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    Very Rare 1719 "John Law" Note

    La Banque (Royale) April 1, 1719 (Written) 10 Livres SCWPM# A12. PCGS Very Fine 30 Apparent.
    From our October 2015 Newman auction where it was described, "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." At that sale it realized $3,760.

    Auction Info

    Auction Dates
    January, 2018
    3rd-9th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 178

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