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    Description

    Extremely Rare No-Denomination Progress Proof

    Milton 2E5F.2h No Denomination Second Issue Progress Proof PCGS Apparent Choice New 63, 2 POCs.
    This note is ex-Friedberg 1/97 and ex-O'Mara 5/05 where it was lot 16377. It was described in O'Mara: "When Superior offered this note as lot 44 of the Fraser Collection in 1982, it was listed as 2E5F.2e. However, that number lacks the portrait. This, with the portrait pasted on, is correctly 2E5F.2h. It was item #54 of Ed Frossard's October 1893 listing, asterisked there as being unique to the Clark Collection. This is one of the earliest progress proofs of the Second Issue, bearing the earlier act date of July 17, 1862, and lacking many elements of the finished plate. This is also part of a very short series of Proofs that had the words 'Engraved and Printed at the Treasury Department' printed outside the boundary of the note in a separate block rather than in its final position below the enabling date. The top of the note has a pencil notation, 'Conditions B-Dec 27.' Tom acquired this note as lot 890 from our Friedberg sale in January of 1997. It was estimated there at $2,500 and realized $2,420..." We since sold this note again in January of 2015 where Carmine acquired it for $3055. PCGS has assigned the Apparent grade due to minor rust stains which are present but extraordinarily minor. PCGS has also randomly called this a Ten Cent note. There is no denomination of any kind anywhere on the note. For the purpose of creating Milton numbers, all notes with no indication of denomination were considered Five Cent notes.
    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: 0
    Lot Tracking Activity: N/A
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