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    Unique One Pound 1731 South Carolina Note - One of Three Known Survivors from the Series

    South Carolina 1731 One Pound (20s) PCGS Very Fine 35.
    To our best knowledge, only three notes are known from this entire issue- a 7s6d note graded PCGS Good 6 Apparent owned by Eric P. Newman which we recently sold for $6,600; the spectacular Ford ten pound note which graded XF and realized $50,600; and this example, a partially signed remainder. Each of the three denominations is unique, with no examples known of the nine remaining denominations. This rare piece was signed by Othniel Beale, one of the authorized signers of this issue whose signature also appeared on the Ford ten pound note. Beale owned property on Rainbow Row, the nickname for a series of thirteen colorful historic houses in Charleston, South Carolina. Although always referred to as Rainbow Row, it is actually Beale Row and it represents the longest cluster of Georgian row houses in the US. Four of the houses on Rainbow Row were initially the single Beale home, but were later divided into four distinct homes. Born in Massachusetts, he was one of the richest men in Charles Town who did not make his fortune in the slave trade. His engineering background resulted in his being appointed superintendant in charge of rebuilding Charleston defenses after their destruction in a hurricane. The note itself carries its entire indent, plus an additional inch of margin at the left. Although purely conjecture, it may well have been saved as a souvenir by the Beale family. A later notation in the far left margin reads, "Paper money of the American United States, when British provinces, 1731." Fully-signed and numbered, this would certainly be a $50,000 note. PCGS has graded this example italic 35 and correctly called it a one-signature remainder. The flaws responsible for the italic grade are, "missing UL corner tip; ink erosion in signature; mounting remnants on back." The missing corner tip is blank paper at the upper left of the extraneous margin and the mounting remnants can barely be seen. The issue was so rare that the vignettes were unidentified until each of three unique denominations appeared. The Ford ten pound had a deer, the 7s6d bears a thistle, and with the appearance of this note we now know the one pound vignette is that of a frolicking horse. This remainder, while certainly not as desirable as a fully-signed and numbered piece, will likely remain unique for the denomination forever as part of this extremely rare issue.

    Auction Info

    Auction Dates
    January, 2018
    3rd-9th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 204

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