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    Description

    Fr. 1268 15¢ Fourth Issue Choice About New. CAA has handled only a half-dozen of Fr. 1268. This one, but for its single light fold, is identical to the Gem we sold in Cincinnati last September that realized just under $2000 on a $1500 estimate. The price and importance of Fr. 1268 has been stifled for years, as virtually every 1268 offered for sale is in reality a 1267 with a watermark that is fairly difficult to see. True Fr. 1268's are extremely rare and hard to authenticate unless several conditions come together: one is high grade, two, paper brightness and three, large margins. The large margins are particularly important because the water mark can be quite difficult to see in the body of the note, but it is easy to pick-up as it passes through the margins. This note is fully bright, and it is surrounded by four huge, even margins. Opportunities to buy convincingly genuine Fr. 1268's are extremely infrequent, and this piece is unquestionably genuine.

    Auction Info

    Auction Dates
    January, 2002
    10th-12th Thursday-Saturday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 263
    Sold on Jan 12, 2002 for: Sign-in or Join (free & quick)
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