DescriptionSouth Carolina February 8, 1779 $40 PMG Choice Very Fine 35. 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 #1661 of the 2000. The note is bright and pleasing, with some margin all the way around, although the borders are quite tight to the frameline. 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. PMG has noted a tear, but it is very minor and hard to find.
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