Description

    PCGS Very Fine 25 5s 1780 Island Money Note

    Pennsylvania April 29, 1780 5s PCGS Very Fine 25. This is the first 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. The Newman book values these at $4500 in Fine, with no higher grade given. This VF 5s note is very likely one of the finest in existence. A highlight of the Midnight Ride Collection.
    From The Midnight Ride Collection


    Estimate: $7,500 - up.

    View all of [Midnight Ride Collection ]

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    Auction Dates
    September, 2009
    8th-13th Tuesday-Sunday
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