|Date||April 10, 1774|
South Carolina 1775 Promissory Notes of Citizens 50 Pounds "April 29, 1775" Fr. SC-97.2. PCGS Very Fine 25 Apparent. This was an important series of 20-and 50-pound notes with the purpose of raising funds for Revolutionary War expenditures prior to the organization of the Provincial Congress. Most were apparently redeemed for later notes and were payable "on Demand," clearly acting as currency. Henry Middleton, second president of the Continental Congress, signed this series of hand-dated notes. The Middletons were another eminent South Carolinian family. Henry's farther Arthur (Declaration of Independence signer) was an early opponent to proprietary rule and fought in the Native American conflicts known as the Yamassee War. A large format note printed on two sides on laid paper. Fancy flourishes grace the indented left end, and the obligation is across. The intricate design on the perpendicular back displays an Irish harp, a fleur de lis, Tudor roses, Scottish thistles, crowns, plumes, and flourishes. Signed by Henry Middleton, Thomas Lynch, Miles Brewton, Benjamin Huger at the left, and with the large signature of Roger Smith at right in red. Noted with "Ink Erosion; Edge Splits, Tears, and Minor Damage." There is a small chip off the top in the center; otherwise, this is one of the finest known. The printing clarity is bold and the note is full size. Superior to the heavily pen-cancelled Boyd collection note (Ford Part III: Lot 814) that realized $1,725 in May 2004. This is the only uncancelled example we have observed and it has tremendous eye appeal. Ex: Eric P. Newman Numismatic Education Society
From Newman VIII (Heritage Auctions, 11/2017), lot 28143, realized $4320. Image and description courtesy of Heritage Auctions, https://ha.com.
|Image Collection||Early Paper Money of America / South Carolina / 1775 April-May Promissory Notes of Citizens|