Rare & Attractive Vermont 20 ShillingsVermont February 1781 20s PCGS Apparent Very Fine 25.
Only the second 20 shilling note we have offered and a piece with superior eye appeal to the first example that we sold over seven years ago. 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. The notes were printed by Judah P. Spooner and Timothy Green III 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 for taxes. On this note all of the printing and the signatures remain bold, and the note, unlike virtually all of its contemporaries, has had no paper added. This is a much rarer denomination and an extremely respectable example. The apparent grade was assigned due to the fact the note was severed and reattached, along with the edge splits and tape repairs. None of those factors hamper the eye appeal in any significant way. This example is numbered 2236 of the 3600 pieces that were issued. The signers were Thomas Porter and John Fasset. According to the PMG Population Report, they have not graded any examples. PCGS has not yet published a Colonial census, however Track & Price's new Colonial module lists a mere three examples, two of them graded by PCGS and one ungraded. The Newman reference lists values for this denomination at $25,000 in Fine and $37,500 in Very Fine, with no higher grade listed. Every advanced Colonial collection needs a Vermont note and this specimen is certainly rare, attractive and desirable.
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