Friedberg 1074a. 1914 Red Seal $100 Federal Reserve Note. Philadelphia. PMG Choice Uncirculated 64. Serial Number 1. Serial number 1 $100 Red Seal FRNs are only known from five of the 12 districts. The wonderful Choice example offered here is from the Federal Reserve Bank of Philadelphia and features serial number C1A in sharp red inks at the lower left and upper right. Just 16 examples are known for the catalog number. The black district seal at left has a bold "3-C" within. At center is a profile of founding father Benjamin Franklin facing to the right. A red scalloped Treasury Seal is at 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 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 is the finest example of the catalog number that PMG has graded by a wide margin. The grading service does make mention of a "Closed Pinhole" on the back of the holder, though there is no affect to the aesthetic appeal of this remarkable trophy note. <em>From Stanley Morycz Fixed Price List of August 1998; Lyn Knights sale of June 2000, lot 483; Lyn Knights sale of October 2004, lot 126. </em>
