Fr. 1299. 25 Cent. Third Issue. PMG Extremely Fine 40.
A classic fractional rarity that has solid bronze surcharge on face and which is printed on fiber paper. Uncommon as a problem free EF note. For whatever reason, the solid surcharge fiber paper Fessenden notes were printed on a much coarser and more brittle fiber paper. These are commonly seen in the Fine-Very Fine grade range with tears, paper chips, stains, etc. A high-grade example found in a comment-free holder is not an everyday occurrence. The couple of comparable examples we have sold in recent years brought prices in the upper hundreds of dollars.

Estimate: $600.00- $900.00