Very Fine 35 Apparent May 10, 1775 Marbled Edge ContinentalContinental Currency May 10, 1775 $20 PCGS Apparent Very Fine 35.
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 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 provided by Benjamin Franklin, perhaps suggesting he had some hand in the design of this issue as well. The left end of each of the $20 bills has a polychrome multicolor anticounterfeiting device, which has 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 example has an extremely wide and bright marbled edge at the left measuring well over 1/2 inch. The VF 35 grade seems accurately applied. The Apparent is due to "Reconstructed; Splits, Tears And Repairs." It seems to have been made by combining two notes. The face lines up perfectly, but the back lines up only adequately. The overall appearance is that of an extremely nice piece, and it is likely to sell for about half as much as an unreconstructed example in the same grade. As a collector, this cataloger would much prefer this note to one with rebuilt paper or design. The note is entirely an original May 10, 1775 $20, simply a left half from one and a right half from another.
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