Rare Gem Tete-Beche Pair

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Fractional Currency

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Tete-Beche Proof Pair 10c Fifth Issue
Grade: PMG Gem UNC 65    

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This is probably the finest known example of a genuinely scarce item. Seven pairs are known to exist whose roots are from a 1985 sheet discovery. That sheet was cut up and the pairs sold to some of the major collectors of that Golden Age of Fractionals. These tete-beche arrangements were produced so that the localized anti-counterfeiting stain could be made at the center of the sheet and still appear at the proper end of each note when they were cut. This note was graded early on before the EPQ designation was concocted but it is certainly deserving of those honors.

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