Watch List notes:

North Carolina, $25, May 15, 1779, serial 1108, PCGS XF 45. NC-186b. Popular type with "American Fortitude Displayed" motto and denominated to 25 "Spanish milled DOLLARS." PCGS notes stains, small edge tears and minor damage but the text and vignettes remain quite bold. PCGS #80817145.

Estimate: $125-200