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    Description

    Delaware May 1, 1777 1s PMG Extremely Fine 40 Net.
    £25,000 in legal tender Bills of Credit were authorized by the Act of February 22, 1777 with £15,000 for mortgage loans and £10,000 for continuing expenditures. This series of notes features the new state coat of arms which had been adopted in January 1777 on the face and the by now standard sheaf of wheat on the back. The legal tender status of the the state's notes was revoked on November 4, 1780. The note is well printed on paper which seems to have a diagonal band of light toning across the upper left corner, and has strongly penned signatures of Laws and Wiltbank and adequate margins for the grade. PMG mentions corner repairs, presumably referring to the upper left corner.
    From the Colonial Valley Collection, Part II


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    Auction Dates
    June, 2021
    27th Sunday
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