Fr. 378. 1891 $100 Treasury Note. PMG Very Fine 25.

Tough and Extremely Rare Fr. 378 Series of 1891 $100 Treasury Note One of Hardly a Dozen Recorded A Great Rarity from the 1890s Fr. 378. 1891 $100 Treasury Note. PMG Very Fine 25. Here is a great rarity that is nonetheless a deceptive one dating to the 1890s. Issued under the Series of 1891, this $100 Treasury Note follows the same aesthetic basis of the so-called "Baby Watermelon" issued under the Series of 1890, but reflects period Treasury Department dictates which forced the retirement of the ornate designs favored by the preceding series imprint as overly complicated designs were thought to be more susceptible to counterfeiters. As a result, the intricate accoutrements and masses of floral scrollwork typical of the Series of 1890 responsible for the "Baby Watermelon" moniker were discarded in favor of a much more generic design consistent with the Series of 1891. Here the guarantee clause can be found at center within an engraved roundel emblazoned "ONE HUNDRED" while a quartet of counters variously emblazoned "C" or "100" can be found in the corners of he design complementing a few scattered flourishes of floral scrollwork that lend a degree of detail to a composition where "openness" accounts for the visual norm. Additional cartouches may also be seen in the top and bottom margins emblazoned "TREASURY NOTE" or "ONE HUNDRED DOLLARS" speaking to the relatively subdued nature of this design in relative terms when held against the Series of 1890. To that end, it would be foolish to overlook this note because of a subdued back design when looking to the overall numismatic calculus. Per Track & Price, the recorded population for this specific Friedberg Number is roughly a third of the population recorded for the Series of 1890 with only 13 pieces enumerated. Recent auction offerings do trace a number of appearances over recent years and decades with the most recent dating to January 2023. That example which earned a numerical grade of "25" and carries a comment which states "Restoration" sold for approximately $168,000 once bidding had concluded. Another example with a numerical grade of "30" sold in March 2020 as part of the D. Brent Pogue Collection (Lot 6116) for approximately $126,000 just before the COVID-related increases completely upended the collectibles market. Compared to those pieces, this example straddles both in technical terms and is easily the visual equal of both. Assigned a grade of Very Fine 25 by the likes of PMG with a comment that states "Stains Lightened," one would be remiss to overlook no shortage of attractive qualities conveyed by this handsome specimen that managed to avoid redemption. Anchored at right by portrait of David G. Farragut (1801 - 1870) who ultimately attained the rank of Admiral in 1866, Farragut's portrait is certainly unusual among contemporary portrait choices. Along with Stephen Decatur and Oliver Hazard Perry, Farragut was the third Naval officer to be featured on a Federally-issued banknote albeit only the second to earned a portrait. Here Farragut's likeness may be seen opposite a veritable tapestry of engraved and overprinted detail that offers an mirrored reflection of the Series of 1890. A large ovoid counter emblazoned "100" may be seen at center between "ONE HUNDRED DOLLARS" and "UNITED STATES OF AMERICA" acting as a veritable anchor that proudly proclaims the denomination while the serial number panels and counters effortlessly speak to the same form popularized by the Series of 1890 which should rightly make this example the perfect potential addition for a collection that can be considered "exceptional." PMG comments "Stains Lightened." Estimate: $125,000 - $175,000. Click here for certification details from PMG.

Estimación:€67,113.75

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