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Continental Currency May 10, 1775 $20 PCGS Apparent About New 50.. ...
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Description
Handsome and Very High Grade Marbled Edge Continental - One of the Finest Known
Continental Currency May 10, 1775 $20 PCGS Apparent About New 50.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 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 at the left is extremely bold and colorful and both the red and brown signatures are fully bright. PCGS has assigned the apparent grade for "Restorations," which is accurate. The right face margin was apparently tattered to the border design and has been professionally rebuilt. Much of the border design and all of the text are totally original. The all-important left end with the multi-colored marbling appears to be perfectly original. No Uncirculated example has been graded by either service, with the highest-graded piece a PCGS 58PPQ. That note auctioned in August 2011 for $69,000.
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Auction Info
2016 January 6 - 12 FUN Currency Signature Auction - Tampa #3541 (go to Auction Home page)
Auction Dates
January, 2016
6th-12th
Wednesday-Tuesday
Bids + Registered Phone Bidders: 1
Lot Tracking Activity: N/A
Page Views: 1,692
Buyer's Premium per Lot:
17.5% of the successful bid (minimum $14) per lot.
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