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Fr. 1339SP 50¢ Third Issue Spinner Type II Wide Margin Back PMG Gem Uncirculated 66....

Lot: 14559, Auction: 2009 September Long Beach, CA Signature CAA Currency Auction #3506

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Ended: Sep 10, 2009
Item Activity: 2 Internet/mail bidders
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Description:

Wide Margin Type II Spinner Reverse PMG 66--One of the Finest Known

Fr. 1339SP 50¢ Third Issue Spinner Type II Wide Margin Back PMG Gem Uncirculated 66. Milton 3P50R.3. This is an utterly flawless example of this rare and extremely popular Specimen. Type II Spinner reverses were not included in the Specimen sets sold at the Treasury and apparently were not prepared for the purpose of issue, as all known examples lack the bronze '50' surcharge that appears on the regular-issue notes. When the Encyclopedia was printed, only six examples were known. Several more have been discovered, and the current total is about a dozen. A number of these have problems, and while two others are the equal of this note, none could possibly be finer. The margins are fully wide with a partial engraver's rule at both the top and bottom. The paper is pure white, the engraving is razor sharp, and the original embossing effect from the pressure of the plate is very deep and readily apparent. PMG has given this note its 66 Gem Uncirculated grade and has commented that the piece is from the Isadore Herman Collection. Although the holder lacks the EPQ, at this grade level, PMG will add it on request. A highly important note, and the first of the Gem Fr. 1339SP Wide Margin Backs to reach the auction market since the O'Mara sale in 2005.

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Previous Prices from Heritage Auctions

Lot Date Realized
Auction 3508, Lot 13498 Monday, January 11, 2010 $862.50
Auction 3508, Lot 13497 Monday, January 11, 2010 $4,887.50
Auction 418, Lot 15318 Friday, September 15, 2006 $5,462.50
Auction 418, Lot 15319 Friday, September 15, 2006 $1,150.00
Auction 36072, Lot 22074 Tuesday, July 11, 2006 $10,350.00
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.

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