Fr. 167b Spread Eagle $100, One of Two KnownFr. 167b $100 1863 Legal Tender PCGS Fine 15 Apparent.
In 2006, we sold a beautiful example of this very rare Friedberg number. At the time it was believed to be unique, with no precise information about the note ensconced in the Eric P. Newman Collection available. Surprisingly, his example was this rare variety, Fr. 167b. It is distinguished by a few factors: the Act of March 3, 1863 date; the second of two obligations printed on the back; a single serial number; and finally the imprint of a single printer, the National Bank Note Co. As the second of only two examples known, its rarity is reason enough for this piece to be a cornerstone of any advanced Large Size type note collection. Aside from the technical differences in the early $100 Legal Tender Notes, one can appreciate why it is one of America's most popular type notes. The widely recognized vignette at left features the heraldic Spread Eagle, engraved by Joseph P. Ourdan, hence the notes' nickname. The historical importance of the eagle's depiction reflects the tumultuous times in which it was issued. Students of numismatic art will notice that the posture of the country's national bird often corresponds with times of war and peace. Engravings of the bald eagle with spread wings on coins and currency are commonly seen at times of conflict; during times of relative peace, the eagle is used less often, is shown in flight (Saint Gaudens Double Eagle reverse), or perched (Indian Head gold coin reverse engraved by Bela Lyon Pratt). The eagle on this example is still remarkably bold for the grade. The "Spread Eagle" $100s are quintessentially American and have been coveted by numismatists for decades. Even wear is noted and, despite some minor issues, this piece will be a welcome addition to a fine cabinet.
Ex: Eric P. Newman Numismatic Education Society.
View all of [Selections From The Eric. P. Newman Collection, Part VI a. ]
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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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