Friedberg 199 (W-3245). 1863 $100 Interest Bearing Note. PCGS Currency Very Fine 30.This is the second of two Fr. 199 (W-3245) notes featured in the Joel R. Anderson Collection. The design type depicts Washington standing at center with allegorical depictions of emThe Guardian/em at left and emJustice /emat right. Large green C counters flank Washington at left and right while a large green security panel is centered below the central vignette. A large red spiked Treasury Seal is found at top right along with a February 17, 1864 issue date. The green printed back is intricately detailed with 100 counters to left and right, and the obligation found within a round frame at center.pThere are three examples known of this catalog number. In March 2018 we sold serial number 17148, also from the Joel R. Anderson Collection and graded Very Fine 30 by PCGS Currency, for $240,000. That example had minor edge restorations mentioned by the grading service. The presently offered note, with serial number 834, is free of any repairs or other impairments. It is well margined on wholesome, evenly circulated paper. This note and the prior Anderson example are the only two Fr. 199s (W-3245s) that have ever been offered at public auction. The third recorded note has never entered the marketplace to our knowledge and was only reported by one dealer 25 years ago. The currently offered note has passed through the notable collections of Robert Schermerhorn and Harry Bass. This is an outstanding rarity and it may be years before collectors get another chance to secure this design type.ppFrom Robert F. Schermerhorn; Harry Bass Research Foundation; Bowers and Merenas sale of May 1999, lot 104; Lyn Knights sale of June 2000. lot 309; Heritage/CAAs sale of May 2005, lot 16685.
