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Continental Currency May 10, 1775 $20 PCGS Apparent Very Fine 20....
Lot: 12002,
Auction: 2009 September Long Beach, CA Signature CAA Currency Auction #3506
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| Sold for: |
Not Sold
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| Ended: | Sep 8, 2009 |
| Item Activity: |
0 Internet/mail bidders
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Description:
Twenty Dollar May 10, 1775 Marbled Edge Continental
Continental Currency May 10, 1775 $20 PCGS Apparent Very Fine 20. This marbled-edge Continental note is unlike any other from the entire series of 102 different pieces. On page 203 of Historical Sketches of American Paper Currency, published in 1866, Henry Phillips, Jr. had this to say, "The note is a very peculiar one, being entirely different from all the rest of the issues of the Continental Congress. How this happened or the reason for so strange a deviation, is not and perhaps can never be known." These $20 bills were printed on weak, thin white paper that was furnished by Benjamin Franklin. The left end of the bills had a polychrome multicolor anticounterfeiting device that gave the notes a distinctly different appearance. They were also considerably wider and shorter than any other Continentals were. The back of this example, as on all known pieces, is inverted. The marbling on this note is quite narrow, although the left end is not cut short. The marbling on most notes was simply printed farther into the note. PCGS has assigned the apparent grade for minor edge tears, which are almost always seen on these weak, thin notes. This is a far nicer example than most that reach the market, and it is free from the often-seen major restorations. The new Newman lists these notes at $17,500 in Very Fine. While this note will fall far short of that number, it certainly should challenge the five-figure mark. On balance, it's one of the nicer examples we've handled of the rarest and most popular of the Continental notes.From The Midnight Ride Collection
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Shipping Description: Coins & Currency (view shipping information)
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(Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)This lot is in: Currency Auctions of America - Heritage Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 12001-15479)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.
Guides and Pricing Information:
Previous Prices from Heritage Auctions
| Lot | Date | Realized |
|---|---|---|
| Auction 3508, Lot 12005 | Monday, January 11, 2010 | $1,610.00 |
| Auction 3505, Lot 12002 | Sunday, May 3, 2009 | $4,025.00 |
| Auction 3505, Lot 12003 | Sunday, May 3, 2009 | $5,462.50 |
| Auction 3504, Lot 12001 | Sunday, January 11, 2009 | $4,025.00 |
| Auction 3500, Lot 12292 | Saturday, April 19, 2008 | $7,475.00 |
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