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    Fr. 167a $100 1863 Legal Tender PCGS Choice About New 58PPQ. More than a decade has passed since this exceptional note was last offered in our January 1998 FUN Auction, where it was described, "One of the classic rare types, this "Spread Eagle" $100 Legal is as lovely an example as any we have ever seen. Twenty five pieces are listed in the census, six of which are permanently impounded in museums, foundations or government hands. The margins are exceptional, and the note totally lacks repairs, restorations or any trace of attempted upgradings. It's separated from Gem New by the lightest of handling marks and minor corner tip folds that can be seen only when a light source is allowed to pass through the note. Very few examples of this type, in any grade, exist without repairs or restorations, as this extremely thin, brittle paper was highly subject to splits, nicks and tears. The colors are all beautifully bright, and the note is very well margined for the type, with the face margins well clear of the design all the way around, and the back 100% perfectly centered." At the time, this piece sailed past the $25,000-up estimate and settled at $44,000. Today, the number of known notes still stands at 25 and the last example of this Friedberg number to sell at auction, a heavily repaired PMG Very Fine 30 Net, realized $63,250. If history is a guide, our estimate may again prove conservative.
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    Auction Dates
    September, 2008
    17th-21st Wednesday-Sunday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
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