1840-O 25C Drapery VG10 PCGS....
1840-O 25C Drapery VG10 PCGS. Small O. The first New Orleans issue of the denomination presents three distinct (and scarce) varieties: No Drapery, Large O; Drapery, Large O; and Drapery, Small O. Cream-gray overall with somewhat deeper toning near the rims. Only lightly abraded. The BER in LIBERTY is bold, with the other letters faint but partly present.(Registry values: P5) (NGC ID# 23SJ, PCGS# 5398)
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