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    Description

    Charleston, SC- Bank of the State of South Carolina $5 18__ as G50a as Sheheen 573 Proof PMG Choice Uncirculated 63.
    The bank was chartered in 1812 and continued in business until 1865, when it was ruled to be a wholly state-owned institution that must pay off its obligations rather than enter bankruptcy which was the normal course of action for most southern banks after the war. This popular and attractive green and black proof has a Revolutionary War theme, with portraits of Generals Sumter and Moultrie as well as a vignette of General Marion's Sweet Potato Dinner. The note is printed on India paper mounted on cardstock with the usual small POCs in the signature lines. While quite common as a issued design, thanks to large sales of notes once held by the state archives, the same cannot be said for proofs. Very rare with perhaps only three or four surviving examples; this design was not represented in the ABNCo Archives holdings.


    Auction Info

    Auction Dates
    March, 2020
    1st Sunday
    Internet/Mail Bids: 12
    Lot Tracking Activity: N/A
    Page Views: 111

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