Description

    Very Rare and Highest Denomination Vermont 3 Pounds

    State of Vermont February 1781 3 Pounds Fr. VT-8. PCGS Very Fine 30 Apparent.
    This is a very rare and desirable highest denomination 1781 Vermont note. The February 1781 State of Vermont notes are a traditionally coveted and renowned Colonial currency series. They are essential members of any well-rounded and significant Colonial currency cabinet. The frail paper, brief period of issue, and the fact that only eight denominations were emitted contribute to their rarity. Because many collectors desire an example for a general typeset, or to add in with their "Thirteen Colonies" sets, the existing 150 or so known of all denominations tends to be rather spread out. Only the major cabinets, such as the Newman Collection, have contained multiple denominations. Even F.C.C. Boyd did not have a complete eight denomination set. The series was printed by Judah Spooner and Timothy Green III on very thin, fragile paper that cracked quickly and disintegrated over time. The notes were used for a year, then their legal tender status was revoked; but they continued to be used for paying taxes and were destroyed at the time of payment. The face shows fancy side borders and top border cut. At the lower left is a seal with the motto VERMONT CALLS FOR JUSTICE. The back shows a diamond pattern rectangle forming a cartouche with the imprint and counterfeit warning inside. Only 10 examples were reported on the Sanborn Partridge census compiled in 1990 and published in the Ford Part III sale catalog. Signed on the face by Porter and Fasset. The printing clarity is excellent on this note, and though partially reconstructed, it has excellent eye appeal. The top margin is broad. Noted with "Splits and Repairs; Minor Edge Damage; Minor Stains." This is an appealing note and very rarely offered for sale. It is the first Vermont 3 pounds we have cataloged for sale.
    Ex: Eric P. Newman Numismatic Education Society.


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    Auction Info

    Auction Dates
    Dec-Jan, 2017
    7th-11th Wednesday-Wednesday
    Internet/Mail Bids: 12
    Lot Tracking Activity: N/A
    Page Views: 743

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    17.5% of the successful bid (minimum $19) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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