Description

    Handsome and Well Signed One Shilling Vermont Colonial

    Vermont February 1781 1s PCGS Apparent Very Fine 30.
    Vermont notes were printed on thin, weak paper that disintegrated rapidly, and fragments of notes are far more common than whole examples. The notes were issued to help fund the war. The scarcity of the notes is due to the fact that only a single issue was emitted and only 3600 notes of each denomination were printed. Also, 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 further 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. PMG has not graded a Vermont over 25 for any denomination. PCGS has graded 32 Vermonts, with the only two that were not graded Apparent a 30 and a 35. Our most recent comparable notes to this piece were a 2s6d PCGS 30 Apparent for $14,100 in 2014 and a 5s PCGS 30 Apparent for $12,925 in 2013. The Apparent grade was assigned to this piece for "Repairs". They consist of three minor edge repairs and strengthening of the center fold. The note is well signed with a terrific overall appearance.


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    Auction Info

    Auction Dates
    September, 2015
    16th-22nd Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 450

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