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    5¢ First Issue Essay in Black on White

    Milton 1E5F.3b 5¢ First Issue Essay PMG Choice Uncirculated 64 EPQ. This strikingly beautiful note, which was previously Lot 16355 from our May 2005 sale of the Tom O'Mara Collection is printed in black ink on pure white paper. It's identical to the finished design but for ink and paper color, and the fact that the outer frameline is a double line rather than the adopted single. First Issue Essays have a particular allure, as they are the very roots of Fractional Currency collecting. It is unfortunate that so few of them exist, because most collectors will never have the opportunity to own a single piece. In the field of Fractional Currency, prices are much lower than in most other areas of Numismatics, and excessively rare or unique items fit into the budgets of the majority of active collectors. Still, most will never own a First Issue Essay, not on account of price, but simply because the number of collectors desiring one far outstrips the number of pieces in existence.

    Auction Info

    Auction Dates
    September, 2007
    26th-28th Wednesday-Friday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 321

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