Fr. 341 $100 1880 Silver Certificate PMG Extremely Fine 40....

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Scarce $100 Silver Type

Fr. 341 $100 1880 Silver Certificate PMG Extremely Fine 40. Exactly two dozen examples of this esthetically pleasing issue have been reported, though six of those are in government collections and museums, permanently out of reach for collectors. To date, only two other pieces have been graded higher by PMG or PCGS. Our description of the note when it was raw came with its appearance in our 1994 Memphis Auction, "This magnificent note appears Gem New under all the very closest scrutiny, and is utterly without repair, restoration, or problems of any kind. This large impressive vignette of James Monroe has a photorealistic appearance, with even the gleam in his eyes clearly evident." Embossing of the finely engraved lines in Monroe's jacket are still plainly evident. PMG has noted "Minor Margin Splits," which seems nit-picking in the extreme, as we can only locate one and it is a mere millimeter or two in length, plenty distant from the design. It does however, demonstrate the utter originality of the note. In 2006, this piece realized $270,250 at auction. While we do not expect a similar realization, recent results from two other condition census notes above the $200,000 level lead us to believe a fair estimate to be...
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