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Fr. 1243SP 10¢ First Issue Proof PMG Choice Uncirculated 63 EPQ....
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Description
Fr. 1243SP 10¢ First Issue Proof PMG Choice Uncirculated 63 EPQ. When we last sold this note as Lot 12599 of the Frederick Mayer sale in September of 2007, we sold it along with its Five Cent type mate. The description there, which applies to both the Five Cent piece and this Ten Cent piece, was as follows. "This and the next lot are very rare examples of the no-frameline First Issue 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. This and the next lot lack that frame line, but they are identical in all other respects to normal Wide Margin specimens. 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 frame line but has the "ABNCo." monogram, which these notes lack. The Liechty Collection, which we sold in January of 1994, contained an example of all three known denominations (no 25¢ is known.) Milt had only a 5¢ in his collection. Tom O'Mara had both this 5¢ and the 10¢ that follows. We believe that there are two 5¢ pieces known, two 10¢, no 25¢ and a single 50¢." The extreme rarity of this note combined with the PMG 63 EPQ grade should bring the price well into four figures.From the Cocoa Beach Collection
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Auction Info
2010 January FUN Signature Currency Auction #3508 (go to Auction Home page)
Auction Dates
January, 2010
7th-11th
Thursday-Monday
Bids + Registered Phone Bidders: 1
Lot Tracking Activity: N/A
Page Views: 746
Buyer's Premium per Lot:
15% of the successful bid per lot.
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