High-quality single phase polycrystalline sample of 110K superconductor (Bi,Pb)2Sr2Ca2Cu3Oy was prepared, the temperature of zero resistance of which is 107K. In this paper, the formation and transformation of the 2201, 2212 and 2223 phase, and the influence of quenching temperature are discussed. The measurement of complex susceptibility shows the strength of Josephson coupling among the superconducting grains depends on the process of sample preparation. The specific heat jump is △c(107K) =5.3J/molK, and the Sommerfeld cntant is γ = 34.6mJ/molK. The specific heat jump is related to the heat treatment of samples strongly. The eletron diffraction analysis and measurement of the oxygen content of these samples are made. The relationship between the oxygen content and the superconducting volume fraction is also discussed.