Skip to main content
Go to accessibility notice


    First Obligation Spread Eagle Hundred

    Fr. 165 $100 1862 Legal Tender PMG Very Fine 25. Thirteen examples of this note are known, and to date, this is the highest example graded by either service. A PCGS 12 realized $27,600 in October 2005. This is the only example of this number that PMG has graded. The 25 grade is a Net grade that has been lowered due to "Corner and Margin Repair." None of the repairs appears significant, and they are typical for all denominations of these early Legal issues since the very thin paper had a tendency to chip and split at its edges. According to the Dauers' book, the appearance of the American eagle on this note was its first use on Federal currency. Both sides of this note are illustrated on page 116. The $27,000 price realized by the PCGS 12 in 2005 is the record for a Fr. 165. That should be very easily eclipsed when the hammer falls tonight on this handsome example.
    From The Dr. Edward & Joanne Dauer Collection

    View all of [The Dr. Edward and Joanne Dauer Collection ]

    Auction Info

    Auction Dates
    September, 2007
    26th-28th Wednesday-Friday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 1,556

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    Sold on Sep 28, 2007 for: Sign-in or Join (free & quick)
    Track Item

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 35 days left to consign to the 2021 August 10 - 16 ANA WFOM World Paper Money Signature Auction - Chicago!

    Learn about consigning with us

    Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.
    Mohammed J.,
    Durban, KZ
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search