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Note Details

Set Details
Note Description: Fractional Currency
5 Cents First Issue Fractional Currency
Grade: AU 58 EPQ
Country: US
Note Number: 1229
Signatures/
Vignettes:		 Perforated Edges
Without Monogram
Certification #: 2079374-002  
Owner: Los Gatos Collection
Sets Competing: Not competing in any sets
Date Added: 1/9/2022
Research: See PMG's Census Report for this Note

Owner's Description

The first issue 5-cent note was initially issued without perforations and cut from the sheet with scissors. To make issuing the notes faster, they started to perforate the sheets, however this complicated the counting of the sheets as they tended to snag and fall apart too easy, so they went back to cutting the notes from the sheet. Perforated notes tend to be easily damaged due to the perfs sticking out. This lightly circulated no monogram note features good perfs, but they are cut close to the design. These are scarce and hard to find with good centering.

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