Exceedingly Rare May 10, 1775 $30 Pink DetectorContinental Currency May 10, 1775 $30 Pink Counterfeit Detector Fr. CC-10DT. PCGS Extremely Fine 45.
This is an exceedingly rare and important May 10, 1775 $30 pink paper counterfeit detector note. It is among the rarest of all Colonial detector notes including the May 10, 1775 $20 blue detector notes. These pink paper detector notes are a bit of a mystery because their great rarity has yielded few examples to study. This example is plated in color in the front highlight pages of the Newman 5th edition. The May 10, 1775 Session notes are the first Continental currency issue. There were ten denominations authorized. The $20 marbled paper notes were printed separately due their different size, unique style and distinctive paper. The $30 notes from the session also have a unique character, with an unusual back featuring the two Benjamin Franklin motif emblems that were also used on the $20. Eight other denominations, $1 to $8, were printed on eight-subject panes. The $30 notes were not printed individually or on their own separate sheet as one might surmise, but on an eight-subject pane in the $1 to $8 set, substituting for one of the denominations. This fact is confirmed by the Boyd Collection regular issue pane sold in Ford Part VI, October 2004, lot 503. The $30 note is in the position that would have been occupied by the $3 note on that example (as seen on lot 504 in Ford Part VI). The pink detector notes would have been printed in a similar manner, with the $30 substituting for one denomination. There is also a $1 pink detector note in the Newman Collection. This $30 detector provides further evidence about the various substitutions of the denomination that might occur within an eight-note pane. Note the extremely wide, full selvedge at the top and right. This example was printed on a pane substituting for the $8 note at the upper right, a departure from the position observed on the Boyd regular issue note pane. At the bottom and left of this note are portions of the adjacent notes, which prove the notes were not printed individually. Other pink detector denominations, besides the $30 and $1 notes cited have not been observed by us, but the existence of the $1 pink detector indicates it is possible that other denominations may be discovered in the future. This is an attractive example with bold printing. The back bottom margin is a bit off-center, similar to the Boyd Collection example (originally from the Ford Part VIII sale, January 2005, lot 1703). That Boyd note was cataloged and sold by us in the January 2016 FUN sale for $3,525 (graded PCGS Choice About New 58). This is an important opportunity to obtain one of the great Continental currency rarities with an impeccable pedigree.
Ex: Eric P. Newman Numismatic Education Society.
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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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