Lovely May 10, 1775 $20 Marbled Edge NoteContinental Currency May 10, 1775 $20 PCGS Apparent Extremely Fine 40.
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 Apparent has been assigned for "Minor Restorations" which seem to be repairs of a few minor edge nicks. The marbling is medium wide with excellent color and both the red and brown signatures are extremely strong. Our most recent exact comp is another PCGS 40 Apparent which we sold in April 2013 for $7,050. In April 2012 we sold a PMG 45 for $10,350. This note will likely fall right between those numbers.
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