Fr. 116 $10 1901 Legal Tender Note Very Choice New. The only serial number 1 Bison ever reported, and almost certainly the only one to exist in or out of government hands. In fact, this note is one of only two single digit Bisons known, the other a serial number 4 Fr. 115. This note first appeared in a 1967 John Rowe ad (yes, John really is that old), where it was priced at $250. It was then in the 1971 Bill Donlon sale, and was then off the market for more than 20 years. It reappeared in a 1992 R.M. Smythe sale where it realized the then-astronomical $9,900. Number 1 notes have always held a special fascination for the highest level of type note collectors, and this Bison type is generally acknowledged to be the most significant of the "personality" notes. The note itself is impeccable, with deep original embossing, excellent margins, and perfect color. When one considers that an ordinary Bison in XF, with a census well into the hundreds, is a $1,000+ note, and a Gem Bison, with a likely census in the hundred range, is a $4,000+ item in today's market, one would expect this to be a six-figure item, perhaps even well into six figures. In May, 2001, we sold the only known serial number 1 Technicolor $20 for $176,000, and there is little question that at that time this note would have been in the same range. The fever for number 1 type notes has calmed considerably in the past three years, presenting an incredible opportunity for one well-heeled, forward-thinking collector to acquire what no one else can ever possess: the only serial number 1 Bison.

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    Auction Dates
    September, 2004
    9th-10th Thursday-Friday
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: N/A
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