Skip to main content
Go to accessibility options


    Finest Graded North Carolina December 29, 1785 40s at Both Services Combined

    North Carolina December 29, 1785 40s PCGS Choice About New 55PPQ.
    Unpriced in both Newman and Friedberg. This note from the final issue of North Carolina Colonials would be the highlight of any wonderful Southern States Colonial Collection. The notes from this issue, as well as the prior issue, were redeemable until late 1816, which as Newman points out was 29 years after the issuance of Bills of Credit by States was prohibited by the U.S. Constitution. This very lightly handled note with a Justice vignette retains a bold serial number and the signatures of Absalom Tatom and John Hunt. Tatom (1742-1802) served in a number of public service roles during his lifetime. He rose to the rank of captain in the Continental Army during the Revolutionary War. Three years after signing this note, Tatom was a delegate to the convention which considered ratification of the U.S. Constitution. Seventy-four men were invited to serve as delegates, 55 actually attended part of the convention, and 39 signed the document. Tatom was an attendee, but not a signer.

    This piece is tied with one other for the finest yet graded by PCGS for the entire eight-denomination issue, the other piece being 2s6d. PMG does not differentiate between genuine notes and counterfeit examples in their census. An extremely rare note in any grade, with this the finest of the lot. The issue is unpriced in Newman, but they cite some auction records: a VF Forty Shillings realized $3,220 in October of '06, and an XF 1s realized over $7,000 in May of '05. In September 2009, we sold a PMG 50 for $7,475. This PCGS 55PPQ should easily break the previous record for this type.
    From the Cherry Blossom Collection

    View all of [The Cherry Blossom Collection ]

    Auction Info

    Auction Dates
    September, 2018
    5th-11th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 255

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Sold on Sep 5, 2018 for: Sign-in or Join (free & quick)
    Track Item

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Consign to the 2022 April 22 Paper Money Fair - Netherlands World Banknote Signature® Auction - .

    Learn about consigning with us

    I think heritage is the best auction house and has the best service - that’s why I use you. 
    Sara B.,
    Dubai, UAE
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search