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Fr. 92 $5 1907 Legal Tender PCGS Gem New 66PPQ....
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Sold on Sep 19, 2008 for:
$9,775.00
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Description
Finest PCGS Graded Fr. 92-Tied With One Other for Finest Known
Fr. 92 $5 1907 Legal Tender PCGS Gem New 66PPQ. This is an extraordinary note in all respects. Fr. 92 (the last of the $5 Legals) is a scarce but not a terribly rare Friedberg number until one reaches the top tier of the uncirculated grades, where the population becomes listed in single digits. By Gem New 65, the population graded by each service shrinks to one note for each service, and by the time the grade of Gem New 66 is reached the number again comes up as one for each service, with this the sole example to reach that grade from PCGS. This is a notoriously ill margined Friedberg number, but this specimen has as much margin on both the top and bottom as any Fr. 92 we've ever seen. The back centering is well nigh perfect, and the note is blazingly original and perfectly printed. It also contains the "PCBLIC" engraving error on the reverse, which is noted on the PCGS holder. The whereabouts of the other Fr. 92 which has been graded 66 (by PMG) is unknown, and, according to Track & Price, neither of the two graded 65 examples have crossed the auction block either. The only comparison we can come up with is the PMG 64 (a note which is truly worlds away from this example in desirability) which sold for $2990 in our Central States sale. If that sale is any guide, expect this "Finest Known" specimen to easily reach and perhaps well exceed our likely conservative estimate of...Auction Info
2008 September Long Beach, CA CAA Signature Auction #3502 (go to Auction Home page)
Auction Dates
September, 2008
17th-21st
Wednesday-Sunday
Bids + Registered Phone Bidders: 3
Lot Tracking Activity: N/A
Page Views: 534
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15% of the successful bid per lot.
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