Description

    Milton 2E25F.2 25¢ Second Issue Essay (Experimental) Matching Block of Six.
    We are once again honored to offer this rarity, originally Lot 16332 of the Tom O'Mara Collection, where it was described: "This incredible block was painstakingly reassembled by Milt Friedberg after the pieces that appeared in the Fraser Collection Sale in 1982 presented the possibility of this block's eventual completion. The paper with the bronze overprint was not prepared for National Bank Notes, but rather it was bronzed to be used for United States Treasury Bonds issued in 1862. These bonds were referred to as 'Five-Twenties of 1862,' as they were to be redeemable after five years and payable after twenty. The Ed Frossard list of October 1, 1893, which offered the Spencer Clark Collection, presented individual 25¢ Experimental notes with this additional bronzing as item number 32 (multiples were available), commenting that they had the "S-18-63" surcharge on the back corners, 'But with the addition of heavy large gold characters on the entire front, in some [pieces] nearly solid.' These Frossard item #32 pieces were sold to a number of different collectors, and they became scattered. It was never known if the proper pieces existed to reconstruct an entire block. In Superior's 1982 Fraser Sale, five of these notes were offered. It appears as though the original owner of these five pieces had been purchasing notes in an attempt to reconstruct a full block. The five pieces that he obtained could be lined up to spell five-sixths of the word, "FIFTY." They were not, however, all from the same sheet, as in order to line up the "FIFTY," the notes had to be juxtaposed such that their margins did not line up. Milt purchased that incomplete set of five. Three of those five notes are in this presently offered block of six: the two at the right and the one in the lower left corner (as the word FIFTY faces the reader). Milt then entered into a complex trade involving several dealers and collectors (as well as two Skeksis and a Wookie) and obtained the three original notes that completed this incredible block, one of which, the upper left corner piece, bears the courtesy autograph of John Burke. Although a few other single pieces exist, it is incredibly unlikely that another block could ever be assembled. Most Fractional collectors felt that this block was the cornerstone of Milt Friedberg's incredible collection of Fractional-developmental pieces. Tom O'Mara acquired this irreplaceable item at the Friedberg Sale, and it is now time for another collector to enjoy the ownership of an item that can never be duplicated. All six notes trace their origin to Ed Frossard's October 1, 1893 special list #8, which offered the Spencer Clark Collection. All were listed as item #32; he didn't consider the six different positions as different varieties, and the total for sale is unknown but likely about fifteen pieces. Some later appeared in Chapman Sales, such as the Friedman Collection Sale of June 3-4, 1903 and the Wilcox Collection Sale on February 15, 1904. Others appeared in later sales throughout the next 75 years. When Superior sold the Fraser Collection on February 1, 1982, five pieces appeared as lot 66. Three of those five pieces are in this block. The other three were obtained in a complicated trade completed by Milt in the mid 1980's." At the O'Mara sale, this piece realized a small fraction of its actual value. It was one of the most overlooked items in the sale, realizing $9200 on an estimate nearly triple that.


    Fees, Shipping, and Handling Description: Coin/Currency (view shipping information)

    Sales Tax information  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2007
    4th-6th Thursday-Saturday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 353

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Consign to the 2018 April 25 - May 1 CSNS Currency Signature Auction - Chicago.

    Learn about consigning with us

    Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.
    Mohammed J.,
    Durban, KZ
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 November 1 - 2 Eric P. Newman VIII Currency Signature Auction - Dallas
    2017 November 1 - 2 Eric P. Newman VIII Currency Signature Auction - Dallas
    REALIZED $1,987,881