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Large Size Type Notes > Treasury Notes

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Fr. 378 $100 1891
Grade: PMG VF 20 Net    

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The open-back $100 Treasury Note is far rarer than the early Watermelon issue of 1880. There are only 12 examples known, including five in institutions, leaving collectors seven examples, with the finest grading VF/XF. This is one of four examples found together, before my time, that had been found pinned to a drifter's coat. Each of them had evidence of being burned, I believe, or the edge has since been restored. It has been nearly five years since an example has sold. PMG notes some restoration.

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