Elusive Vermont 10 ShillingsVermont February 1781 10s PCGS Apparent Very Fine 35.
All Vermont notes are very rare, and most known examples are extremely low grade, many having been pieced together from fragments of several different notes, unlike this example which is missing a portion of its corner at upper right. Vermont notes were printed on thin, weak paper that quickly disintegrated in circulation as evidenced by the splits mentioned. 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 added-to further by the fact that these retained their validity for tax payments, but the Treasury was denied the right to reissue the bills, and they were burnt when received as taxes. This piece is graded PCGS Apparent Very Fine 35. PCGS mentioned edge damage, splits and repairs in addition to the missing upper right corner. A very rare note. Expect a realization in the area of...
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