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    Scarce September 2, 1720 50 Livres "John Law" Note

    La Banque (Royale) September 2, 1720 50 Livres SCWPM# A23 PMG Choice Very Fine 35.
    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 of La Louisiane was expansive and surrounded the Mississippi River as it flowed south from present-day Wisconsin and drained into the Gulf through New Orleans. Importantly, the land surrounding St. Louis, the eventual Missouri Territory and later State of Missouri, were included. Therefore, these are integral to collections of Missouri and Colonial paper currency. Technically French, these notes (and listed in the Standard Catalogue of World Paper Money) were Royal issues created by Scottish-born John Law in order to stimulate investments in the New World territories. The earliest Banque Generale notes (1716-1718), signed by Law himself, are virtually unobtainable. They were replaced by the rarely seen 1719 Banque Royale notes. The Boyd-Raymond holdings contained no 1719-dated notes, only examples with the date of 1720. This final series September 2, 1720, note is printed on white indented paper and has an embossed seal at bottom center. Since the dispersal of the Boyd-Raymond-Ford notes in 2005, these are difficult to obtain, especially in high grades. This is an underrated type and only the second September 2, 1720, 50 Livres we have cataloged. A full note, broadly cut, and with significant indent lettering seen at the left end. The embossed seal is deeply impressed, though partly cut off at the bottom. There is some soft toning at each end. A scarce and historic piece.
    From The Mike Coltrane Collection.

    Estimate: $1,000 - $1,500.

    Auction Info

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    This lot is in: 1 - Heritage Signature® Auctions Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
    (Lots 25001-25282) - 5:00 PM Central Time, Wednesday, November 4, 2020.
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