Skip to main content
Go to accessibility notice


    Newly Discovered Enigmatic 25¢ Second Issue Bronzing Anomaly

    25¢ Second Issue Experimental (Error?) Milton UNL PCGS Apparent Very Fine 25.
    We've sold this note once before, in 2011, shortly after it was discovered. We will repeat that description here: "An enigmatic 25¢ note, which has received the apparent grade from PCGS due to a missing upper left corner tip. It's from the completed plates on normal paper that bears a partial bronze overprint from the $10 Compound Interest Treasury Note plate. Similar to, and probably from, the same group of experiments that created the Baltimore-Washington pieces and the Bond Overprint Experimentals that advanced Fractional collectors are familiar with. Background information on those pieces can be found in our May 2005 sale of the Tom O'Mara Collection, lots 16319 thru 16333. A little additional information is also available in CAA's Friedberg Collection sale of January 10, 1997. The lots from that sale are scattered throughout the Experimental section, but of particular interest would be lots 921, 955 thru 957, 1024 and 1041. All of those lots have non-standard bronze overprints, but none exhibit any part of this overprint. We've categorized this as an Experimental, but an argument can be made that it is an error. The normal bronze oval on the face and the bronze "25" on the back are missing. When viewed vertically, about two thirds of the "0" from "10" is at the upper left of the face and almost the entire word "INTEREST" is at the bottom of the face. The spacing would be correct for the "10" from one Compound Interest Note and the word "INTEREST" from the note below it. Totally enigmatic, completely new to us, and an irreplaceable addendum to any major Fractional Currency collection. Difficult to value." In that sale, it realized just over $2000, a number that we would expect to be eclipsed tonight. As more time passes, and as almost all the remaining great Fractional collections have been broken up, no new example of this note has surfaced.
    From the Tabacco Family Collection

    View all of [The Tabacco Family Collection ]

    Auction Info

    Auction Dates
    April, 2021
    21st-23rd Wednesday-Friday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 106

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Sold on Apr 21, 2021 for: Sign-in or Join (free & quick)
    Track Item

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 15 days left to consign to the 2021 September 29 - October 4 Currency Signature Auction - Long Beach!

    Learn about consigning with us

    I think heritage is the best auction house and has the best service - that’s why I use you. 
    Sara B.,
    Dubai, UAE
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search