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Rare Framed Green Fractional Currency Shield Fr.1383-a

Currency:USD Category:Coins & Paper Money / Paper Money - Fractional Currency Start Price:1.00 USD Estimated At:35,000.00 - 40,000.00 USD
Rare Framed Green Fractional Currency Shield Fr.1383-a
NOT SOLD (BIDDING OVER), HIGH BID WAS
60.00USD+ applicable fees & taxes.
This item WAS NOT SOLD, auction date was 2018 Dec 09 @ 07:00UTC-8 : PST
The green background Fractional Currency shields were made prior to the gray shields and it is believed that fewer than a dozen green background shields are known. The green background is deep and bold, very clearly visible and not to be confused with the far more common gray background. There is some minor underlying water staining seen along the center edges and top right outside the green border area and a couple of small internal tears outside the shield area next to the matted overlay. The frame is not contemporary but the piece is well matted enhancing the overall appearance. The notes themselves are quite sharp overall and are some of the nicest we've seen on any gray, pink or green shield. They are free from any serious water damage or toning and all display good color. We would rate this shield toward the top end of the grade census. The original purpose of Fractional Currency shields was to illustrate the various denominations and varieties produced by pasting specimen, or one-sided impressions, on a printed background, usually gray. These were intended for use by bankers to detect counterfeits. In time, most were lost or destroyed. Today examples with the gray background are seen with some frequency and are in strong demand. Much rarer are those with a pink background or, as here, a green background.