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

12605

Fr. 1280 Milton 1R25.2 25¢ First Issue Block of

Currency:USD Category:Coins & Paper Money Start Price:2,500.00 USD Estimated At:10,000.00 - 17,400.00 USD
Fr. 1280 Milton 1R25.2 25¢ First Issue Block of
<B>Fr. 1280 Milton 1R25.2 25¢ First Issue Block of Eleven PMG 55 EPQ.</B></I> Mr. Mayer acquired this extremely rare "no motto" perforated multiple as Lot 498 of CAA's January 1997 Milt Friedberg Collection sale. We described it there, "Fr. 1280 is a very scarce note in its own right, and multiples are even more so. When perforated multiples are seen, they are generally just barely hanging together. This magnificent block is a wonderful exception. All eleven notes hang tightly along their perforations, without even a hint of a split. The colors are bright, and the notes are beautifully fresh. Taken individually, nine of the eleven notes would grade fully Gem but for their centering, which is a bit varied, as these rows of perforations are less than perfectly straight. This is one of the most important multiples in Milt's landmark collection, and it will make a wonderful prize for the collector lucky enough to take it home." At that sale, where it was also graded About New, it realized $2645, an extremely strong price for ten years ago on an evening when Fractional collectors' budgets were stretched to the breaking point! On the current market, the eleven individual notes would be worth far more than double the price paid for the block in 1997. We would not be at all surprised if this irreplaceable item reached or exceeded... (10,000-up)<BR><I>From the Currency Auctions of America January 10, 1997 Milt Friedberg Sale, Lot 498. Previously Lot 2024 from Bowers & Ruddy's Russell sale, June 20, 1977. Previously Lot 1133 of the H.R. Harmer June 10, 1968 auction.<BR>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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