 25¢/50¢ Double Denomination Note. The face as used on all Second Issue 25¢ Notes. The back is the 50¢ carmine red back without corner surcharges. Printed on bond paper. Milton 2E25FR.5. Rated in Milton as ''Unique.'' Double denomination notes on all Federal Currency are rare and well collected. However, on Fractional Currency, they are much rarer with very few known on the entire series. Only the great collections have had them. The once controversial Milton 2E5FR.2 Double Denomination 5¢/50¢ Fiber Note from the 1983 HIM Memphis Sale is fully authenticated and is perhaps the ''King'' of all Fractional errors.
This note was only rumored to exist. However, here it is. It is interesting that there are no surcharges on the back. However, in the era of manic experiments at the early BEP, nothing is surprising. This is technically an Experimental Note with a double denomination error. This is different than if the regular issue sheets were misaligned and printed then surcharged for circulation. Still, this note is significant and quite striking. Very Fine or better. Light paper tone and the bronze oval a little subdued. Though not quite up to the true double denomination in the O'Mara Collection, close enough and unique to our knowledge. Difficult to evaluate, but significant four figures for this unique piece is not out of the question.
Ex F.C.C. Boyd Estate; Henry Chapman's 1896 Fixed Price List.
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