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    Off-Color First Issue Five Cent Essay Printed on Pure White Paper

    Milton 1E5F.3b 5¢ First Issue Off-Color PMG Choice Uncirculated 64 EPQ.
    This was previously Lot 16355 of our May 2005 O'Mara sale. It was described there: "This strikingly beautiful note is printed in black ink on pure white paper. It is identical to the finished design but for ink and paper color, and the fact that the outer frame line is a double line rather than the adopted single. First Issue Essays have particular allure as they are the very roots of Fractional Currency. 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 outstrips the number of pieces in existence." At that sale, this note realized $1955.
    From the Tabacco Family Collection

    View all of [The Tabacco Family Collection ]

    Auction Info

    Auction Dates
    April, 2021
    21st-23rd Wednesday-Friday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 113

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