Fr. 187j $1,000 1880 PCGS XF 40 One Of Finest Known

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Large Size Type Notes > Legal Tender

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Fr. 187j $1,000 1880
Grade: PCGS XF 40    

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Design 32. Small red scalloped seal. In March 2007 a VF30 realized $258,750, which was the last sale of this rarity. There are just 13 serial numbers reported and none are graded higher than this example. None of the three higher listed grades have been TPG and old-time grading often varied a great deal from reality, often because it really was not important. In our old description that was called AU, but now it's not. Certainly as rare, desirable and important as any note offered in this collection. It remains my belief that probably only one of the purported higher grades is better. Maybe I'm wrong as I haven't seen them and my thoughts are based on past experience only. I know I would love to see a better example as it would be a very exciting note. In the meantime, this note remains the finer of the TPG examples. Truly a beautiful note and consistent with my prior statement, "Excellent note for the grade." The note brought $99,000 in CAAs September 2000 sale, and was offered by Jay Parrino in February 2002 at $150,000. Look this note over closely as it's a beauty.

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