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    Exceedingly Rare December 26, 1814 $100 Unsigned Remainder
    One of Two Known Examples

    United States - Act of December 26, 1814 $100 5-2/5% Treasury Note. Hessler X80C, Fr. TN-8. Unsigned Remainder. PMG Very Fine 30 EPQ.
    The $100 is the highest denomination issued from this act and is very rare. There are only seven confirmed examples documented of all printing and signature variations (including two proofs) of this type. This is an unsigned remainder, one of two known. The other example was last publicly sold in the March 2019 Joel Anderson sale (lot 3018). The Ford Part VIII sale did not have an example.

    Printed by Murray, Draper, Fairman & Co. in Philadelphia and similar to the June 30, 1812, and March 4, 1814, $100 notes. This uniface large format note is plate position A, with the size comparable to period drafts. Originally, it was part of a two-subject engraved copperplate printing on bond paper with red and blue silk fibers. An eagle with wings upraised is in flight at the upper right; it holds an olive branch entwined with greenery (right talon) and three arrows (left talon). At bottom center is an American shield amid flags and weaponry. Intricate side bordering contains texts. In the center are the required obligations. Engraved lines designate spaces for the following: in the top half, the serial number, date (in two forms), payee, and payment location; at the bottom, the signatures, one at the left for "Com'r of Loans" and two at right for "in behalf of the U. States" signers. In the right border, the oval cartouche contains the " ... duties taxes and Public lands" clause. At lower left is the interest payable per day, month, and year.

    Although without the three required signatures, it is partially prepared: issued to "P.G Vorhies" at "Philad'a" designated serial number 3016. Multiple folds are seen from the back, but this note retains its crispness. The bottom has a wavy and slightly inward cut. The only other example known is the Anderson Collection note sold in March 2019 (serial number 3013). That was also partially prepared--numbered and dated, but without any signatures. Prior to the Anderson sale, its last auction appearance was in our February 2005 Dallas Taylor Family Collection sale (lot 16721) where it realized an impressive $14,950. Mike was fortunate to obtain three $100 notes from this issue. This unsigned, partially prepared note is an important offering.
    From The Mike Coltrane Collection.

    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 45
    Lot Tracking Activity: N/A
    Page Views: 221

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