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$5


Image Information

Type Currency
Title $5
Date June 1, 1780
Country United States
Grade Choice About New 58
Service PCGS
Denomination $5
Description

State of Pennsylvania June 1, 1780 $5 Fr. PA-237. PCGS Choice About New 58. Pennsylvania and New York are the rarest states from which to obtain a Guaranteed by the United States note, and this is a very rare note. It is believed to be Rarity 7 (4-12 known). The series, federally backed, created notes to redeem Continental currency and to serve other purposes. This is fully signed on the face by Robert Cather and Daniel Wister; countersigned on the back by Richard Bache (Benjamin Franklin's son-in-law). This is a superb note and among the finest we have seen. The margins are clear on both sides and perfectly centered (and registered) to one another. This boldly printed note has sharp back color. The Boyd note was slightly finer, but not by much. Another exceptional example in this stellar Colonial note selection endowed with many of the rarest types in choice condition. Ex: Eric P. Newman Numismatic Education Society

From Newman VIII (Heritage Auctions, 11/2017), lot 28126, realized $3600. Image and description courtesy of Heritage Auctions, https://ha.com.

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