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    Description

    Newly Discovered Enigmatic 25¢ Second Issue Bronzing Anomaly

    25¢ Second Issue Experimental (Error?) Milton UNL PCGS Apparent Very Fine 25.
    An enigmatic 25¢ note, which has received the apparent grade from PCGS due to a missing upper left corner tip. It's from the completed plates on normal paper that bears a partial bronze overprint from the $10 Compound Interest Treasury Note plate. Similar to, and probably from, the same group of experiments that created the Baltimore-Washington pieces and the Bond Overprint Experimentals that advanced Fractional collectors are familiar with. Background information on those pieces can be found in our May 2005 sale of the Tom O'Mara Collection, lots 16319 thru 16333. A little additional information is also available in CAA's Friedberg Collection sale of January 10, 1997. The lots from that sale are scattered throughout the Experimental section, but of particular interest would be lots 921, 955 thru 957, 1024 and 1041. All of those lots have non-standard bronze overprints, but none exhibit any part of this overprint.

    We've categorized this as an Experimental, but an argument can be made that it is an error. The normal bronze oval on the face and the bronze "25" on the back are missing. When viewed vertically, about two thirds of the "0" from "10" is at the upper left of the face and almost the entire word "INTEREST" is at the bottom of the face. The spacing would be correct for the "10" from one Compound Interest Note and the word "INTEREST" from the note below it. Totally enigmatic, completely new to us, and an irreplaceable addendum to any major Fractional Currency collection. Difficult to value, but we would certainly expect a result in the area of...


    Auction Info

    Auction Dates
    September, 2011
    7th-12th Wednesday-Monday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
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