State of Vermont February 1781 2 Shillings 6 Pence Fr. VT-3. PCGS Extremely Fine 40 Apparent. The State of Vermont February 1781 notes are essential components of any well-rounded and significant Colonial currency cabinet. This 2 shillings 6 pence is a pleasing representative from the rare issue and would fit perfectly within a top-caliber Thirteen Colony set. Illustrated on the color plates of the fifth edition of The Early Paper Money of America on page 48. All Vermont notes are rare due to their frail paper, brief period of issue, and the emission of only eight denominations. Because of the demand for type sets, or the need to represent Vermont, 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 full eight-denomination set. Eric P. Newman was able to complete the set, an achievement accomplished by very few. 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 The notes were used for a year, then their legal tender status was revoked; but they were still used for paying taxes and destroyed at the time of payment.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 scrollwork side borders and a top border cut with VERMONT CURRENCY in white. At the lower left is a seal with the motto VERMONT CALLS FOR JUSTICE. The back shows a patterned rectangular frame around a cartouche with the imprint and counterfeit warning inside. Issued and signed by Thomas Porter and John Fasset. The 2 shillings 6 pence is the most encountered denomination of the eight, but this is a broad note with wide margins on three sides. Like most certified Vermont notes, the Apparent citations are several, and include \"Splits and Tape Repairs; Minor Edge Damage.\" Very deeply printed on both sides. There are only a few light hinge repairs seen on the back. Comparable examples, not quite as pleasing overall, have sold in the $12,000 to $16,000 range in the past several years. This note will fit nicely in any collection, representing the rare and historic series. The last Vermont note with the Eric P. Newman pedigree available, and a beautiful example. Ex: Eric P. Newman Numismatic Education Society\n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28155, realized $21600. Image and description courtesy of Heritage Auctions, https://ha.com.
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