Description

    Continental Currency May 10, 1775 $20 PCGS Apparent Very Fine 25, Restored at Center. The story behind this unique design is chock-full of events and major players from our Nation's early history. The Continental Congress approved $3,000,000 in notes to be printed for the May 10, 1775 issue, which ultimately comprised of the denominations $1 through $8, $20, and $30. Each of the denominations was uniform in size and approximately 3 3/4 inches by 2 7/8 inches, save for the $20 which was approximately 5 inches by 2 1/2 inches. What's more, the paper on which the $20 notes were printed was a much thinner paper than what was provided by Benjamin Franklin, perhaps suggesting he had some hand in the design of this issue. The left end of each of the $20 bills has a polychrome multicolor anticounterfeiting device, of which the engravings have been attributed directly to David Rittenhouse (first Director of the U.S. Mint as well as noted astronomer and scientist). A total of 11,800 of these colorful notes were printed, compared to 49,000 of most of the other denominations. This particular piece is moderately circulated with the marbled colors remaining sufficiently bright. As with all the known pieces, the back is inverted. The restoration mention on the third party holder may be mostly ignored as the restoration is perhaps one of the most professional jobs we have seen. Both the design and history behind this storied issue rank it No. 79 in the book 100 Greatest American Currency Notes.
    From The Troy Wiseman Collection


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    Auction Dates
    September, 2006
    14th-15th Thursday-Friday
    Bids + Registered Phone Bidders: 6
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