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    The Single Most Important Fractional Note in Existence - Fr. 1352 PCGS 64 PPQ.

    Fr. 1352 50¢ Third Issue Justice PCGS Banknote Choice Unc 64 PPQ.
    This note is the "1" and "a" example from the toughest series. There are a total of about 35 notes known for 1351, -52, -53 and -54 combined. Lacking serial numbers, it is virtually impossible to get an exact count. Fr. 1351, the most common of the group, has approximately a dozen examples known. The census for Fr. 1352 is definitive. There are a total of three: this example, which is massively the finest example known, a Fine in a private collection, and a very low-grade example which just surfaced in the past decade. Fr. 1353 has a census of nine pieces. And Fr. 1354 has an inexact census that is very likely seven. This note is the Ford example, which sold for $126,500 well over a decade ago. At that time, it sold raw and was graded "Choice Crisp Almost Uncirculated, and that may be conservative." This cataloger purchased the note for an unknown client who was present in the room, but wanted his anonymity kept. The secret's out now; the client was Carmine Tabacco. On viewing this note raw at the Ford sale viewing, we also thought the grade was indeed conservative. PCGS Banknote has agreed, and it now resides in this 64 PPQ holder. Unlike far more mundane pieces, where every point changes the value significantly, the technical grade of this note is not actually that important. What is important is that it's beautiful, flawless, and the finest known by 45 or 50 points. In any event, it is absolutely the most significant Regular Issue Fractional Currency note in existence, and no set can ever be complete without a 1352. While this finest known 1352 realized $126,500 in 2004, it is not the record holder for Fractional. The price record holder is our O'Mara example of Fr. 1255a, which we sold in May of 2005 for $138,000. That note is also present in this sale. It remains to be seen which note will hold the record after this evening, but we're guessing it will be this incomparable Fr. 1352.
    From the Tabacco Family Collection


    View all of [The Tabacco Family Collection ]

    Auction Info

    Auction Dates
    April, 2021
    21st-23rd Wednesday-Friday
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