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    5¢ First Issue Full Sheet of Twenty With Inverted Backs

    Fr. 1230 Milton 1R5.4i 5¢ First Issue Full Sheet of Twenty with Inverted Backs PMG Choice Very Fine 35.
    Full sheets of First Issue Fractional notes are somewhat common, but full sheets with inverted backs are very rare, with only three known for the series: a ten cent and two of this number. This sheet of 20 has straight edges, the ABNCo logo, and a fully inverted back. It is listed in the Friedberg Encyclopedia as Milton number 1R5.4i, with only two known. One was described by Limpert as being in the F.C.C. Boyd Collection, but the whereabouts of the other one was never stated by either Limpert or Friedberg. The Boyd/Ford sheet was sold as lot 986 in the Ford Inventory Part 3 sale for $12,000, the first time it had ever come to auction. This is a different sheet, as that example had full selvage and visible plate numbers, whereas this one is trimmed close with no outer margins to speak of, so no visible plate numbers exist. The only auction appearance of this sheet was lot 1618 in NASCA's New York sale in September 1980 where it sold for $3700. The next largest multiple of this number is a block of twelve from the Robert Siegel 1967 sale of the Lilly collection that was bought by Tom O'Mara at the Friedberg sale and then included in his 2005 sale. This sheet is truly a rare opportunity for the advanced collector to acquire a true rarity. We've sold this Sheet twice before, in our Long Beach 2015 sale for $5405, and more recently in Long Beach September 2019 for $6600.
    From the Tabacco Family Collection

    Estimate: $7,000 - up.

    View all of [The Tabacco Family Collection ]

    Auction Info

    Proxy Bidding Ends
    21st Wednesday 5:50 pm CT
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    This lot is in: 1 - Heritage Signature® Auctions Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
    (Lots 20001-20493) - 6:00 PM Central Time, Wednesday, April 21, 2021.
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