Exceptional Gem Fr. 348 1890 $1 Treasury Note
Finest at PCGS Banknote
Fr. 348. 1890 $1 Treasury Note. PCGS Banknote Gem Uncirculated 65 PPQ.
As a class, Gem Uncirculated $1 Treasury Notes aren't particular rare, but when examined in the context of individual Friedberg Numbers, the picture becomes clear and offers a stark contrast. Of those individual Friedbergs, Fr. 348 accounts for the rarest at this lofty grade level and the rarest as a whole with just over 100 examples recorded by Track & Price. At the Gem grade PMG records just two examples while PCGS Banknote records the note offered here as the sole Gem in their population report. Rare without any trace or semblance of doubt, few collectors can hope to claim a comparable example at any given time as such opportunities are few and far between as it has been over seven years since the last Gem (this very same note) crossed the auction block in 2017 and 12 years before that in 2005. From the incredible colors and exceptional workmanship from the heyday of the Bureau of Engraving & Printing to the exceptional details of Stanton's bespectacled portrait what you have is nothing short of an exceptional piece of numismatic Americana that stands as the Alpha to the Omega of the "Grand Watermelon" $1000 Treasury Note. Destined for an impressive collection or the case of a first-rate dealer, words alone cannot simply describe the impressive aesthetic and technical qualities that this note possesses.
From the Porter Collection.
Estimate: $40000.00- $60000.00
Price realized | 30'000 USD |
Starting price | 24'000 USD |