||State of Vermont 1781 1 Shilling Fr. VT-1. PCGS Fine 15 Apparent. The State of Vermont, February 1781 notes are essential members of any well-rounded and significant Colonial currency cabinet. The frail paper, brief period of issue and the fact that only eight denominations were emitted contribute to their rarity. Because many collectors desire one for a general typeset, or to add in with their "Thirteen Colonies" sets, the existing 150 or so known of all denominations tends to be rather spread out. Only the major collections have a few or more denominations. Even F.C.C. Boyd did not have a complete eight denomination set. The series was printed by Judah Spooner and Timothy Green III on very thin, fragile paper that cracked quickly and disintegrated over time. The notes were used for a year and then their legal tender status was revoked; but they were still used for paying taxes and destroyed at the time of payment. The face shows fancy side borders and top border cut. At the lower left is a seal with the motto VERMONT CALLS FOR JUSTICE. The back shows a pattern rectangle forming a cartouche with the imprint and counterfeit warning inside. This example is 80% present and exhibits major portions of the key details discussed. Noted with "Splits, Tears, and Repairs; Pieces Missing; Hinge Repairs and Partially Backed." This example compares favorably with many inferior notes that have sold for $5,000 or more in the past. Ex: Eric P. Newman Numismatic Education Society
Realized $3055.00. Newman VII (Heritage Auctions, 10/2015), lot 18213. Description courtesy of Heritage Auctions.