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    Description

    Serial Number 1 $100 Kansas City Plain Back

    Kansas City, MO - $100 1902 Plain Back Fr. 704 The National City Bank Ch. # (M)11037
    A fantastic note whose rarity is only now becoming widely recognized. The current National Bank Note census lists only 14 serial number 1 $100 large size Nationals encompassing all types combined. That count contains one Series 1875 example, two 1882 Brown Backs, a single 1882 Value Back, five 1902 Red Seals, a lone 1902 Date Back, and four 1902 Plain Backs. Almost half trace their pedigree to the famed Grinnell holdings, including this piece, which has been on the market only twice since 1945, the last time in 1992. Just about all of the fourteen specimens extant have been held by long term collectors, with only one having been offered during the past decade. Any estimate here is simply a guess, as none of the $100 Date Backs have reached the market since 2004, and that piece was considerably lower grade than this...which, by the way, is one of only two of the fourteen to reach the Uncirculated grade. Pen signed PMG Choice Uncirculated 64, with the notation "Good Embossing," a true wonder note worth whatever it realizes this evening.
    From The Riverdale Collection




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    Auction Info

    Auction Dates
    January, 2014
    8th-13th Wednesday-Monday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
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