dollar Gold the Finest by Far of the Three in Private Hands
Fr. 1204 $100 1882 Gold Certificate PCGS Extremely Fine 40PPQ.When we last offered this note in January 2006, we quoted our 1999 description from the CAA Dr. Lawrence Cookson auction, which essentially read: "One of the most important and exciting notes in Dr. Cookson's holdings. This Large Red Seal Hundred was previously in the collection of Albert A. Grinnell where it was purchased by James Stack and remained in his collection for over 40 years until it was acquired at auction by Dr. Cookson in March of 1990 for $33,000. Four Fr. 1204s have been traced: two low grade examples, both permanently impounded in government hands, and a Very Fine that has been off the market for over half a century and is not likely to appear any time soon. When this note was auctioned in 1990, no current collector or dealer had ever personally seen an example of this type. Since that evening, the note has resided in Dr. Cookson's collection and was justifiably one of his most prized possessions. This evening a new collector gets to add his name to the short pedigree of this irreplaceable treasure. The note itself is well margined, bright, and stunningly attractive, with its medley of ink colors and pure white paper. The original embossing is still clearly evident and the note is separated from the Gem grade by four light vertical folds. In our 1999 auction, this beauty realized $154,000 on an estimate of $100,000-up. We would expect about double that this evening for this note that is by far the finest known example of the only two collectible pieces." After its 2006 offering, the note was placed privately into the Greensboro Collection. This evening it will change hands for only the fourth time since it was owned by Grinnell. The total known has now risen to five, with the discovery of serial number C4522. That note resides in a PMG Net 20 holder, and sold at auction last August for $99,875. The currently offered note remains the finest known by a large margin, including the two government held notes. We are as impressed by the beauty of this piece every bit as much now as we were when we first saw it in March of 1990.
From The Greensboro Collection Part III
View all of [The Greensboro Collection Part III ]
Auction Info
2014 January 8 - 10 & 13 FUN US Currency Signature Auction - Orlando #3526 (go to Auction Home page)
Auction Dates
January, 2014
8th-13th
Wednesday-Monday
Bids + Registered Phone Bidders: 2
Lot Tracking Activity: N/A
Page Views: 1,679
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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