FR 261 "MORGAN BACK" $5 C.G.C. 55PQ
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FR. 261 $5 1886 SILVER CERTIFICATE "MORGAN BACK" FINEST KNOWN CGC 55PQ! THIS FR# IS EXTREMELY SCARCE AND OUT RIGHT RARE IN THIS CONDITION! THERE ARE ONLY 4 AU'S LISTED THAT WE COULD FIND WITH ALL GRADING CO'S AND ONLY 2 IN CH CU 64 (NO EPQ) AS HIGHER GRADES AND I CANNOT IMAGINE THAT THE 2 64's COULD LOOK THIS NICE! THE MARGINS ON THE FRONT AND BACK ARE EXTREMELY WELL BALANCED, SO MUCH SO, THAT I'VE NEVER SEEN A MORGAN BACK (OF ANY FR#) WITH SUCH BROAD FRONT MARGINS! THE 261 IS MUCH RARER THAN THE 261 IN GRADE CONDITION. FOR EXAMPLE, THE 261's HIGHEST GRADE RECORDED IS IN CH CU 64 (NO EPQ) AND THE 262 (other large RED SEAL) HIGHEST GRADES CONSIST OF 1-65, 2-66 AND 4 (FOUR!) IN 67PQ!!! THUS, THE 261 IS MUCH RARER PIECE IN HIGH GRADE CONDITION! THE CATALOG SHOWS THE 262 IN GEM 65 AT $32K, SEEMS THAT GOT THIS ONE RIGHT (WHICH IS VERY RARE) AS A FR 262 IN 65 JUST SOLD IN AUG 2012 FOR $33K (ALL IN). HOWEVER, THE CATALOG DROPS THE BALL (AS NORMAL) WHEN PRICING THE FR 261 IN GEM 65 AT ONLY 27K ($5K LESS THAN THE 262, WHICH IS OPPOSITE OF REALITY), SINCE WE JUST POINTED OUT, THERE HAS NEVER EVEN BEEN A GEM 65 261. ALSO, THE 261 CATALOGUES AT $12.5K IN A 63 GRADE AND $17.5K FOR A 262 IN SAME GRADE (AGAIN, INVERTED FROM REALITY BASED ON RARITY). THE 261 SHOULD SHOW AT $17.5K IN 63 (AND THEN SOME). IN ANY EVENT, RESEARCH CLEARLY REFLECTS THE 261 AS THE RARER LARGE RED SEAL MORGAN BACK AND WITH ONLY 2 RECORDED IN 64 (NON EPQ) THIS EXAMPLE IS CLEARLY THE FINEST BEING OFFERED IN THE OPEN MARKET AND WILL IN ALL PROBABILITY REMAIN THERE! A VERY RARE OPPORTUNITY FOR THE ADVANCED COLLECTION!
