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    Description

    Very Rare April 1780 Five Shilling Pennsylvania

    Pennsylvania April 29, 1780 5s PCGS Very Fine 25.
    A very rare Pennsylvania note that last appeared on the market in our 2010 FUN auction where we said, "This is the only example of this note that we have handled in any of our sales. This issue is referred to as 'Island Money,' as it was secured by a pledge of land, including Province Island. The date of invalidity of this series was moved several times, with the final date being January 1, 1793. At that time, remaining notes were redeemed with specie, accounting for the extreme scarcity of these pieces today. The note is a solid VF, without a hint of a problem. This VF 5s note is very likely one of the finest in existence. The Newman book values these at $4,500 in Fine, with no higher grade given. The Friedberg catalog simply notes the entire issue as very rare, with no price for any grade." As of today, it is still the only specimen of this very rare issue to grace one of our auctions.
    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: 3
    Lot Tracking Activity: N/A
    Page Views: 106

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