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    Five Cent Negative Essay Surcharged 5-18-63

    Milton 2E5FR.2 5¢ Second Issue PCGS Banknote Choice Unc 64 PPQ.
    This two-sided Negative Essay first appeared on the market as Lot 284 of the October 2007 Stack's sale of the John Jay Ford Collection. There are a few similar pieces of this Five Cent back, one in the O'Mara sale and two in the Friedberg sale. All are punched and stamped and are black on one side. This note has the full face engraving from the completed 5¢ Second Issue plate. It is also missing the "D" from the "D-5-18-63" surcharge that appears only on Negative Essays. The only other Missing "D" example was lot 910 of our 1/97 Friedberg sale. That note was uniface. That note did not definitively appear until the 1982 Fraser sale. Although it is possible that it was Lot 986 from the 1903 Chapman sale, no mention was made of the corner surcharges. The O'Mara piece was also uniface, and our description read in part:
    "This is one of the very few 5¢ Negative Essays known to exist, and it was listed in the Encyclopedia only from its auction record as Lot 986 from the Chapman Brothers sale of the Friedman Collection on June 3, 1903. The "D-5-18-63" surcharge was not mentioned in the Encyclopedia description, as it was omitted in the Friedman catalog and not known to exist until it turned up in the Collins Collection. This note has a penned "51" on the back that matches the numbers used by Ed Frossard in his October 1, 1893 listing of the Spencer Clark Collection. This note realized over $2,000 when we sold it as Lot 909 of our January 1997 Milt Friedberg Collection." To our knowledge, this is likely unique as a two-sided Five Cent Negative Essay. The Milton number on the holder is both typoed and incorrect. They have used 2ESFR-1a. We believe it should be 2E5FR.2.
    From the Tabacco Family Collection

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    Auction Info

    Auction Dates
    April, 2021
    21st-23rd Wednesday-Friday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 123

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