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

12613

Milton 1DP25F.2 25¢ First Issue PMG Gem

Currency:USD Category:Coins & Paper Money Start Price:1,250.00 USD Estimated At:5,000.00 - 8,700.00 USD
Milton 1DP25F.2 25¢ First Issue PMG Gem
<B>Milton 1DP25F.2 25¢ First Issue Trial-Color Die Proof PMG Gem Uncirculated 66 EPQ.</B></I> Both this and the previous lot share the same pedigree string. These two lots have been auctioned four times in 103 years, and each time they were two consecutive lots. We first sold them as part of the Friedberg Collection in 1997, with a description that still works fine, "This plate proof, which is in Superb condition, is identical to the face offered in the previous lot. In fact, it was in the same Chapman sale. It was the very next lot (#567) of the auction held on October 20, 1904. Its only difference from the previous face is in its color, which was well described by the Chapman Brothers, '25¢ 1st Issue in grayish smokey brown on thin, stiff, pale lemon paper, face only, unique'." In that sale, the piece brought $16, which was a simply amazing price at that time. Frederick Mayer acquired both this and the previous lot, once again keeping the set together, as it has been since prior to 1904. (5000-up)<BR><I>CAA O'Mara May 2005; previously CAA Friedberg January 1997; previously Chapman Bros. Pick collection October 20, 1904.<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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