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    Rare and Desirable Vermont 20 Shilling

    Vermont February 1781 20s PCGS Apparent Extremely Fine 40.
    Only the fifth 20 shillings Vermont note we have offered and a piece with superior eye appeal to most of the examples that we have sold. All Vermont notes are very rare, and most known examples are in extremely low grade. The majority of the known pieces have been pieced together from several different notes, often of different denominations. The notes were printed by Judah P. Spooner and Timothy Green III on thin, weak paper that quickly disintegrated in circulation. Their scarcity is due to the fact that only a single issue was emitted, and that issue, authorized in February of 1781, had its legal tender status revoked after a little more than a year in circulation. The scarcity was increased by the fact that these notes retained their validity for tax payments, but the Treasury was denied the right to re-issue the bills, and they were burnt when received for taxes. On this note all of the printing and the signatures remain bold. This is a much rarer denomination and an extremely respectable example. The italic grade was assigned due to a rebuilding of the right edge. This example is number 140 of the 3,600 pieces that were issued. The signers were Thomas Porter and Ebenezer Walbridge. According to the PMG Population Report, they have graded only a single 20 shillings, a Fine 12. PCGS has graded 5 examples, none of which appear in the population report as all five of them were italic or apparent. It is a pretty safe bet that this 40 is the best of them. The motto on the face shows a scale of justice, with the words, "Vermont Calls For Justice," a reference to the fact that Vermont was not included in the original group of colonies and joined later to become number fourteen. The repairs to the edge are fairly decent from the face, but less so from the back. Re-repaired with the proper hands, this already outstanding Vermont note would be significantly heightened in value and appearance.
    From the Cherry Blossom Collection

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    Auction Info

    Auction Dates
    September, 2018
    5th-11th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 361

    Buyer's Premium per Lot:
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