LOT Old Heritage Auctions  /  2008 APR Rosemont (CSNS) Currency #3500  / 

12165

5c Second Issue Negative Essay Milton 2E5R.2f

Currency:USD Category:Coins & Paper Money Start Price:1,450.00 USD Estimated At:2,400.00 - 3,600.00 USD
5c Second Issue Negative Essay Milton 2E5R.2f
<B>5c Second Issue Negative Essay Milton 2E5R.2f PMG Choice Extremely Fine 45.</B></I> This beautiful Negative Essay back is printed in a brown color that is somewhat more golden than what was adopted for the regular issue. The paper is a soft, thin bond with just a very few scattered fibers throughout. These Negative Essays are extremely rare. For decades, there were none on the market, but the sales of the Friedberg, O'Mara, and Ford Collections over the past decade have freed up virtually the entire known supply of these pieces. The so-called "Negative Essay," "Reverse Matrix," or "Negative Matrix" reverse is in reality none of these three things. Early catalogs erroneously called these "Matrix Reverses," mistakenly believing that they were printed from matrix dyes (transfer rolls) rather than plates. Some also felt, as the Chapmans did, that the notes were printed from plates that had been made from other plates rather than from matrix dyes or transfer rolls. The term "Negative Reverses," or "Negative Essays," came from the appearance of the notes, which looks at a glance like a photo negative, that is, the dark areas appear light and the light areas appear dark. However, this is not consistent throughout the entire design, as the denomination, parts of the shield and the lettered ribbons are not reversed. This back design was simply an unadopted proposal where someone decided that certain design elements would look better reversed. Debate still continues today as to whether these Negative Essays or the adopted positive designs are the more handsome. The term "Negative Essay," while it would not be technically correct in the realm of professional photography, has been universally accepted by Fractional collectors, dealers and researchers. Most known Negative Essays have the typical half-moon hole cancels found on Experimentals. This piece is uncanceled and problem-free save for a tiny plugged hole. PMG has commented "Repaired."<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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