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    Description

    Extremely Rare December 26, 1814 $100 Double-Signature Remainder
    Ex: Taylor Family Collection and 1952 ANA Sale

    United States - Act of December 26, 1814 $100 5-2/5% Treasury Note. Hessler X80C, Fr. TN-8a. Double-Signature Remainder. PMG Very Fine 30.
    A second $100 from the act, the highest denomination issued, and very rare in all forms. There are only seven examples documented of all printing and signature variations (including two proofs) of this type. This is a double-signature remainder, the second example from the Coltrane Collection, and perhaps the second finest of three observed. We sold Mike's other Fr. TN-8a in the November 4-5, 2020 sale.

    Like the $100 unsigned remainders, printed by Murray, Draper, Fairman & Co. in Philadelphia and similar to the June 30, 1812, and March 4, 1814, $100 notes. This is a uniface large format note in 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.

    This A plate position note is signed by Samuel Clarke and Edward Fox at the right end. It is missing the final signature of the Commissioner of Loans at the left. The paper is handled moderately. Two cross-cut cancellations (one partial) in the center are cited on the holder as "Cut Cancelled," and a vertical strip of foxing at the right crossing the signatures at the bottom is noted as "Stains." Ex: our February 2005 Taylor Family Collection sale, lot 16722; Private Collection; 1952 ANA Sale, lot 2467. Mike's other Fr. TN-8a, sold in November 2020, was an uncancelled PMG Very Fine 20 and saw enthusiastic bidding to $18,600. All earlier War of 1812 issues appear infrequently, except in collections such as Mike's, making this is an important opportunity to acquire such an extreme rarity.
    From The Mike Coltrane Collection.




    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 13
    Lot Tracking Activity: N/A
    Page Views: 213

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