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    Excessively Rare Virginia $100 Red Seal-One of Four Known

    Petersburg, VA - $100 1902 Red Seal Fr. 686 The Virginia NB Ch. # (S)7709
    A fantastic note which is one of the Old Line Collection's great rarities. Only about 125 $100 Red Seals are known from all banks in the country combined, with Virginia accounting for only four examples. One of those notes is a piece from Parksley graded "Good" which has been off the market so long its serial number is unrecorded, and three of those notes come from this Petersburg bank. Only one of those three pieces has been available to collectors during the past two decades, with that note being this example, which our consignor obtained when the Steve Michaels collection of $100 Red Seal Nationals was sold at the 1997 Memphis sale. Fortunately for collectors, this example is bright for the grade, with a vivid red overprint and strong signatures. PCGS mentioned a repaired edge split at top center and minor margin tears as the reason for the apparent grade. Any estimate of what this PCGS graded Apparent Fine 15 note will realize tonight is a true speculation, but if rarity and desirability are any guide, expect our figure below to err on the conservative side.
    From the Old Line Collection

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    Auction Info

    Auction Dates
    June, 2010
    17th-21st Thursday-Monday
    Bids + Registered Phone Bidders: 0
    Lot Tracking Activity: N/A
    Page Views: 229

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