Description

    Wide Margin Type II Spinner Reverse PMG 66--One of the Finest Known

    Fr. 1339SP 50¢ Third Issue Spinner Type II Wide Margin Back PMG Gem Uncirculated 66. Milton 3P50R.3. This is an utterly flawless example of this rare and extremely popular Specimen. Type II Spinner reverses were not included in the Specimen sets sold at the Treasury and apparently were not prepared for the purpose of issue, as all known examples lack the bronze '50' surcharge that appears on the regular-issue notes. When the Encyclopedia was printed, only six examples were known. Several more have been discovered, and the current total is about a dozen. A number of these have problems, and while two others are the equal of this note, none could possibly be finer. The margins are fully wide with a partial engraver's rule at both the top and bottom. The paper is pure white, the engraving is razor sharp, and the original embossing effect from the pressure of the plate is very deep and readily apparent. PMG has given this note its 66 Gem Uncirculated grade and has commented that the piece is from the Isadore Herman Collection. Although the holder lacks the EPQ, at this grade level, PMG will add it on request. A highly important note, and the first of the Gem Fr. 1339SP Wide Margin Backs to reach the auction market since the O'Mara sale in 2005.

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    Auction Dates
    September, 2009
    8th-13th Tuesday-Sunday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
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