LOT #12387 |
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Maryland July 26, 1775 $1 1/3 PMG Choice Fine 15....
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Sold on Jun 17, 2010 for:
$6,325.00
Bid Source: Live: Floor bidder
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Description
Unusually High-Quality Allegorical Maryland
Maryland July 26, 1775 $1 1/3 PMG Choice Fine 15. "When these are seen, and they are extremely rare in all grades, they are virtually always in tatters. This is one of the finest examples that Heritage has had the privilege of handling. The engraving is far more elaborate than on any other Maryland issue, and the allegorical vignettes, although not executed with great skill, are as evocative as anything seen on Colonial Currency. The vignette at the top of the face shows George III setting fire to an American city with a torch while trampling on the Magna Charta. The back is entirely given over to a vignette of Peace and Liberty. One of the most popular Colonial notes, and extremely rare in all grades." That is the description that we recently used for a PCGS Apparent 15 with repaired tears. This solid 15, in a comment-free holder without a hint of restoration, is an incredibly important note, which both Maryland specialists and Colonial generalists will instantly recognize as virtually irreplaceable. The all-important vignettes on both sides are crisp and clear. The border cut is present on this example and includes the text, "An appeal to HEAVEN" while the left cut reads, "Pro Aris et Focis," translated as "for altars and the hearth." Also "TS" is observed at the left cut for Thomas Sparrow who made the woodcut. The signature of Thomas B. Hodgkin remains clearly visible at left. The series was issued in order to raise money for the manufacture of gunpowder. The Newman reference values this note at $15,000 in Very Fine, and while that may be a touch optimistic, this beautiful note could well approach that level.Auction Info
2010 June Memphis, TN Signature Currency Auction #3510 (go to Auction Home page)
Auction Dates
June, 2010
17th-21st
Thursday-Monday
Bids + Registered Phone Bidders: 2
Lot Tracking Activity: N/A
Page Views: 1,709
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15% of the successful bid per lot.
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