High Grade Circulated Fr. 164 PCGS XF 40Fr. 164 $50 1880 Legal Tender PCGS Extremely Fine 40.
We sold this note twice before, first in May of 1999, where it realized $6,050 and again in February of 2005 when it hammered for $9,000. Fr. 164 is a note with rather strange census statistics. Over 200 examples are known (we have sold over fifty), and almost none of them grade Uncirculated. PCGS and PMG combined have graded 108 examples with only two Uncs, one from each service. This piece has much of the look of an Uncirculated note, with broad, even margins, sharp printing, perfect color, and extremely strong eye appeal.
From The Greensboro Collection Part II
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