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    Description

    Wide Margin Type II Spinner Back PMG 66 EPQ - One of the Finest Known

    Fr. 1339SP 50¢ Third Issue Spinner Back Type II PMG Gem Uncirculated 66 EPQ.
    "Milton 3P50R.3. This is an utterly flawless example of this rare and extremely popular Specimen. Type II Spinner reverses were not included in the Specimen sets sold at the Treasury and apparently were not prepared for the purpose of issue, as all known examples lack the bronze '50' surcharge that appears on the regular-issue notes. When the Encyclopedia was printed, only six examples were known. Several more have been discovered, and the current total is about a dozen. A number of these have problems, and while two others are the equal of this note, none could possibly be finer. The margins are fully wide with a partial engraver's rule at both the top and bottom. The paper is pure white, the engraving is razor sharp, and the original embossing effect from the pressure of the plate is very deep and readily apparent. PMG has given this note its 66 Gem Uncirculated grade and has commented that the piece is from the Isadore Herman Collection. Although the holder lacks the EPQ, at this grade level, PMG will add it on request. A highly important note, and the first of the Gem Fr. 1339SP Wide Margin Backs to reach the auction market since the O'Mara sale in 2005." That was our September 2009 auction description. Since that time, PMG has reholdered the note at the same 66 level with the added important EPQ designation. This remains the finest graded by a huge margin. The next closest rival to this 66 EPQ is a 53 no E. In 2009, this note realized $9,200. We expect a five-figure result this evening.
    From The Paragon Collection


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    Auction Info

    Auction Dates
    January, 2013
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
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