Scarce Note! This New York Colonial $5 Note was payable in Spanish Milled Dollars.
- From a group of notes authorized by the New York legislature.
- Five Spanish Milled Dollars is the denomination.
- Housed in an inert Mylar currency holder by PMG and graded Very Fine-25 condition.
- Face: Depicts the seal of City of New York on the right side.
- Back: Candelabrum of 13 candles with the motto: “One fire, and to the same purpose” in Latin.
- Printed by John Holt.
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This note will make a nice addition to any Colonial currency collection. Colonial issues preceded the Continental Notes by many decades, and some are quite rare. These notes are in demand among collectors and rising in value due to the limited numbers printed. Interestingly, you can see pieces of mica and blue threads mixed into the paper to deter counterfeiting.