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Fr. 1280 25¢ First Issue PMG Gem Uncirculated 66 EPQ....
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Fr. 1280 25¢ First Issue PMG Gem Uncirculated 66 EPQ. From our January 2001 sale of the Dr. Scheuermann Collection. It's a fully perforated, beautifully bright note that is printed on the light lemon-yellow paper associated with this no-monogram number. Fr. 1280's are quite rare in high grade, and this is one of the very nicest examples we've had the pleasure of handling. Dr. Scheuermann paid a four-figure price for this note in 1993, which was massively ahead of the market. That number should be easily surpassed tonight, as the market is beginning to realize the value of extremely high-grade rare Fractionals. (1750-up)From The Frederick Mayer Collection
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