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“VERMONT CALLS FOR JUSTICE” One Shilling & Three Pence Colonial Note February 1781 PMG Choice Fine-15
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State of Vermont, February 1781, One Shilling Three Pence, “VERMONT CALLS FOR JUSTICE” legend surrounding a “Fourteen Chain Links” vignette (representing Vermont as the Fourteenth State), PMG graded Choice Fine-15.
Fr. VT-2. A highly important 1781 Vermont Colonial currency note is an important historic American numismatic rarity. It is attractive for the issue, well printed in rich black and is in superior quality to most on this issue. This note is in remarkable and superior quality for any 1781 Vermont issue and is certainly among, if not the Finest Known of this scarce One Shilling Three Pence denomination. It’s holder notes restoration. As with most all known Vermont Colonial notes, this specimen has some minor expert conservation, having some deft sealed splits and edge restoration repairs. It has four full to wide margins on its reverse side with three fully wide on its face, the bottom being clear of the text yet tighter. The print quality is deep black, fully readable and sharper in detail than most. Serial number 1962 is written in light red. This note has fully readable signatures of “Jno (John) Fasset” and “T(homas) Porter” at bottom.
One of a mere 3,600 notes authorized to be printed. This extremely rare 1781 Vermont currency issue was to be fully redeemed back into the Treasury and all notes returned burnt, by June 1782. Only about 130 notes from this entire 1781 issue are known to exist today, inclusive of all grades, qualities, denominations, and even partial notes. They are just that rare. In our opinion, less than a dozen notes of this denomination are known in all qualities and state of being. Years ago, in 2012, a more common denomination Vermont note, in lesser quality, sold in a major East coast auction for about $28,000. The last example of this low denomination we sold was back in 2014, being the exact note was used by Q. David Bowers as a Plate Note, illustrated in his reference book entitled, “The Expert’s Guide To COLLECTING & INVESTING IN RARE COINS, by Whitman Publishing, 2005. Both the Face and Back of that very note are seen Illustrated on page 512 in the section about “Collecting Colonial and Continental Paper Money. It would be interesting to compare that example with this currently offered note. In the text of his reference, Dave Bowers states, in part:
“Most Vermont bills were redeemed and destroyed. Today, ANY Vermont note is viewed with awe, as such are seldom seen. On the rare occasions that a Vermont bill is found in the marketplace, (more) like(ly) as not it is damaged, incomplete, repaired, in low grade, or a combination of several of these factors.”
This current example would clearly be an important candidate for rare Colonial currency collectors, desiring as fine appearing Vermont note, about as nice as may be encountered. We highly recommend the purchase of Q. David Bowers’ reference book entitled, “The Expert’s Guide To COLLECTING & INVESTING IN RARE COINS, Whitman Publishing, 2005.
There is an entire section outlining “Collecting Colonial and Continental Paper Money,” as well as Colonial Coinage and many other areas of numismatics. Bowers makes the following point on page 512 of his book regarding Vermont currency, where Dave states:
“Most Vermont bills were redeemed and destroyed. Today, ANY Vermont note is viewed with awe, as such are seldom seen. On the rare occasions that a Vermont bill is found in the marketplace, (more) like(ly) as not it is damaged, incomplete, repaired, in low grade, or a combination of several of these factors.”