LOT #12010 |
Sold on Aug 11, 2010 for: Not Sold
Continental Currency May 10, 1775 $20 PCGS Choice About New 58PPQ.. ...
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Description
The Finest Known May 10, 1775 $20- Printed on Marbled Edge Paper Procured by Benjamin Franklin
Continental Currency May 10, 1775 $20 PCGS Choice About New 58PPQ.Far and away the highlight of The Collection of a Patriotic American. This marbled-edge $20 is the most distinctive and rarest of all the Continentals. It is the only piece of the 102 different notes that has a different shape, size, paper, and color. Benjamin Franklin procured this distinctive marbled edge paper from his contacts in Paris. The note is not terribly rare in lower grade, but the paper was soft and weak, and very few examples are known that are not damaged and/or restored. This can be clearly seen by the PCGS census which indicates that they have graded fifteen examples with all but two going into "APPARENT" (formerly red) holders indicating major problems. PMG does not break out its "NET" graded notes, but of the twenty examples that they have seen, the same proportion of damaged notes likely exists.
This PCGS 58PPQ shows not a hint of a split, edge nick, or repair of any kind. The Franklin supplied paper was far whiter than that used for any other Continental- a feature which allows the marbling at the left edge to show to its greatest advantage. The marbling (also called polychroming) on this note is particularly wide and brilliantly colored. Both signatures also retain their full color. The note has clearly seen not a touch of circulation and is held from the Choice New grade by a single very light fold that falls about half way between the marbled edge and the serial number. This cataloger has written descriptions for any number of notes that have realized over $500,000. And while this note is not yet in that class for price, it blows those other pieces away for true historic value. Irreplaceable.
From The Collection of a Patriotic American
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Auction Info
2010 August Boston, MA Signature ANA Currency Auction #3511 (go to Auction Home page)
Auction Dates
August, 2010
11th-16th
Wednesday-Monday
Bids + Registered Phone Bidders: 1
Lot Tracking Activity: N/A
Page Views: 7,204
Buyer's Premium per Lot:
15% of the successful bid per lot.
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