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    PCGS Extremely Fine 40 Fr. 109 - One of Only Two Known

    Fr. 109 $10 1880 Legal Tender PCGS Extremely Fine 40.
    "One of the classic rarities of the U.S. paper money field. Only two Fr. 109's are known, both of which are lightly circulated. This example has been off the auction market since 1991, and the other 109 was last sold in the Memphis 1999 auction where it realized $74,800. This note is a solid VF-XF that could easily find its way into a 40 or 45 holder. It is totally free of problems, repairs or any other distraction. Most collectors will go a lifetime without the opportunity to purchase either of the Fr. 109's, but that opportunity is here now. When we sold the other Fr. 109 in November of 1992 we had not seen this piece, and were unsure which was the finest known. We have now seen both, and the answer lies with the preference of the viewer. The other note is perhaps a half grade higher, but it has a light stain and a soft spot from moisture damage. This piece is a tad lower grade, but is perfectly natural and problem free. Only two collectors can own a Fr. 109, and with the current growing interest in top rarities, we would expect to see this note easily double the 1999 record for this number." That was our description when we last offered this note. At our auction in September 2006, this note did indeed more than double its 1999 result by realizing $184,000. This is the first opportunity since 2006 to obtain either of the Fr. 109s. As predicted in our 2006 description, the note did indeed find its way into a PCGS Extremely Fine 40 comment-free holder. Challenging to estimate, as none of the new generation of serious buyers have had the opportunity to bid on a Fr. 109. Accepting the challenge, we will take a shot at...
    From The Greensboro Collection Part III

    View all of [The Greensboro Collection Part III ]

    Auction Info

    Auction Dates
    January, 2014
    8th-13th Wednesday-Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 2,178

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

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