LOT Old Heritage Auctions  /  2008 Jan. FUN Signature Currency Auction #456  / 

12230

Vermont February 1781 2s/6d PCGS Apparent Very

Currency:USD Category:Coins & Paper Money Start Price:11,500.00 USD Estimated At:12,000.00 - 18,000.00 USD
Vermont February 1781 2s/6d PCGS Apparent Very
<B>Vermont February 1781 2s/6d PCGS Apparent Very Fine 30.</B></I> This Vermont note has four wide margins, a characteristic that is seldom seen on notes from this state. 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 pieces have been pieced together from several different notes, often of different denominations. Vermonts are unpriced in Newman above VG. 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 burnt when received for tax payments. This example has had a few nicely done "repaired splits." A great note for the serious Colonial collector.<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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