Skip to main content
Go to accessibility notice


    Fr. 1228 5¢ First Issue Misperforated PMG Choice Uncirculated 64 EPQ. We had the privilege of selling this most unusual note once before. It was Lot 24 from CAA's January 2000 sale of the Mike Marchioni Collection. We described it there, "This pristine First Issue Five Cent is centered and perforated massively off-center. There is a full quarter inch between the frame line of the note and the perforations at the top. The appearance of the note is enhanced by an additional strip of margin outside the top perforations. Mildly misperf'ed First Issue notes command less money than their perfectly centered counterparts, but a note this massively misperforated is truly an Error, and as such should command a considerable premium." We've not seen another like this in the intervening seven years. A truly neat item for the First Issue collector. (1500-up)
    CAA January 2000 Marchioni Collection Lot 24.
    From The Frederick Mayer Collection

    View all of [The Frederick R. Mayer Collection ]

    Shipping, Taxes, Terms and Bidding
    Calculate Standard Domestic Shipping

    Sales Tax information

    Important information concerning Sales Tax and Resale Certificates. Learn More

    Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    September, 2007
    26th-28th Wednesday-Friday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 413

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    Sold for: Sign-in or Join (free & quick)

    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 10 days left to consign to the 2019 April 24 - 29 Central States Currency Signature Auction - Chicago!

    Learn about consigning with us

    Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.
    Mohammed J.,
    Durban, KZ
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search

    Recent auctions

    2019 January 10 - 14 FUN World Currency Signature Auction - Orlando
    2019 January 10 - 14 FUN World Currency Signature Auction - Orlando
    REALIZED $2,431,467