Introduction to the Fr.121m 1901 $10 Mule ‘Bison’ Legal Tender Note

The Fr.121m 1901 $10 Mule ‘Bison’ Legal Tender Note is a remarkable piece of American numismatic history, encapsulating the economic and artistic sensibilities of the early 20th century. Issued during a period of significant growth and change in the United States, this note was introduced as part of a broader effort to standardize and modernize the nation’s currency. The 1901 series, to which this note belongs, was authorized under the Act of March 14, 1900, also known as the Gold Standard Act, which aimed to stabilize the currency and reinforce public confidence in the monetary system.

This particular note is distinguished by its striking design, which features an imposing American bison flanked by portraits of the renowned explorers Lewis and Clark. The imagery not only celebrates American wildlife and the spirit of exploration but also reflects the nation’s burgeoning sense of identity and pride. The intricate artwork and detailed engraving make the Fr.121m 1901 $10 Mule ‘Bison’ Legal Tender Note a prized possession among collectors and historians alike.

One of the most intriguing aspects of this note is its classification as a ‘mule’ note. In numismatics, ‘mule’ notes are characterized by having mismatched plate numbers on the front and back, a result of using plates from different series during the printing process. This anomaly adds an extra layer of rarity and desirability to the Fr.121m 1901 $10 Mule ‘Bison’ Legal Tender Note, making it a sought-after item for collectors. The presence of this mule feature underscores the complexities of early 20th-century currency production and highlights the craftsmanship involved in creating these financial instruments.

Overall, the Fr.121m 1901 $10 Mule ‘Bison’ Legal Tender Note is not just a piece of paper money but a tangible link to a formative period in American history. Its combination of historical significance, artistic merit, and unique characteristics ensures its continued importance in the field of numismatics.

Design and Features of the Bison Note

The Fr.121m 1901 $10 ‘Bison’ Legal Tender Note stands as a testament to the intricate craftsmanship and artistic prowess of early 20th-century American currency design. Central to this note’s allure is the prominent depiction of a bison, etched meticulously in the center. This iconic animal, symbolizing the untamed American frontier, captures the spirit of the era. Flanking the bison are the portraits of Meriwether Lewis and William Clark, the famed explorers whose expeditions embody the spirit of adventure and discovery. Their inclusion on the note not only enhances its historical significance but also underscores its commemorative nature.

The color palette of the Bison Note is equally striking. Dominated by a deep red hue, it contrasts vividly with the dark ink used for the intricate designs and inscriptions. This choice of colors enhances both the visual appeal and the legibility of the note’s features. Detailed engravings of American emblems and ornamental patterns further enrich the design, reflecting the high level of artistic and technical skills employed by the engravers.

Security features were also thoughtfully integrated into the note’s design. The use of fine line engravings and complex patterns served as a deterrent against counterfeiting, a common concern of the period. Additionally, inscriptions such as “This Note is a Legal Tender” and the denomination’s value are prominently displayed, providing both clarity and authenticity.

Noteworthy inscriptions and details, including the signatures of the Treasurer and Register of the Treasury, add another layer of historical context and authenticity. The craftsmanship of the Fr.121m 1901 $10 ‘Bison’ Legal Tender Note not only makes it a visually captivating piece but also a highly desirable item among collectors. Its artistic value, combined with its historical significance, ensures that this note remains a cherished artifact in the realm of numismatics.

Grading and Condition: Understanding PCGS 35 CMT

The Professional Coin Grading Service (PCGS) employs a meticulous grading system to assess the condition and authenticity of currency, including the Fr.121m 1901 $10 Mule ‘Bison’ Legal Tender Note. A grade of 35 CMT, or Choice Very Fine, is a mid-range grade indicating a note that has been circulated but remains in relatively good condition. Specifically, PCGS evaluates various criteria such as centering, margins, and signs of wear or handling to determine this grade.

Centering refers to the alignment of the design elements within the borders of the note. A well-centered note is more desirable and typically garners a higher grade. Margins, or the spaces surrounding the design, are also crucial; they should be even and free from cuts or tears. Wear and handling are inevitable in circulated notes, but a PCGS 35 CMT grade suggests that any such signs are moderate and do not significantly detract from the overall appearance or structural integrity of the note.

The condition of a note directly influences its value and collectability. A PCGS 35 CMT Fr.121m 1901 $10 Mule ‘Bison’ Legal Tender Note, while not in mint condition, still holds significant value due to its historical importance and relative preservation. Collectors can expect a note with good color retention, minimal soiling, and only minor creasing or folds. This contrasts with lower grades, such as Very Good or Fine, where notes exhibit more pronounced wear, heavier folds, and potential damage.

In comparison, higher grades like Choice Extremely Fine (45) or Uncirculated (60-70) indicate notes with minimal to no handling marks, superior centering, and pristine margins. Such notes command premium prices and are highly sought after by collectors. Thus, understanding the nuances of the PCGS grading system, especially what a 35 CMT signifies, is essential for anyone looking to assess the quality and investment potential of the Fr.121m 1901 $10 Mule ‘Bison’ Legal Tender Note.

Market Value and Collectability

The market value of the Fr.121m 1901 $10 ‘Bison’ Mule note, particularly in the PCGS 35 CMT grade, reflects a combination of factors including rarity, demand, and historical significance. As one of the more coveted notes in American numismatics, its price tends to be influenced by its unique design, limited availability, and the overall condition of the note.

Rarity plays a significant role in the value of the Fr.121m $10 ‘Bison’ note. The ‘Mule’ variant, characterized by mismatched plate numbers on the face and back, is less common than its counterparts, making it especially desirable among collectors. In the PCGS 35 CMT grade, which denotes a note with good eye appeal and only minor signs of wear, the note commands higher prices compared to those in lower grades.

Demand is driven by both seasoned collectors and history enthusiasts. The 1901 $10 ‘Bison’ note is celebrated for its distinctive artwork featuring a bison, and portraits of explorers Lewis and Clark, contributing to its allure. Its historical significance, as a piece of American heritage, further elevates its desirability and, consequently, its market value.

Recent auction results indicate a strong market for the Fr.121m $10 ‘Bison’ note in PCGS 35 CMT grade. Prices have ranged from $3,000 to $7,000, depending on the note’s condition and provenance. The numismatic market has shown a consistent appreciation for this note, with trends suggesting a gradual increase in value over time.

For collectors interested in acquiring the Fr.121m 1901 $10 ‘Bison’ Mule note, it is crucial to verify authenticity through reputable dealers or auction houses. Ensuring the note has been graded by a recognized authority like PCGS provides added confidence in its authenticity and condition. Collectors should also be mindful of market trends and seek expert advice to make informed investment decisions.

Overall, the Fr.121m 1901 $10 ‘Bison’ Mule note in PCGS 35 CMT grade represents a valuable addition to any collection, offering both historical significance and potential for appreciation in value.