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    Fr. 1248 10¢ Second Issue PCGS Very Fine 35.
    When we sold this note about five years ago, we used this description: "A beautifully printed solid Very Fine example of this classic Fractional rarity. The surcharges are in the normal, plain font. Milt Friedberg has traced the earliest appearance of an 'O-63' note back to the Harlan P. Smith sale of the R.C. Davis Collection on January 20, 1890. Davis has long been suspected of 'manufacturing' the Fr. 1310a's, and some suspicion must fall on him for the possibility of his also having created these Fr. 1248's. All but one of the known Fr. 1248's have this very plain 'O-63' surcharge. The one exception has more ornate surcharges, and is likely the only Bureau-produced Fr. 1248. In any event, these notes have always been considered part of the set. This note has the best centering we have seen on any 1248. It is well centered among four large face margins, and the back centering, which is always way off on these, is perfect on this example. The note exhibits even circulation and its corner surcharges match the large '10' perfectly. There is much about this piece that makes one question the century old Davis-Smith story. In any event, collectors of this series have always coveted this variety, and this is a really nice one." The other 1248 in this sale goes a long way to discredit the Davis-Smith story related above. We mentioned our suspicions in the final sentences of the above description and it now appears that that story should be put to rest. In any event this is an extremely nice mid-grade Fr. 1248 that should easily realize...

    Auction Info

    Auction Dates
    January, 2014
    8th-13th Wednesday-Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 327

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