Description

    Continental Congress - United States Lottery Resolution of November 18, 1776 Class the First Ticket. PCGS About New 50 Apparent.
    The Continental Congress authorized United States Lottery tickets are perfect to collect along with the currency notes. The lottery was deemed a way of raising funds that would be less objectionable than further taxes. The lottery was poorly received since the payout ratio was low compared to other lotteries commonplace at the time; thus the public ceased to subscribe. There are several classes, plate letters and signature varieties to collect. Currency signers often signed tickets as well. No definitive listing of Colonial era lottery tickets has been made, but the James DuPont Collection auction (R. M Smythe Co., Sale #115/116, March 1993) and the Paul Richards 1988 fixed price list are resources used by collectors. The common style for the laid paper tickets was an indented printing at the left with a fancy monogram and typeset text. The Plate U. ticket is signed by J. Barge, numbered and countersigned on the back edge as issued. There are "Small Edge Tears" noted, but this is a bright example and underrated compared to many Colonial notes.
    Ex: Eric P. Newman Numismatic Education Society.


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    Auction Dates
    May, 2016
    4th Wednesday
    Internet/Mail Bids: 7
    Lot Tracking Activity: N/A
    Page Views: 289

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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