PMG Registry Set Showcase: Stacks and Stacks of Hundreds

Posted: 1/3/2011

The Small Size Federal Reserve Note $100 set is an area where Registry participation is expected to grow.

This month we’re looking at the Small Size Federal Reserve Note $100 Set. To be 100% complete, this set requires a $100 bill from every series of Small Size Federal Reserve Notes issued from 1928 to date, a total of 31 different notes. There’s always interest in this larger denomination because it’s the highest face value bill currently printed in the US, and accordingly over 30 different collectors are building sets in this category.

Because only one note from each district is required from each series, a fun way to explore building this set is to look at the combined PMG populations by series. While an individual note might be scarce, certified examples from a particular series might be more common than first thought. PMG has certified a total of 4,148 $100 Federal Reserve Notes. Here’s a full breakdown of PMG population by series:

PMG Population - $100 Federal Reserve Notes
SERIES F - XF AU 60-64 65-66 67-70 TOTAL HIGHEST
1928 110 59 28 44 0 241 66 EPQ
1928A 102 86 82 69 1 340 67 EPQ
1934 115 145 194 174 4 632 67 EPQ
1934A 28 29 29 15 0 101 66 EPQ
1934B 18 22 5 25 0 70 66 EPQ
1934C 16 13 16 17 2 64 67 EPQ
1934D 7 4 2 2 0 15 66 EPQ
1950 19 34 54 36 4 147 67 EPQ
1950A 10 16 3 14 1 44 67 EPQ
1950B 16 24 61 25 3 129 67 EPQ
1950C 6 12 44 30 2 94 67 EPQ
1950D 25 46 51 51 8 181 68 EPQ
1950E 22 28 17 23 0 90 66 EPQ
1936A 14 35 19 54 20 142 67 EPQ
1969 9 19 14 83 0 125 66 EPQ
1969A 3 2 6 18 4 33 67 EPQ
1969C 10 14 32 101 3 160 68 EPQ
1974 11 15 29 19 3 77 68 EPQ
1977 21 25 12 15 4 77 67 EPQ
1981 10 10 3 24 0 47 66 EPQ
1981A 6 10 2 26 3 47 67 EPQ
1985 10 10 24 70 18 132 67 EPQ
1988 11 11 4 44 8 78 68 EPQ
1990 47 52 52 81 13 245 69 EPQ
1993 10 14 7 18 6 55 68 EPQ
1996 69 80 41 84 21 295 69 EPQ
1999 13 68 25 117 8 231 67 EPQ
2001 10 12 18 25 12 77 69 EPQ
2003 6 13 3 37 13 72 67 EPQ
2003A 6 11 2 33 13 65 68 EPQ
2006 4 2 1 20 15 42 68 EPQ

Looking at the populations there are several series that are represented with fewer than 100 examples. The scarcest is the series 1934D, of which PMG has certified just 15. No surprise, really, as less than a million were printed.

Turning back to the Registry Sets, although there clearly is interest in $100 bills, only three sets are more than 40% complete and many have just three or fewer of the 31 notes required. With that said, nine of the sets in this category have been updated within six months, so it is an active category.

The top ranking set in the category belongs to West Coast, the West Coast Small Size Federal Reserve Note $100 Set. It’s 77% complete including 24 of the required 31 notes, but every single note grades PMG 65 EPQ or better. It also includes a PMG 68 EPQ, one of just 18 Small Size FRN $100 bills graded at this level. (PMG has graded only four 69s in this category in its entire history.)

The lone complete set in this category is owned by WACHS. His WACHS - Small Size Federal Reserve Notes, $100 Complete Set is mixed in grade ranging from F 12 to 67 EPQ. The goal, according to the set description, was completion and as the only complete set in the category it seems to be a lofty goal to have attained. (Congratulations WACHS!) This set is great to look at because WACHS has imaged every single note. A fun way to explore this set is by examining the gallery view of his set.

With the new $100 bill coming out next, there is much more buzz in this Series, and it’s an area where Registry participation is expected to grow.




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