||North Carolina August 8, 1778 $25 Sic Transit... Contemporary Counterfeit Fr. NC-179. PCGS Very Fine 35. This is a rare contemporary counterfeit type and clearly differs from the genuine example cataloged in this Newman Internet 3 sale. In the fifth edition appendix, Eric P. Newman notes this counterfeit as "crude," which it is. The "n" in "Carolina" at the top is plainly reversed. Printed on thin paper. This is a fascinating contemporary counterfeit and essential to the study of North Carolina paper money of the period. This is the first counterfeit from the series we have observed and cataloged. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2017).
(Description courtesy of Heritage Auctions, ha.com.) Realized $446.50.