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    Rare Perforated 14 Variety

    Fr. 1310a Milton 1R50.3d 50¢ First Issue Perforated 14 Choice New. Perforated 14 refers to the number of perforations per 20 millimeters of edge length. The normal perforations, on all other First Issue Fractional notes, are slightly larger - perf 12, or 12 perforations per 20 millimeters of edge length. The generally accepted history of these smaller perforated notes is that they were produced from two sheets by dealer Harlan P. Smith circa 1890. Although there is no documentary evidence, there is considerable circumstantial evidence that Smith perforated these sheets himself. As this variety was listed by Blake, Valentine, Limpert and Rothert as genuine, it remains highly desirable and collectible in spite of its possible private perforation. We have handled eight Fr. 1310a's in the past. In fact the most recent example we catalogued was a Choice New example in the May 2005 Tom O'Mara Collection which realized $3,910. The piece presented here is in typical grade for these - fully uncirculated and well perforated, but not terribly bright. As with all known 1310a's, the back is off center to the left as well. This note with an abundance of right-hand selvage was previously lot 507 in our January 1997 Milton Friedberg sale. A great note that is available only when great collections are auctioned.
    From The Bill and Kathy Stella Currency Collection

    Auction Info

    Auction Dates
    January, 2007
    8th Monday
    Internet/Mail Bids: 6
    Lot Tracking Activity: N/A
    Page Views: 259

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