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    Fr. 169 $100 1875 Legal Tender PCGS Very Fine 35. Serial numbers are an important aspect of thwarting counterfeiting as well as accounting for a given supply of paper currency. In order to avoid serial numbers that exceeded eight, nine, ten, or more digits the Treasury began limiting serial numbers to six digits. Once a series of notes hit 100,000 pieces, a denotation of New Series 1, Series 2, Series 3 and so on, engraved directly on the printing plates. Changing plates every 100,000 notes must have been exhausting work, so beginning with Series 1869 serial number prefixes and seven digit serial numbers and were continued in most instances since then. However, with Series 1875, a slight but significant addition was added to the ordering of serial numbers. Along with the prefix letter A, and "Series A 1875" red overprint was added to the design, presumably applied with the serial numbers and seal. The second million notes printed would be serial numbered with the prefix B and the overprint "Series B 1875". This practice was performed on denominations $1, $5, and $10 Legals. Oddly the $100 is part of that practice though its total printing barely exceeded 120,000 pieces and considering the $20 and $50 denominations with much larger printings (but not exceeding 1,000,000 pieces) were not included in the practice. This issue is distinct because of its Allison-New signature combination but also unexplicably includes this overprint, the total number of survivors of which total only 13 pieces. Of those pieces three are in permanent institutional collections, including the lone Uncirculated example. Add then the Friedberg 170, which is also Series 1875, a mere four more examples are added to the number of collectible pieces available, all of which are VF in grade or lower. This note, which faces up like the best Extremely Fine or better examples, is then one of the moreeye appealing pieces out there. The note is deeply printed with a seal that is typically faint for the issue.
    From The Jeffrey L. Olyan Collection, Part 1

    View all of [The Jeffrey L. Olyan Collection, Part 1 ]

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    Auction Dates
    September, 2006
    13th-15th Wednesday-Friday
    Bids + Registered Phone Bidders: 6
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