Rare Twenty Shilling Vermont NoteVermont February 1781 20s Very Fine-Extremely Fine. This is the seventh Vermont note we've handled in our 36 sales, and only the first Twenty Shilling. Our previous offerings have been four 2s6d notes, a 1s and a 40s. 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. Vermonts are unpriced in Newman above the Very Good grade. They are printed 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 as taxes. This note has seen very little actual circulation, although it does have some edge damage. It's well margined all the way around, except for the lower inch of the right face margin. The bottom half inch of the note appears to have been split and sewn at one point, but the thread is now gone, and the note has been re-joined. All the printing as well as the signature is bold, and the note, unlike virtually all of its contemporaries, has had no paper added. A much rarer denomination and an extremely respectable example.
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