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    Rare and Colorful May 10, 1781 "Red Money" Note

    State of Maryland May 10, 1781 1 Shilling Fr. MD-127. PCGS About New 50 Apparent.
    This is a very distinctive series of notes printed by Frederick Green with red face border cuts and deep red Maryland Arms on the back. The notes were payable in specie per the obligation at a rate of 7 Shillings 6 Pence per dollar. The colors and overall style make this series popular with collectors. As the lowest denomination, a greater rarity in the series and worthy of a premium evaluation. The only superior example we have encountered is the Boyd note auctioned in the May 2005 Ford X sale, graded Choice About Uncirculated, for $6,325. This is a bold example; the arms on the back are quite vibrant. The margins for the type are usually slightly inward and wavy as seen here. The Apparent designation is for only: "Small Edge Nick at Left; Edge Tear at Top Right" Trivial considerations since, with strong colors and excellent printing, this is an excellent candidate for any top-flight collection.
    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: 14
    Lot Tracking Activity: N/A
    Page Views: 281

    Buyer's Premium per Lot:
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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.
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