LGC- Fractional design set
First Issue 5c Fractional Note Fr. 1228 - 1231

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Note Details

Set Details
Note Description: Fractional Currency
5 Cents First Issue Fractional Currency
Grade: 65 EPQ
Country: US
Note Number: 1229
Signatures/
Vignettes:		 Perforated Edges
Without Monogram
Certification #: 1991510-014  
Owner: Los Gatos Collection
Sets Competing: Los Gatos Collection  Score: 1969
LGC- Fractional design set  Score: 1969
LGC- First Issue Set  Score: 1969
LGC- 5-cent Fractional type  Score: 990
LGC complete type set  Score: 1969
LGC- 6 Piece Denomination Set  Score: 1969
Date Added: 10/5/2022
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 gem Uncirculated no monogram note features good centering and color. These are scarce and hard to find with good centering. The perfs are good with a few that are a bit short. A very nice overall note with only one note graded better.

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