DescriptionNorth Carolina August 21, 1775 $5 PCGS Apparent Very Fine 25.
Likely the most common of the nine denominations from this scarce issue which consisted of £125,000 in Bills of Credit, this very rare $5 note includes a vignette of Governor Tryon's palace in Newbern at lower left. According to the records, Richard Caswell, Samuel Johnston, Andrew Knox, and Richard Cogdell were to superintend the printing and sign the bills. They were then to deliver them to the two treasurers- Samuel Johnston for the Northern division and Richard Caswell for the Southern division. Newman lists an additional signer, Thomas Jones. Although Newman does not make any reference to the printer for this issue, it is believed that silversmith William Tisdale of Newbern engraved and printed the 1775 notes according to Neil Fulghum. Each of the denominations had a printing of 4,000 with the exception of the £10 notes, the highest denomination of the issue, which had a printing of 3,000. Major restorations, design redrawn, and a small hole near center resulted in the apparent grade. Large portions of the note are covered with archival tape.
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