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    Description

    Rare and Desirable "Island Money" Note

    Pennsylvania April 29, 1780 5s PCGS Very Fine 30.
    You can count on one hand the number of notes we have sold from this series across all denominations. 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-XF note, without a hint of a problem. 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. Tonight's impressive offering is the nicest problem free example we have sold from this rare series. A great colonial.


    Auction Info

    Auction Dates
    April, 2021
    21st-23rd Wednesday-Friday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 85

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