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    Description

    Fr. 1330 50¢ Third Issue Spinner Gem New. Deep, original embossing, beautiful margins, perfect color and the strong signatures of Allison and New. Allison and New were in office together from June 30, 1875 until January 7, 1876, long after Third Issue notes had ceased to be issued. These notes were clearly not intended as regular issue, but were signed to be given to friends or as some form of a patronage act. In any event, they became Legal Tender once signed, as Allison and New were legal signers. A number of well circulated examples exist, which shows that these notes did indeed circulate as currency. We've sold several Gem examples of Fr. 1330, including the Gengerke note and the Milt Friedberg note. The former brought $5885 in 1995, and the latter $5500 in 1997. This piece, with its broad, even margins, ideal centering, bright colors and deep, original embossing, will certainly do far better in this much stronger Fractional market. This note is slightly superior to the O'Mara example, and it lacks the offset marks that were on the back of that piece, which realized just over $5000.

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    Auction Info

    Auction Dates
    September, 2005
    21st-23rd Wednesday-Friday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 193

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