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Auction details

 

Autographs-Coins-Currency-Americana
9:00 AM PT - Nov 15th, 2008

 

offered by
Early American

 

P.O. Box 3507

Rancho Santa Fe, CA 92067
Us Auction

 

       

Lot 35 save

Colonial Currency, GA, 1776, $4, Liberty Cap

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Georgia Currency
1776 Georgia Blue Seal Four Dollars PMG Very Fine-20

Georgia. 1776 Light Blue Seal. Four Dollars. "Liberty Cap" vignette. PMG graded Very Fine-20.
Fr. GA-74a. This note is currently one of the four finest in quality as reported on the PMG "Population" report, which shows the finest of this denomination being graded VF-30. It is quite even in circulation with all five signatures and the seal number clear and fully readable. The holder notes repaired, which would correspond to some well sealed small edge splits. This note is well centered and has four full even margins.

The production method in 1776 for any note of two or more colors meant extra work for the printer. Each sheet had to be placed onto the printing press twice, one time to print the red text and a second pass to add the black. Each time a color was printed, the paper sheet had to be hung up to dry for a day and then laid back down, hopefully in the same exact place as proper alignment was critical, to add the second color. Obviously, this was a far more timely procedure that added extra work and cost. That is a major reason we see so few Colonial issues that are multicolor.

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