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Fr. 1339SP Milton 3P50R.3 50¢ Third Issue Spinner Type II Wide Margin Back PCGS Choice About New 58PPQ.. ...
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Superb Type Two Spinner Back Wide Margin Specimen
Fr. 1339SP Milton 3P50R.3 50¢ Third Issue Spinner Type II Wide
Margin Back PCGS Choice About New 58PPQ.An utterly flawless example, this rare and extremely popular Specimen is a corner fold away from the Gem grade. 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 note. When the Encyclopedia was printed, only six examples were known. Several more have been discovered, and the current total is about a dozen. The margins are fully wide, with bright white paper, razor sharp engraving, and loads of originality. We have sold a few narrow margin examples in recent years, but it has been seven long years since a collector was given the opportunity to obtain a wide margin example. At that time we sold a PMG Gem Unc 66 EPQ which topped the $8,000 mark in our 2013 FUN sale. Prior to that we sold a PMG AU 53 for a little under $5,000 in our 2010 FUN sale. Quality examples always realize several thousand dollars since they appear for sale so rarely. This evening, the seven-year drought comes to a close.
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