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    Description

    Pre-Issue First Issue Set. The four notes are all perforated, no-monogram pieces: Fr. 1229 Gem New, Fr. 1241 Gem New, Fr. 1280 Gem New and Fr. 1311 Choice About New due to a corner fold. All four notes have the inked date at the lower left corner, "Aug 26. 1862," and all four came to Tom enclosed in an envelope reading, "First Issue Postage Currency under Act of July 17th. 1862. I obtained them from New York Sub. Treasury before any were in circulation on 25th August 1862." Also in the lot are two other envelopes in the same hand, both well worth quoting, "Second issue fractional 1863. It was said that when the proofs of this issue were shown to President Lincoln he remarked that there could be no objection to such money, to take the place of coin -- when asked in what particular he referred to he replied, 'They have a metallic ring.'" The third envelope is of a larger size designed to hold third issue notes. It is titled "Third Issue of Fractional Currency -- government becoming extravagant and using more paper." This group was acquired by Tom O'Mara when he purchased the Doug Hales Collection. (Total: 7 items)

    Auction Info

    Auction Dates
    May, 2005
    5th-7th Thursday-Saturday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 211

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