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    Important and Choice Fr. 97 $10 1875 Rarity

    Fr. 97 $10 1875 Legal Tender PMG Very Fine 30.
    Infrequently offered for sale, and one of the great rarities in the Legal Tender series. We catalog them only occasionally, and often we go several years without handling an example. It is not an understatement to say that most large size type sets are missing Fr. 97. The face design was introduced with the 1869 "Rainbow" series: the lower left shows Daniel Webster; the lower right features Pocahontas being introduced to the English Royal Court. The bottom center displays the eagle that when inverted creates the "Jackass" image that inspired the nickname associated with these $10 notes and series to follow. Currently Track & Price records 17 examples. Mike acquired this privately at the Memphis show in 1993 when it was in the census as "AU." Certified for the first time; there is no hard creasing, and we consider the PMG grade to be conservative. This note has the eye-appeal of a higher-grade example and will be treasured in any collection. Strong auction records always follow Fr. 97 with the Tom Flynn note in the same grade as Mike's example realizing $23,000 in 2008. We most recently auctioned that piece again at our 2019 ANA Platinum session for $20,400. One of the finest known, and there are no uncirculated examples of which we are aware. PMG notes "Closed Pinholes," but this is minor on such an important note. A generous five-figure destiny is appropriate for this prize.
    From The Mike Coltrane Collection.


    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 16
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