Description

    Milton 3R50.1f 50¢ Third Issue Justice Choice New. This note, listed as unique by Milt Friedberg, was held in just two collections since its discovery over 80 years ago. In its one public auction appearance, it was referred to as a single-signature Justice with a Wyman Courtesy Autograph. We respectfully disagree, as Wyman was an authorized signer, and his signature appears in the proper place as Treasurer. This note is in exactly the same category as the Spinner Fr. 1330. It should have - and likely eventually will have - its own Friedberg number. The Fr. 1330 note, of which approximately 20 examples exist, has been avidly collected as part of the Regular Issue set since the beginning of Fractional collecting. Allison and New were in office from June 30, 1875 until January 7, 1876. These Fr. 1330 notes should have been issued well prior to that. They were clearly not intended as a Regular Issue, but rather were signed to be given to friends or as some form of a patronage act. In any event, they became legal tender when signed, as Allison and New were legal signers. This note is the Justice equivalent, with Colby and Wyman being legal signers. There is no "right way" versus "wrong way" to collect. Ultimately, the collectors themselves determine the importance of any particular item. To this dealer, who has been extremely active in Fractional Currency for over 40 years, this is one of the most significant notes we've seen. Nice Fr. 1330's always realize strong mid-four-figure prices, and this note is of identical significance, but unique rather than one of about twenty. The note is fully Choice, with good paper originality and just a little handling at the corners. When last on the market, the lower right corner tip of the margin was partially cut and folded back. It's been reattached to prevent its loss and is barely visible. The price this piece will realize is nothing but the purest of guesswork, but our guess is...

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    Auction Info

    Auction Dates
    January, 2006
    6th-7th Friday-Saturday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 165

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