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    Description

    Fr. 1248 10¢ Second Issue Very Fine. A beautifully printed solid Very Fine example of this classic Fractional rarity. The only minor defect is the presence of two small pinholes. The surcharges are in the normal, plain font. Milt Friedberg has traced the earliest appearance of an "O-63" note back to the Harlan P. Smith sale of the R.C. Davis Collection on January 20, 1890. Davis has long been suspected of "manufacturing" the Fr. 1310a's, and some suspicion must fall on him for the possibility of his also having created these Fr. 1248's. All but one of the known Fr. 1248's have this very plain "O-63" surcharge. The one exception has more ornate surcharges, and is likely the only Bureau-produced Fr. 1248. In any event, these notes have always been considered part of the set. This note has the best centering we've seen on any 1248. It's well centered among four large face margins, and the back centering, which is always way off on these, is perfect on this example. The note exhibits even circulation and its corner surcharges match the large "10" perfectly. There is much about this piece that makes one question the century old Davis-Smith story. In any event, collectors of this series have always coveted this variety, and this is a really nice one.

    Auction Info

    Auction Dates
    January, 2010
    7th-11th Thursday-Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 340

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