Choice New 63 "First United States" $5 NoteContinental Currency May 20, 1777 $5 Fr. CC-66. PCGS Choice New 63.
The First United States issue, named for the placement of "The United States" into the top border cut, has traditionally been considered the second hardest resolution to find. In high grades like this example, it is especially true. The denominations printed were the same as the prior three, but the $30 back was replaced with a nature print. The emblem at the left shows a hand bleeding from thorn pricks; the motto is SUSTINE VEL ABSTINE (Either survive or give up). On page 78 of the fifth edition, Newman describes the emblem as: "A hand gathering food is bleeding due to pricks from thorns." Franklin's writes in his Account that the emblem is, "a thorny bush [America], which a hand [Britain] seems attempting to eradicate." Why their explanations differ is unknown and merits further study. This is a premium-quality note with wide, even margins and perfect face-to-back registration. Sharply printed and well detailed on both sides. From the face, this has a "PPQ" fresh and original appearance. Similar to the May 20, 1777, $3 PCGS Choice New 63 note we sold in Newman Part VI in April 2015 for $3,055. Difficult to acquire in this excellent state of preservation.
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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