Description

    Vertical Pair of Fr. 1310a - The Finest Graded at PMG

    Fr. 1310a 50¢ First Issue PMG Choice Uncirculated 64 EPQ.
    This pair has no folds and it is well perforated, with excellent face margins and with the wide top selvage intact. This is the extremely rare perforated 14 variety. "Perforated 14" refers to the number of perforations per 20mm of edge length. The normal perforations on First Issue Notes are larger: "perf. 12," or 12 perforations per 20mm of edge length. The generally accepted history of these more-tightly-perforated notes is that they were conjured-up from two imperforated sheets by dealer Harlan P. Smith around 1890. Although there is no documentary evidence, there is considerable circumstantial evidence that Smith perforated these sheets himself. As Blake, Valentine, Limpert and Rothert listed this variety as genuine, it remains highly desirable and collectible in spite of its likely private production. Until now only one other pair was known to exist, part of the Crofoot Collection in the Smithsonian. Perhaps this may be part of a vertical strip of four which was in the F.C.C. Boyd estate. In September 2005, the Mayer example, which was not as nice as this piece, realized over $6,000. This is the highest graded example of Fr. 1310a from PMG with the next highest down at the 55 level. That includes both pairs and singles.
    From The Paragon Collection


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    Auction Dates
    January, 2013
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 1
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