Skip to main content
Go to accessibility notice


    Fr. 1268 15¢ Fourth Issue Unwatermarked Paper PMG Choice Uncirculated 63.
    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 large, even margins. Opportunities to buy convincingly genuine Fr. 1268's are extremely infrequent, and this piece is unquestionably genuine. PMG has graded 51 of these as opposed to 730 Fr. 1267s with the watermark. The last Fr. 1268 in 63 that we sold was in 2013. It realized just over $1500.
    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: 3
    Lot Tracking Activity: N/A
    Page Views: 86

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Sold on Apr 21, 2021 for: Sign-in or Join (free & quick)
    Track Item

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 24 days left to consign to the 2022 January 5 - 10 FUN Currency Signature® Auction - Orlando FUN!

    Learn about consigning with us

    Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.
    Mohammed J.,
    Durban, KZ
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search