North Carolina April 2, 1776 $1/8 Snake Biting Sword in Scabbard Fr. NC-154g PCGS Extremely Fine 40 Apparent. The April 2, 1776 \"at Halifax\" issue contains among the most interesting of the Colonial notes. There are 56 distinct vignette types (seen at the lower left of each note), ranging from $1/16 to $20 denominations, and all of them merit consideration and further study. Depending upon what was available at the time of printing, certain types appear on different kinds and thicknesses of paper. Completion of all 56 types is a great challenge, but Eric P. Newman is one of the few to have achieved this meritorious set. High-grade notes of many vignette types are unknown to us; the fragile paper often used and tight margining subjected many to the small nicks and flaws we see today. The lowest denominations, such as the $1/16, $1/8, and $1/4, are the hardest to obtain in any grade. The vignette has interesting imagery with the snake biting a scabbard holding a sword within it. This $1/8 \"Snake\" is breathtaking with only a noted \"Small Edge Split at Top Center.\" Otherwise, the bold printing, excellent margins, and originality make this easily one of the finest extant. Superior to the Boyd note sold in Ford Part XV. Choice and rare types from this popular series have been in strong demand the past few years. This might be the finest known. Ex: Eric P. Newman Numismatic Education Society\n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28103, realized $3600. Image and description courtesy of Heritage Auctions, https://ha.com.
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