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Home / Currency / 2015 September 16 - 22 LB Expo Currency Signature Auction - Long Beach Auction #3537 / Lot #18264
    LOT #18264  | 
    Sold on Sep 22, 2015 for: Sign-in or Join (free & quick)

    Pennsylvania April 20, 1781 £5 PCGS New 62PPQ.. ...

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    Colonial Notes:Pennsylvania, Pennsylvania April 20, 1781 £5 PCGS New 62PPQ.. ...
    Colonial Notes:Pennsylvania, Pennsylvania April 20, 1781 £5 PCGS New 62PPQ.. ...
    Sold on Sep 22, 2015 for: Sign-in or Join (free & quick)
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    $4,406 or more

    This item's owner is actively responding to offers, usually within 3 days. Most owners in this category are still actively buying, and therefore interested only in offers where they can net (after our 10% fee) an amount sufficiently above today's market value. Owners in this category seldom counter-offer, and will usually simply reject offers placed at current auction values or lower.

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    Description

    The Finest of Only Two Examples Graded at Both Services Combined

    Pennsylvania April 20, 1781 £5 PCGS New 62PPQ.
    If the left face margin were as broad as the other three, this rare note would be a perfect gem. It is the finest known: PMG has never graded one and PCGS has graded two with this the only Uncirculated example. Save for this piece, the only note of this denomination and issue that we have handled was at FUN in 2002. We described that note "An extreme rarity that is very underappreciated by all but the few Colonial Experts. This is the first £5 note from this issue that this cataloger has handled in forty years of dealing with Colonial notes. Both Newman and Friedberg indicate that this note is scarcer than the rest of the issue, but neither gives any assessment of the note's true rarity. We are aware of only one other example, and the note is on the want list of every current Colonial collector that we know of. In our opinion, notes like this make Colonial one of the most intriguing collecting areas, as major rarities can be purchased for modest sums, and great bargains can still be found with a little knowledge and a lot of patience." It's likely that the only other example graded by PCGS is the piece we sold in 2002. That note was raw we and it XF-AU; it sold for $1667 thirteen years ago. This note is infinitely superior and will probably remain finest known forever.

    Auction Info

    Auction Dates
    September, 2015
    16th-22nd Wednesday-Tuesday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 401

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

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    Sold on Sep 22, 2015 for: Sign-in or Join (free & quick)
    Sold on Sep 22, 2015 for: Sign-in or Join (free & quick)
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