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Fr. 1231SP 5¢ First Issue No Frameline PMG Gem Uncirculated 66 EPQ. ...

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Grade: 66 EPQ
Quantity: 1
Last Update: 4/2/2021
Dealer:  (Terms) Heritage Auctions (

Auction: 2021 April 21-23 - Central States Currency Signature Auction #3582 - Session 1 View this auction on the auction site
Auction Date: 4/21/2021 - 4/21/2021
Lot Number: 20233 View this lot on the auction site
Fr. 1231SP 5¢ First Issue No Frameline PMG Gem Uncirculated 66 EPQ. Formerly part of the Frederick Mayer Collection, this rare and interesting Back Proof was described in part, "All Normal Wide Margin First Issue Specimen Backs have a thin but bold black frame line that surrounds the engraving at about the distance where the edges of a Regular Issue note would be. This and the next lot lack that frame line, but they are identical in all other respects to normal Wide Margin specimens. An unproven but generally accepted theory is that these were produced for Treasury specimen books but were not used. The 25¢ note that appears in those books also lacks the frame line but has the 'ABNCo.' monogram, which these notes lack. The Liechty Collection, which we sold in January of 1994, contained an example of all three known denominations (no 25¢ is known.) Milt had only a 5¢ in his collection. Tom O'Mara had both this 5¢ and a 10¢. We believe that there are two 5¢ pieces known, two 10¢, no 25¢ and a single 50¢." HID08101242017

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