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    Well-Circulated Ten Cent Negative Essay Note

    Milton 2E10FR.1 10¢ Second Issue Negative Essay PCGS Banknote Very Good 10 Details.
    This is the only truly circulated example of any Fractional note we have ever seen with the Negative Essay printing on the back. This piece gives the appearance of a regular issue note, lacking only the bronze oval on the face - but on closer examination, it becomes apparent that the note is not a regular issue note at all, but rather a Negative Essay Back with the "D-5-18-63" corner surcharges. Somehow, this Experimental note slipped into the channels of commerce, where it clearly circulated freely for quite some time. It became rather well worn, lost a small piece from its right edge and acquired a few minor edge tears. Negative Essay notes were never intentionally issued for circulation. The obvious circulation on this piece, and the illusion it creates of this being a regular issue note, adds a great "what might have been" mystique to this Reverse Matrix Experimental. PCGS Banknote has commented "Splits, Small Piece Missing."
    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: 1
    Lot Tracking Activity: N/A
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