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    Highly Desirable One Shilling Sword in Hand Note

    Massachusetts August 18, 1775 1s PMG Fine 12 Net.
    This is the first Sword in Hand issue. It was engraved and printed by the famous Colonial patriot Paul Revere. Sixteen different denominations were printed, and fifteen of the sixteen had a small ship vignette on the face. Only this 1s denomination bears a pine tree vignette on the face where the ship is normally found. The appealing design on the back includes an American Revolutionary figure holding a sword in one hand and a copy of the Magna Carta in the other. The text includes "Issued in defence of American Liberty." and "Ense petit placidam, sub Libertate Quietem" (By arms he seeks peace with freedom). Only 10,000 of these notes were printed. PMG has noted tape repairs and halves sewn together at center, with the tape being on the back. In spite of its heavy use, it retains considerable collector value due to its historic importance and lack of availability in higher grades. The 5th edition Newman lists this note at $10,000 in Fine--nearly triple the price of all the other fifteen denominations. It is also the only denomination listed with no price above the Fine grade, while all other denominations are priced in VF and XF. We have only sold three examples of this much better denomination. In an incredibly weak 2009 market we sold a PMG Fine 12 Net for $2,185; this note could approach that figure if two bidders come to realize how much they should own this note.

    Auction Info

    Auction Dates
    February, 2016
    16th Tuesday
    Internet/Mail Bids: 4
    Lot Tracking Activity: N/A
    Page Views: 537

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    Sold on Feb 16, 2016 for: Sign-in or Join (free & quick)
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