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Massachusetts December 7, 1775 8d PCGS Apparent Extremely Fine 40.. ...
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Sold on Oct 17, 2012 for:
$9,106.25
Bid Source: Live: Floor bidder
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Description
The Scarcest Denomination for this Sword-in-Hand Issue
Massachusetts December 7, 1775 8d PCGS Apparent Extremely Fine 40.This is only the second example we have been able to offer of this note according to our data. There were sixteen denominations for this issue, with this Eight Pence note being the lowest of those. Of the sixteen, it carries the highest value in the Friedberg reference, although Newman does not differentiate values among most of the denominations. Although PCGS has not released a Colonial census, PMG's records indicate they have graded only one example, a Fine 12. Not surprisingly, these notes are quite popular with collectors as they were printed by Paul Revere and include the "Sword in Hand" vignette. The signer of this piece is D. Hopkins. The note does have an apparent grade as listed by PCGS for edge restorations, but they are quite minor. The other example we sold was a Fine 15. This piece, as an XF-40, is an extremely important Massachusetts note. In Friedberg, thirteen of the sixteen denominations of this issue are listed up through XF. But this denomination is not listed above Fine, where its $7500 price is the highest for any of the sixteen notes in the issue. The Newman price at this grade level is $17,500, which, while above the current market, is not wholly unrealistic.
Auction Info
2012 October 17-23 ANA Currency Signature Auction- Dallas #3520 (go to Auction Home page)
Auction Dates
October, 2012
17th-23rd
Wednesday-Tuesday
Bids + Registered Phone Bidders: 2
Lot Tracking Activity: N/A
Page Views: 542
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17.5% of the successful bid per lot.
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