Description

    Vermont February 1781 5s PCGS Apparent Fine 15.
    We have never handled any other examples of this Vermont denomination at Heritage over the course of the last decade. PCGS has assigned the apparent grade as this is a partial note with splits and hinges on the back. About 40% of the note is present. 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. Priced in Newman at $10,000 in Good. Vermont notes were printed on thin, weak paper that quickly disintegrated in circulation. Their scarcity is due to the fact that only a single issue was printed, 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 burned when received as taxes. The least valuable of all the Vermont notes we have sold went for $5,550 so we figure the present example should realize...........


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    Auction Dates
    January, 2011
    5th-10th Wednesday-Monday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
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