Why buy an 1872 $20 South Carolina State Bond Note graded by PMG as Gem Unc 66?
This note is one of a hoard of notes that represent a loan never repaid by the State of South Carolina to businessman and co-founder of the New York Times, E. B. Wesley. The notes were given to him by the state when he loaned them money for the expansion of a rail line to the Northwest from Columbia during the reconstruction after the Civil War. The state never repaid the loan, so these notes stayed in his family – until recently.
These notes are of superb quality, as they were stored – nearly untouched – for over 100 years. They tell of a time when money was hard to come by in the South, and states were unable to repay loans due to hardship. The beautiful art work on the notes is also a sign of a time past, as these beautiful pieces of scrip are so well preserved! So often notes such as these were not stored properly, and the thin paper on which they were printed decomposed and became very brittle – but this is not the case with this rare lot! It is graded Gem Unc 66 EPQ by PMG.
You can own this piece of American and South Carolina history now, and remember that it comes with free domestic shipping from Modern Coin Mart!
|Year of Issue:||1872|
|Grade:||Gem Unc 66 EPQ|
|Tag:||E. B. Wesley Collection|