Fr 1311 50¢ First Issue Fractional - Perforated F - VF

Fr 1311 50¢ First Issue Fractional – Perforated F - VF. A beautiful example of the first released 50 cent First Issue Perforated Fractional without a monogram on the reverse. These notes were made to resemble postage stamps early on which accounts for the perforations.  The perforations turned out to be a hassle so they were quickly discontinued.  These notes are not easy to come by and have very few retail listings. Graded Fine - Very Fine