1882 $100 Gold Certificate – Fr. 1215 | PMG 35 EPQ | Rare “Benton” Note

Fr.1215 1882 $100 Gold Certificate “BENTON”, PMG 35 EPQ #337

The Fr.1215 1882 $100 Gold Certificate, commonly referred to as the “Benton” Gold Certificate, is a historically significant and highly collectible U.S. banknote. This particular example, graded PMG 35 EPQ (Extremely Fine with Exceptional Paper Quality), is an outstanding representation of a rare and sought-after gold-backed currency issued during the late 19th century.

Historical Background of the 1882 $100 Gold Certificate

Gold certificates were a unique form of paper money issued by the U.S. Treasury and backed by gold held in federal reserves. They functioned as legal tender and were redeemable for an equivalent amount of gold coin upon demand. The Series of 1882 marked an important period in U.S. currency history, with gold certificates circulating as a key part of the nation’s monetary system.

The Fr.1215 designation identifies this specific note as a $100 Gold Certificate from 1882, featuring a bold and intricate design with a portrait of Thomas Hart Benton, a U.S. Senator known for his advocacy of “hard money” policies favoring gold and silver over paper currency. Benton’s legacy as a strong proponent of sound money made him a fitting figure for this denomination.

Design Features and Notable Characteristics

The 1882 $100 Gold Certificate stands out for its elegant and historically rich design. Key design elements include:

• Portrait of Thomas Hart Benton – Benton’s detailed engraved portrait is featured at the center of the note.
• Gold Seal and Overprint – The words “Gold Certificate” are prominently printed in gold ink, signifying its gold backing.
• Ornate Border and Treasury Signatures – The intricate frame and design elements add to the visual appeal and authenticity of the note.
• Reverse Design – The back of the note features an elaborate green pattern, commonly seen in gold certificates of the era.

PMG 35 EPQ – Extremely Fine with Exceptional Paper Quality

The PMG 35 EPQ (Extremely Fine, Exceptional Paper Quality) grade places this note in the upper tier of collectible gold certificates. PMG (Paper Money Guaranty) is a highly respected grading authority, ensuring authenticity and preserving value.

Key Features of this PMG 35 EPQ Graded Note:

• Sharp details with vibrant gold overprint
• Crisp paper with only moderate handling wear
• Original paper quality without restorations or major damage
• Bright colors and strong ink contrast

The EPQ (Exceptional Paper Quality) designation is particularly important, as it signifies that the note retains its original paper integrity without signs of tampering or enhancement. This makes it even more desirable among collectors.

Why Is This Note So Rare and Valuable?

Several factors contribute to the high demand and value of the Fr.1215 1882 $100 Gold Certificate:

1. Limited Survivors – Due to the recall of gold certificates in the 1930s, most examples were redeemed and destroyed, making surviving notes incredibly scarce.
2. High Denomination – At the time of issue, $100 was a significant sum, meaning fewer people held onto these notes compared to lower denominations.
3. Strong Eye Appeal – The Benton portrait, gold overprint, and intricate design make this note a visually stunning piece of U.S. paper money history.
4. Investment Potential – High-grade gold certificates have consistently appreciated in value, making them a solid investment for collectors and numismatists.

Final Thoughts on This Historic Note

The Fr.1215 1882 $100 Gold Certificate “BENTON” is a numismatic treasure, combining historical importance with stunning artistry. Its PMG 35 EPQ grade ensures strong preservation, and the rarity of high-denomination gold certificates further enhances its desirability.

For collectors seeking a rare and historically significant gold certificate, this PMG 35 EPQ graded note (#337) represents an excellent opportunity. With its limited surviving population and strong eye appeal, it remains a standout piece in any serious currency collection.