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Image Information

Type Currency
Title 20s
Date February 1781
Country U.S.
Grade Extremely Fine 40
Service PCGS
Denomination 20s
Description State of Vermont February 1781 20 Shillings Fr. VT-6. PCGS Extremely Fine 40 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 The notes were used for a year and then their legal tender status was revoked; but they were still used for paying taxes and destroyed at the time of payment.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 around a cartouche with the imprint and counterfeit warning inside. Issued and signed by Thomas Porter and John Fasset. The 20 Shillings is a scarcer denomination from the series. This example is well above average. Like most certified Vermont notes, the Apparent citations are many, and include "Splits, Tears, and Minor Edge Damage; Hinge Repairs; Hinge Remnants on Back." The paper body is excellent and the note has a vibrant eye appeal not often seen on these notes. It is quite well margined on all sides, broadest at the top. Some antique hinge and paper strip repairs seen from the back protect the integrity of the paper in the split or nicked areas. The appearance is outstanding. Comparable examples, not quite as pleasing overall, have sold in the $12,000 to $16,000 range in the past few years. Very few Vermont notes will sell for less than $7,500 unless they have rough, tattered edges. This note will fit nicely in any collection. A rare and sharp looking note with the Eric P. Newman pedigree. Ex: Eric P. Newman Numismatic Education Society. Realized $9,400.00. Newman VI (Heritage Auctions, 4/2015), lot 19558. Description courtesy of Heritage Auctions.
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