Very Rare Newman Plated $25 Federal IndentUnited States Congress Federal Indent September 27, 1785 $25 Fr. UNL Anderson-Smythe 172. PCGS Very Fine 30 Apparent.
A very rare and important $25 Federal Indent note issued by a "Requisition of Congress" and to be received for "Taxes." This is the highest denomination from the first series of Federal Indents. This is the Newman plate note illustrated on page 75 of the 5th edition. Printed on thin paper with border designs at top and bottom. The indented left end shows the partially remaining textual denomination. Signed boldly by Hardy. This is a high Rarity-7 (4-6 known) in Anderson-Smythe and is the first of this highest denomination we have encountered. A very solid example with full margins, broad at the right and bottom. The ornate indented printing has an elegant, wavy cut. The noted "Small Edge Splits" are in the widest margins, and they are trivial. The eye-appeal is exemplary, and this Newman plate note denominational rarity represents the important series mightily.
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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