DescriptionSouth Carolina February 8, 1779 $40 PCGS About New 53.
An exceptionally nice example of this lowest and toughest denomination from the issue. 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. This is number 1195 of the 2000. The note is very bright and more than pleasing, with margin all the way around. The back design is sharply printed and beautifully 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. The note gives the appearance of a new piece, but very close inspection reveals a couple of light folds. An impressive note that belongs in a top-quality collection as few pieces appear at auction. This is the highest third party graded $40 that we have ever offered and the third highest graded at PCGS.
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