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Fr. 1231SP 5¢ First Issue Wide Margin Back PCGS Choice New 63PPQ.. ...
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Sold on Sep 17, 2020 for:
$900.00
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Description
Extremely Rare No-Frameline Five Cent Wide Margin Back
Fr. 1231SP 5¢ First Issue Wide Margin Back PCGS Choice New
63PPQ.Milton 1P5R.1d. This note is one of the very rare no-frameline First Issue Wide Margin Backs. All normal Wide Margin First Issue Specimen Backs have a thin but bold black frame line that surrounds the engraving at about the distance where the edges of a Regular Issue note would be. Examples are known of the Five Cent, Ten Cent and Fifty Cent denominations, with no Twenty-Five Cent yet discovered. An unproven but generally accepted theory is that these were produced for Treasury Specimen books but were not used. The 25¢ note that appears in those books also lacks the frameline but has the "ABNCo" monogram, which these notes lack. The 5¢ offered here is the most common, with four or five examples known. Milt Friedberg had only a 5¢, Tom O'Mara had a 5¢ and 10¢, and Wayne Liechty had a 5¢, 10¢ and 50¢. The most recent 5¢ to reach the market was sold in our 2009 Central States sale, where it realized $1,725. The sheer originality and overall quality of this note is, in a single word, breathtaking.
Auction Info
2020 September 17 - 21 Currency Signature Auction - Dallas #3579 (go to Auction Home page)
Auction Dates
September, 2020
17th-21st
Thursday-Monday
Bids + Registered Phone Bidders: 1
Lot Tracking Activity: N/A
Page Views: 189
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