Lot 4292
Rhode Island. May 1786 40 Shillings Colonial currency. Tiny pinholes in the top corners, otherwise crisp and sharp appearing. In 1786, the year this 40 Shilling note was issued, Rhode Island farmers burned their grain, dumped their milk, and left their apples to rot in the orchards in a farm strike directed against Providence and Newport merchants who refused to accept the paper money that had depreciated to the point of being virtually worthless. The strike had little effect, since 90 percent of Americans raised their own food in their gardens and let their hogs forage in the woods for acorns. PCGS graded Extremely Fine 45.
Estimated Value $80 - 100.
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| Realized $63 |
