10¢. Fr.1248. Back surcharged O-63. This is quite a rare Friedberg number surcharge variety on the Second Issue. Rob Kravitz and other researchers consider the known population to be around thirty examples in all grades. Not many are known in very high grade. Crisp Almost Uncirculated, vertical bend and left end bend. The handling is on the heavy side. The note never saw actual circulation in our opinion. The back is centered upwards a bit, diagnostic to this number and similar to lot 876 in the Ford III Sale. The surcharges, especially the ''O'', are very well defined. Exceptionally attractive.
This note is a government issue, however the validity of the surcharge has been debated for generations. These plainer 'O' surcharges might be the further handiwork of Harlan P. Smith (creator of the Fr.1310a). The Fr.1248 has been collected in the series since at least 1890, when Milton Friedberg saw it catalogued in the Davis Collection sale.
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