Fr. 1299. 25 Cents. Third Issue. PMG Extremely Fine 40 EPQ. A classic fractional rarity that has solid bronze surcharge on face and which is printed on fiber paper. Uncommon as a problem free EF note. For whatever reason, the solid surcharge fiber paper Fessenden notes were printed on a much coarser and more brittle fiber paper. These are commonly seen in the Fine-Very Fine grade range with tears, paper chips, stains, etc. A high-grade example found in a comment-free holder is not an everyday occurrence. We sold a PMG Extremely Fine 40 for $960 in 2020.
