DescriptionSouth Carolina February 8, 1779 $100 PMG Uncirculated 62.
Wonderfully bright, boldly signed, and seemingly faultless. The 62 grade tells us the note is fully uncirculated, but given that it is fully uncirculated we see no reason the gem grade was not applied as the note certainly appears gem in every sense. We are guessing that the heavily embossed edges of the back plate were mistaken as a defect rather than a charming and integral part of the note, resulting in what we feel is a far lower than realistic grade. The original issue contained only $40, $60, $80 and $100 notes, and those are the elusive denominations. The $50, $70 and $90 denominations were added later, and these are the ones that are most often seen. Of the first issue, the $40 was the shortest printing, with only 2000 notes produced. There were 3,000 examples printed for this $100 denomination. The back design is sharply printed and very well centered; the engraving is one of the most elaborate on Colonial Currency. It was executed by Thomas Coram of Charleston. Coram signed the backs of the three later-issue denominations, with the $40, $60, $80 and $100 notes being unsigned, although they are Coram's work.
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