Why Should You Collect this 1872 $50 South Carolina Note Graded Superb Gem Uncirculated 67 EPQ by PMG?
This incredible bond was created to fund the reconstruction of the famous Blue Ridge Railroad in 1872. E. B. Wesley gave the State of South Carolina $300,000 in order to underwrite the bonds, and they returned him $1,000,000 worth of scrip. Worthless scrip as it turns out, because one year later the State of South Carolina repealed the act, devaluing them entirely!
These bonds have been kept in storage over the past century, but have now reemerged into the hands of collectors and dealers! We had these notes graded by PMG (Paper Money Guaranty), a section of NGC that grades paper currency, and they determined it to be a grade of Superb Gem Uncirculated 67 EPQ! They also gave a it a pedigree of “E. B. Wesley,” due to the importance of this hoard. PMG only adds a pedigree to a hoard if it is special enough to be called out on it. Because of the history of these notes, a pedigree definitely applies!
This note features a stunning, yet familiar image directly in the center of the obverse. It is a highly detailed version of the portrait of George Washington that can be seen on the $1 bill today! It is a much more intricate design, and you can tell it was a skillful hand that created it! 2 vignettes decorate either side of the note, and represent the agricultural wealth of the State. On the right is an image of a man hauling a huge basket of produce through a field, with some other workers gathering in the background. On the right is a detailed action scene of 2 horses straining under the weight of a wagon piled high with cotton bales. Overall, this note is highly detailed, and could easily be examined for hours on end!
You don’t want to skip over this great opportunity! It is not often that an older note like this is available at such a high grade! That, combined with the E. B. Wesley pedigree, make this a wonderful note to collect!
|Year of Issue:||1872|
|Grade:||Superb Gem Unc 67 EPQ|
|Tag:||E. B. Wesley Collection|
ModernCoinMart started out in 2004 as one of the first companies in the online bullion and modern coin market. While our focus was only those coins at the time, we have been growing to expand our selection to include vast amounts of Classic U.S. Coinage, U.S. Notes, and even a large number of ancient coins!