Description

    Highest PMG Graded Example

    South Carolina April 10, 1778 20s PMG About Uncirculated 50. This is only the third time that we have stepped to the plate with this rare high denomination from this issue. The other two notes were also much lower on the grading ladder than this attractive note. In fact this is the highest PMG graded example by 25 grade points over its closest competitor. These are currently priced at $2000 in VF in the latest fifth edition of Newman. April 10, 1778 South Carolina notes are an odd issue. Due to the existence of a hoard, four of the eight denominations are common even in high grade. The other four (7s6d,15s, 20s and 30s) are rarely seen and most survivors are in VG or lower grades. This PMG AU50 "Horse" is an extreme rarity at this grade level. The Stacks Ford sales contained two of these. The best single was a Very Fine and the second piece was part of a damaged sheet graded Very Good. This note is certainly one of the very finest, if not the single finest known.

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    Auction Info

    Auction Dates
    January, 2009
    7th-11th Wednesday-Sunday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
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