Very Rare North Carolina May 17, 1783 40s NoteNorth Carolina May 17, 1783 40s PCGS Apparent Very Fine 20.
Of the seven denominations for this issue, we have only been able to offer two notes over the years, both 10 shillings examples. This 40 shillings note has three wide margins. PCGS noted that it has been pen cancelled by means of an "X" drawn at the center of the face. There are known counterfeits of the higher denominations from this issue. The difference on this denomination, according to Newman, is that the second "S" in the second "SHILLINGS" has a much larger top than bottom. Also, the text is engraved rather than typeset. Edge and internal splits along with staining on the back at right led to the apparent grade. All of the notes from this issue are listed in Newman without any values. The Friedberg book is also without any values, simply the phrase "very rare." The vignette at left is Angel Gabriel and the church. The printer was Thomas Davis, the son of previous printer James Davis. The warning on these notes was "Counterfeiters Beware" rather than "Death to Counterfeit." John Hunt was the signer of this piece. The notes from this issue and the subsequent, the last of the North Carolina Colonial issues, also printed by Thomas Davis, remained in circulation until 1816 which explains their low survival rate. Part XV of the Ford sale included three denominations from this issue, but not a 40 shillings example. The two somewhat comparable notes in appearance in that sale brought a bit over $1000 each in October 2006.
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