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    Description

    Very Rare 1719 "John Law" Note

    La Banque (Royale) April 1, 1719 (Written) 10 Livres SCWPM# A12. PCGS Very Fine 30 Apparent.
    The La Louisiane notes, collected in the American series for generations, are historic artifacts reflecting the intersection of 18th Century European "Bubble" financing schemes and the North American continent. The territory was expansive and surrounded the Mississippi River as it flowed south from present-day Wisconsin and drained into the Gulf through New Orleans. These French notes (and listed in the Standard Catalogue of World Paper Money) were Royal issues and were created by Scottish born John Law in order to stimulate investments in these new territories. The earliest Banque Generale notes (1716-1718), signed by Law himself, are virtually unobtainable. They were replaced by these rarely seen 1719 Banque Royale notes. The Boyd-Raymond holdings contained no 1719-dated notes (only 1720 examples), and Ford waited many years to obtain two denominations from separate French auctions. This note is printed on watermarked paper with an embossed seal and hand signed at the right. The Extremely Fine example in the Stack's January 2005 Ford VIII Sale realized $6,325. Though noted are "Missing L.L. Corner; Repaired Splits; Pinholes" by PCGS, this is very collectible and one of few we have encountered in any grade.
    Ex: Eric P. Newman Numismatic Education Society


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    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Bids + Registered Phone Bidders: 13
    Lot Tracking Activity: N/A
    Page Views: 413

    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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