Very Sharply Engraved $8 Allegorical Series Note

    Maryland July 26, 1775 $8 Allegorical Series Fr. MD-77. PCGS Very Fine 25 Apparent.
    This very iconic Colonial currency type is difficult to obtain in such an attractive grade. Its unique character is due to the politically charged vignette on the face. Eight denominations were issued from the series, and few collectors have achieved a complete set. Eric Newman obtained seven of the eight, missing only the highest denomination $16 note, which is extremely rare. This denomination is thought to be Rarity 8 (1-3 known). It is a sharply printed example and bold on both sides. Although slightly "short" on the right side, the clarity of the vignettes compensates for that mightily. The common face design for the issue, adapted from a woodcut by Thomas Sparrow, shows standing Britannia receiving the petition (CONG PETI) of the Continental Congress from America, who tramples the named scroll of SLAVERY. George III is shown stomping on the M.[AGNA] CHARTA as he holds out the torch to burn an American port being attacked by the British fleet. At each end are mottoes: AN APPEAL TO HEAVEN and PRO ARIS ET FOCIS (For altars and the hearth). The back allegory represents a future peace between America and Britannia; the motto on the scroll below is PAX TRIUMPHIS POTIOR (Peace is preferable to victory). In the corners, deftly placed in the borders, are clockwise from the upper left, the signature of T.SPARROW, LIBERTY, 1775 and F.G. (for printer Frederick Green). There is no other Colonial type that compares to this special series emitted shortly after the Battle of Lexington and official war declarations. There are no notes known from the series in their natural, "Uncirculated" state. The series circulated heavily and the majority of these rare notes known today are damaged in some manner and usually repaired. This boldly printed example is a handsome type note and easily one of the finest encountered. Illustrated on page 46 of the color plates in the fifth edition of Newman's reference, The Early Paper Money of America. Noted only with "Edge Splits and Tears" by PCGS. Well above the norm and the final, highest-grade Allegorical note from the Newman Collection.
    Ex: Eric P. Newman Numismatic Education Society

    Estimate: $3,500 - $7,000.

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    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.