Spectacular 1923 $10 Legal TenderFr. 123 $10 1923 Legal Tender PCGS Superb Gem New 67PPQ.
At our last offering of this note at the 2007 FUN Auction, we used this description: "This note last appeared in our Central States auction where it was cataloged, 'This is one of the finest examples of its type that we have ever seen. Almost all of the nice examples of Fr. 123's that have survived are from the final pack of 100 produced. This note is far removed from that last pack and it has a rougher, more embossed fresher look and feel to it. It's an absolutely original, broadly margined beauty.' PCGS liked it as much as we did and placed it in a Superb Gem New 67PPQ holder. It realized $23,000 on an estimate of $10,000-up in that sale, and with the demand for high grade rarities continuing to escalate, may well be worth more today." There are now two Fr. 123 67 PPQ notes graded by PCGS with nothing higher. Last time out, this great note realized $23,000, a number that it has achieved twice and should pass this evening.
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