---

Fractional Currency

---

---

Fr. 1297 25c Third Issue
Grade: Very Choice CU    

---

Broad margins and picture perfect centering allow for this unusually high-grade note, as Gems of this number are few and far between. The bronzing and color are as bold as we have ever seen on one of these fiber paper notes. The back centering is low to the edge and there is a central pinch. Save for these facts this note would be a Gem. Green Sheet ask in the assigned grade is $525.

---