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    Fr. 165b 1862 $100 Spread Eagle - The Only Example Graded By Either Service

    Fr. 165b $100 1862 Legal Tender PCGS Very Fine 25 Apparent.
    A pleasing "Spread Eagle" Hundred, one of the classic rarities for U.S. large size type notes. Track & Price indicates a total of 25 pieces known for all three minor varieties, 14 for Fr. 165 and 11 for 165a. PCGS has graded nine Spread Eagle Hundreds, three Fr. 165s, five 165a's and this lone 165b. PMG has graded five Spread Eagle Hundreds, three 165s and two 165a examples. Those collecting by Friedberg number should note that this is the only 165b graded to date by either grading service. In spite of its Apparent designation, which has been assigned for "Edge Splits and Minor Damage," it remains the lone example of the Friedberg number graded by both of the services. Type collectors will also find this Spread Eagle Hundred of great interest. As a type, this note is so rare that the minor varieties add little premium, though this 165b is most certainly the rarest of the three. None of the "splits and damage" mentioned by PCGS 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 the edges. It is believed that the appearance of the American eagle on this note was its first use on Federal Currency.

    Ex: Eric P. Newman Numismatic Education Society.

    View all of [Selections From The Eric. P. Newman Collection, Part VI a. ]

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    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 22
    Lot Tracking Activity: N/A
    Page Views: 682

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

    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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