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    Important Late Issued Woods-White Signatures $100 1902 Plain Back
    One of Two Known

    New York, NY - $100 1902 Plain Back Fr. 707a The Bank of America National Association New York Ch. # 13193 PMG Very Fine 25.
    This is an exceedingly rare and important Friedberg number type. It was unknown until 1975, when a Virginia coin dealer purchased serial number 920 in his shop and discovered the variety. In 1980, this serial 1800 note surfaced, and no further examples have appeared since. Mike acquired this privately in 2018 after it was previously held strongly in a New York collection for over a decade. Although there have been auction offerings in the past four decades of the two known Fr. 707a notes, that Friedberg number's background had not been recounted since its NASCA description in 1980. In the late 1920s, at the end of large size currency issuance, there were three late treasury signature combinations. Only The Bank of America National Association New York used the Woods-White pairing on 1902PB $100 notes. The two notes are a miracle of survival as their high face value would have left them prone to be converted to new small size notes in 1928. When sold in 1980, this was the Hessler plate note in his Comprehensive Catalog of U. S. Paper Money.

    An appealing example, exceptionally clean faced, well margined, and with sharp signatures. The minor back soiling is more than offset by its excellent green color. Superior in eye appeal to the serial number 920 note (Ex: our Flynn and Greensboro Part II collection sales). Though Mike acquired this privately, it has four public auction appearances; the last was 25 years near to the day of this sale. Lyn Knight, June 22, 1996 Memphis Sale, lot 329 (realized $1,760); our Currency Auction of America, November 1992 sale, lot 2451; NASCA, June 6-7, 1980 Memphis sale, lot 707; Paramount's June 8, 1977 sale, lot 223. A key late, large size type note and vastly underrated as such.
    From The Mike Coltrane Collection.

    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 21
    Lot Tracking Activity: N/A
    Page Views: 312

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