LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Currency Auction #456  / 

12347

Fr. 1310a 50c First Issue Uncut Pair PMG Choice

Currency:USD Category:Coins & Paper Money Start Price:6,750.00 USD Estimated At:8,000.00 - 12,000.00 USD
Fr. 1310a 50c First Issue Uncut Pair PMG Choice
<B>Fr. 1310a Fr. 1310a Milton 1R50.3d 50¢ First Issue Perf. 14 Vertical Pair PMG Choice Uncirculated 64 EPQ.</B></I> This pair has no folds and it's well perforated, with excellent face margins and with the wide top selvage intact. This is the extremely rare perforated 14 variety. Perforated 14 refers to the number of perforations per 20mm of edge length. The normal perforations on First Issue Notes are larger: perf. 12, or 12 perforations per 20mm of edge length. The generally accepted history of these more-tightly-perforated notes is that they were conjured-up from two imperforated sheets by dealer Harlan P. Smith around 1890. Although there is no documentary evidence, there is considerable circumstantial evidence that Smith perforated these sheets himself. As Blake, Valentine, Limpert and Rothert listed this variety as genuine, it remains highly desirable and collectible in spite of its private production. Until now only one other pair was known to exist, part of the Crofoot Collection in the Smithsonian. Perhaps this may be part of a vertical strip of four which was in the F.C.C. Boyd estate. In September, the Mayer example, which was not as nice as this piece, realized over $6000.<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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