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    Fr. 1229 Vertical Strip of Four

    Fr. 1229 5¢ Milton 1R5.2e First Issue Vertical Strip of Four PMG Gem Uncirculated 65 EPQ. From CAA's January 1997 sale of the Milt Friedberg collection. It was described there as, "A fresh, original, pristine strip that is perforated horizontally only. Both sides of each of the four notes are perfectly straight edged. It appears from the width of the side margins that the vertical perforations never did exist, although this cannot be proven. It's possible, though unlikely, that the notes were straight-cut just inside the perforations. For this to have happened, the perforations on each side would have had to be a bit farther out than normal. In any event, this is a spectacular and very rare perforated multiple. Mr. Mayer paid $750 for this strip in 1997, when it was also graded Gem New. It should well more than triple that now. (3000-up)
    From the Currency Auctions of America January 10, 1997 Milt Friedberg Sale Lot 479. Previously from NASCA's January 15, 1977 auction Lot 3277.
    From The Frederick Mayer Collection


    View all of [The Frederick R. Mayer Collection ]

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