LOT #20135 |
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Pennsylvania April 29, 1780 5s PCGS Very Fine 30.. ...
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Sold on Apr 21, 2021 for:
$1,740.00
Bid Source: Internet bidder
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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
2021 April 21 - 23 Central States Currency Signature Auction - Dallas #3582 (go to Auction Home page)
Auction Dates
April, 2021
21st-23rd
Wednesday-Friday
Bids + Registered Phone Bidders: 2
Lot Tracking Activity: N/A
Page Views: 151
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20% of the successful bid per lot.
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