Early Paper Money of America / Vermont / 1781 February

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20 Items

Last Updated: 2022-05-19

Early Paper Money of America (NNP Edition)|

£25,155 in legal tender Bills of Credit authorized by the Act of April 14, 1781 for carrying on the War and increasing the amount of paper money in circulation. Redeemable by June 1, 1782 on the basis of 1 Spanish milled dollar or its gold equivalent for 6s in bills. By an earlier Act of February 22, 1781 a total issue of only £5,590 was approved with similar provisions but was not acted upon. When the £25,155 issue was printed the date of the earlier Act was included by error. This error was subsequently ratified by the Act of June 27, 1781. Legal tender was revoked as of June 1, 1782 by the Act of February 28, 1782, but the bills retained their validity for tax payments. By the Act of October 27, 1781 the Treasury was denied the right to recirculate the bills and a committee to burn them was appointed.

The engraved seal shows 13 joined links and one loose link exemplifying Vermont's objection to being excluded from being one of the original colonies asserting statehood. The motto VERMONT CALLS FOR JUSTICE emphasized this desire for recognition. On the face of 1s, ls6d, 10s and 40s the motto on the seals is in black. On the face of 1s3d, 5s, 20s and £3 the motto on the seals is in white. The latter denominations have larger seals, which contain a balance to represent JUSTICE in the motto. The engraved border cuts on the face and back surround set type within them. On the lowest five denominations the redemption basis was stated as 6s8d per ounce in silver and the highest three denominations used the equivalent statutory language of Spanish milled Dollars at 6s per dollar. Printed on thin weak paper by Judah P. Spooner and Timothy Green III (son of Timothy Green II, who printed some Connecticut bills). Signers were John Fasset, Peter Olcott, Thomas Porter, and Ebenezer Walbridge.

1s [3,600]
1s3d Fifteen Pence [3,600]

2s6d Half a Crown [3,600]
5s [3,600]
10s [3,600]
20s One Pound [3,600]
40s [3,600]
£3 Ten Dollars [3,600]

Detalles de la colección

Articulos totales: 20
Talla: unknown

Trabajos (20)

1. 20s

Descripción:: Courtesy of David Gladfelter.

2. 20s

Descripción:: Courtesy of David Gladfelter.

3. 20s

Descripción:: 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.

4. 20s

Descripción:: 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.

5. 20s

Descripción:: 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.

6. 20s

Descripción:: 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.

7. 5s

Descripción:: State of Vermont 1781 5 Shillings Fr. VT-4. PCGS Fine 15 Apparent. A very deeply inked Vermont note from what we see. The note is about 80% present, rougher at the left and has antique hinge repairs on the back. The two signatures are very strongly penned. The center back details are bold as well. Noted with "Splits, Tears, and Damage; Hinge Repairs; Pieces Missing." This is overall a slightly better than average Vermont note and a very rare denomination. Ex: Eric P. Newman Numismatic Education Society Realized $2820.00. Newman VII (Heritage Auctions, 10/2015), lot 18215. Description courtesy of Heritage Auctions.

8. 5s

Descripción:: State of Vermont 1781 5 Shillings Fr. VT-4. PCGS Fine 15 Apparent. A very deeply inked Vermont note from what we see. The note is about 80% present, rougher at the left and has antique hinge repairs on the back. The two signatures are very strongly penned. The center back details are bold as well. Noted with "Splits, Tears, and Damage; Hinge Repairs; Pieces Missing." This is overall a slightly better than average Vermont note and a very rare denomination. Ex: Eric P. Newman Numismatic Education Society Realized $2820.00. Newman VII (Heritage Auctions, 10/2015), lot 18215. Description courtesy of Heritage Auctions.

9. 10s

Descripción:: State of Vermont 1781 10 Shillings Fr. VT-5. PCGS Fine 15 Apparent. This is another Vermont note with strong printing, though we note a one inch piece neatly out of the right border. The Fasset and Porter signatures are both strong. Back hinges and a white paper strip reinforce the note from the back. Noted with "Splits, Tears, and Damage; Hinge and Tape Repairs; Pieces Missing." This is better than the norm. The offering of four Vermont notes is an unusual occurrence and great opportunity for collectors desiring these rarer denominations. Ex: Eric P. Newman Numismatic Education Society Realized $2937.50. Newman VII (Heritage Auctions, 10/2015), lot 18216. Description courtesy of Heritage Auctions.

10. 10s

Descripción:: State of Vermont 1781 10 Shillings Fr. VT-5. PCGS Fine 15 Apparent. This is another Vermont note with strong printing, though we note a one inch piece neatly out of the right border. The Fasset and Porter signatures are both strong. Back hinges and a white paper strip reinforce the note from the back. Noted with "Splits, Tears, and Damage; Hinge and Tape Repairs; Pieces Missing." This is better than the norm. The offering of four Vermont notes is an unusual occurrence and great opportunity for collectors desiring these rarer denominations. Ex: Eric P. Newman Numismatic Education Society Realized $2937.50. Newman VII (Heritage Auctions, 10/2015), lot 18216. Description courtesy of Heritage Auctions.