$1.00 Violet Black (478). Mint N.H., rich color and proof-like impression, unusually wide margins

EXTREMELY FINE GEM. A SUPERB EXAMPLE OF THE $1.00 PERF 10 UNWATERMARKED FRANKLIN ISSUE, GRADED XF-SUPERB 95 BY P.S.E. ONLY TWO HAVE GRADED HIGHER.

This issue was in use for less than six months before the Perf 11 stamps were produced. Due to its short production run and it differing from the previous $1.00 issue (Scott 460) only by its lack of a watermark, many collectors and dealers of the day overlooked this issue.

With 1998 and 2009 P.F. and 2011 P.S.E. certificates (XF-Superb 95; SMQ $5,750.00). Only two have graded higher (both at 98, one realized $13,500 in a 2013 auction) and only eleven others share this grade, a statistic that his not changed since 2013

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