Bold and Rare Vermont 40 ShillingsState of Vermont February 1781 40 Shillings Fr. VT-7. PCGS Very Fine 30 Apparent.
A bold 1781 Vermont note from a traditionally coveted and renowned Colonial currency series. The State of Vermont, February 1781 notes 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 had one or more 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 The notes were used for a year, then their legal tender status was revoked; but they continued to be used for paying taxes and were destroyed at the time of payment.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. This second highest denomination is rarer than each of the lower denominations. The 1990 Sanborn Partridge census listed only ten examples at that time, though a few more have surfaced in the past quarter century. Signed on the face by E. Walbridge and T. Porter, with a little inking weakness in the latter signature. There is a small pen endorsement at the bottom of the back. The note has exemplary paper body overall with the exception of a chipped, slightly ragged upper left corner. It faces up very well, with ample borders on all sides. A longer central split is hinge repaired on the back, just into the imprint. The deeply inked printing clarity is excellent. Noted with "Splits and Tears; Hinge Repair on Back; Minor Damage in UL Corner." A handsome Vermont 40 shillings. Superior to the Boyd Collection note that was backed on paper and rough along the entire right edge. This will be a perfect addition to a high-caliber Thirteen Colonies set or any significant Colonial currency collection.
Ex: Eric P. Newman Numismatic Education Society.
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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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