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Important $100 Red Seal Federal Reserve Note One of the Top 3 Graded by PCGS

By Stack's Bowers Galleries

Author: Stack's Bowers Galleries / Thursday, January 31, 2019 / Categories: Highlights from the Joel R. Anderson Collection

This week’s message is a change to a note that is indeed elusive, but not a landmark rarity. PCGS has graded only seven examples, with two at the 66 level, as here, and one finer. It will be a superb addition to a high-grade specialized collection.

Day by day, week by week, excitement continues to build as Part 4 of the Joel R. Anderson Collection approaches. The venue will be the ever-popular Whitman Coin & Collectibles Expo in Baltimore on Thursday evening, February 28th. You are cordially invited to attend this dynamic show and view the Anderson notes in person as well as see the many other coins, tokens, medals, and paper money in our multiple auction sales. We have been the official auctioneer of the Expo since day one. Our upcoming series  of auctions is one of the most diverse and valuable ever. In addition to the Joel R. Anderson Collection, currency is offered in the Caine Collection (rare federal proof notes) and in another catalog. The net result is that if you are at all interested in paper money, this is the place to be for many buying opportunities.  

As to the unique Joel R. Anderson Collection sale, you are invited to attend   as it takes place, as a bidder or as an observer to see numismatic history as it is being made. Alternatively, you can view the notes on our Internet site and participate in the sale in real time as a bidder online.

The Anderson Collection by definition includes notes from affordable and available to great rarities. The word “rare” is common among the over 200 notes in the collection. Not exclusively, however, as there are many relatively inexpensive notes. Others are in between, such as this $100 Red Seal Federal Reserve Note. 

Every note is among the very finest of its kind, as here.  Below is our catalog description:

 

Stunning Gem $100 Red Seal Federal Reserve Note

Lot 4041. Friedberg 1072a (W-3700-A-a). 1914 Red Seal $100 Federal Reserve Note. PCGS Currency Gem New 66 PPQ.

PCGS Currency has graded just seven examples of this elusive design type in the Gem grade range or higher. This $100 Red Seal is from the Federal Reserve Bank of Boston as attested to by the black district seal at left which features a bold “1-A” within. At center is a profile of founding father Benjamin Franklin facing to the right. A red scalloped Treasury Seal is at right. Red printed serial numbers are to the lower left and top right. The Treasury official signatures are Burke and McAdoo. This is a Plate Style a variety note with a large district number and letter at bottom left and top right and small plate letters at top left and bottom right. The back features an intricate design with five allegorical figures representing Labor, Plenty, America, Peace and Commerce.

Red Seal Federal Reserve Notes of the Series of 1914 were replaced after less than a year when, as noted above, the BEP could no longer import red ink from Europe due to the outbreak of World War I. The overprints were printed in blue from then on with the latter type being far more available. This note last appeared publicly in a June 2008 auction where it realized $66,125.

PCGS Population: 2, 1 finer.

From Stanley Morycz Fixed Price List of January 1995; Currency Auctions of America’s sale of June 1995, lot 300; Lyn Knight’s sale of June 2001, lot 1000; Lyn Knight’s sale of November 2001, lot 268; Lyn Knight’s sale of June 2008, lot 2585.

Est. $40,000-$50,000