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Vermont February 1781 2s 6d PCGS Apparent Very Fine 30.. ...
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Sold on Apr 21, 2021 for:
$7,500.00
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Description
One of the Finest Known Vermont Notes
Vermont February 1781 2s 6d PCGS Apparent Very Fine 30.Heritage has sold only three graded examples of this Vermont denomination. Both of the other two were graded 12. This note is fully Very Fine by anyone's standards. The Apparent grade was assigned for repaired splits. There are about a half-dozen of them, but all are simple edge splits with no paper loss, rebuilding or redrawing of any kind. Both of the signatures are unusually strong, and the snide Vermont seal shows the thirteen linked Colonies with an unlinked circle at the top representing Vermont's lack of inclusion as an original Colony. Overall, this is one of the very nicest Vermont notes that we have seen in all respects. This Vermont note has four wide margins, a characteristic that is seldom seen on notes from this Colony. The back design is also nicely centered. All Vermont notes are very rare and most known examples are in extremely low grade. The majority of the known examples have been pieced together from several different notes, often of different denominations. They were printed 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 1781, had its legal tender status revoked after a little more than a year in circulation. Their scarcity also was increased by the fact that these notes retained their validity for tax payments, but the Vermont Treasury was denied the right to reissue the notes, and they were burned when received for tax payments. This strongly embossed example has had a few nicely performed split repairs. When we last sold this note in our September 2014 Long Beach sale, it realized $10,350.
From the Tabacco Family Collection
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Auction Info
2021 April 21 - 23 Central States Currency Signature Auction - Dallas #3582 (go to Auction Home page)
Auction Dates
April, 2021
21st-23rd
Wednesday-Friday
Bids + Registered Phone Bidders: 1
Lot Tracking Activity: N/A
Page Views: 224
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20% of the successful bid per lot.
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