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    Raised Denomination "48s" Sword in Hand

    Massachusetts December 7, 1775 "48s" Raised From 8s PMG Very Fine 25 Net.
    This lovely Sword in Hand note has had its denomination raised to the highest value in the issue by its Colonial owner. Both the digit corner counters and the text have been carefully redone in pen as has the "48 Shillings" at the top of the back above the Sword in Hand vignette. This practice was a relatively common form of fraud, akin to counterfeiting, that has continued from Colonial times to the present day. This issue was printed (except for the denomination) by Paul Revere. This is the only example of a raised Sword in Hand that we have had the opportunity to examine, and it will likely arouse considerable interest among this state's many collectors. PMG has noted that it is repaired and raised from 8s. The repair appears to us to be only a lightly reinforced centerfold. When we last sold this note in 2002, it realized over $3,000. We suspect on today's far more sophisticated Colonial market, it will do quite a bit better.


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    Auction Info

    Auction Dates
    January, 2013
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 180

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