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    Description

    Fr. 1232 5¢ Second Issue Treasury Rectangle PMG Uncirculated 61.
    Treasury Rectangles have been an important item in Fractional Currency collecting ever since they were first noticed by collectors, which was shortly after the end of the circulating period. Milt Friedberg located a document from the Third Session of the Fortieth Congress, where in testimony a Mr. William Coleman testified that he and a Mr. Drummer counted the blank banknote paper before it was printed and stamped it with a little stamp consisting of a rectangle with "Treas Dpt.," inscribed on it. This rectangle was stamped on the corner of the sheet to indicate that it had been counted. The rectangles were placed at the very edge of the sheet, and it was intended to be trimmed off, accounting for their extreme rarity. The Five Cent denomination is the second scarcest on which to find these Treasury Department bronze rectangles. On this note, it is bold and located at the upper left corner of the back. It reads, "Treas D". This is one of the better examples that you will find.


    Auction Info

    Auction Dates
    September, 2018
    5th-11th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
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