LOT Old Heritage Auctions  /  2007 Sept Long Beach, CA Sig Currency #448  / 

12584

Fr. 1231SP 5¢ First Issue PMG Gem Uncirculated

Currency:USD Category:Coins & Paper Money Start Price:1,500.00 USD Estimated At:3,000.00 - 5,220.00 USD
Fr. 1231SP 5¢ First Issue PMG Gem Uncirculated
<B>Milton 1P5R.1d</B></I> <B>5¢ First Issue Wide Margin Back Proof PMG Gem Uncirculated 66 EPQ.</B></I> This and the next lot are very rare examples of the no-frameline First Issue Backs. All normal Wide Margin First Issue Specimen Backs have a thin but bold black frame line that surrounds the engraving at about the distance where the edges of a Regular Issue note would be. This and the next lot lack that frame line, but they are identical in all other respects to normal Wide Margin specimens. An unproven but generally accepted theory is that these were produced for Treasury specimen books but were not used. The 25¢ note that appears in those books also lacks the frame line but has the "ABNCo." monogram, which these notes lack. The Liechty Collection, which we sold in January of 1994, contained an example of all three known denominations (no 25¢ is known.) Milt had only a 5¢ in his collection. Tom O'Mara had both this 5¢ and the 10¢ that follows. We believe that there are two 5¢ pieces known, two 10¢, no 25¢ and a single 50¢. The extreme rarity of this note combined with the very high PMG grade should bring the price well into four figures. <BR><I>From The Frederick Mayer Collection</B></I><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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