- More
Massachusetts Isaac Winslow Merchant or Order, Boston Silver Bank August 1, 1740 5 Shillings (5 dwt.) Contemporary Counterfeit...
Click the image to load the highest resolution version.Description
Massachusetts Isaac Winslow Merchant or Order, Boston Silver Bank August 1, 1740 5 Shillings (5 dwt.) Contemporary Counterfeit Fr. MA-87.2. PCGS Good 4 Apparent.The Silver Bank bills were one of three different "schemes" to take advantage of a void in commerce caused by a lack of new Massachusetts Bills of Credit. The investors saw potential for profit and were not necessarily civic minded. The Silver Bank had 107 members, with Isaac Winslow leading the group. His name was engraved in the obligation of the notes and he countersigned the verso of genuine emitted notes. Bills of Credit issued by the colonies were a fact of Colonial life by 1740, as was the financial uncertainty that went along with all paper money. Notes were counterfeited, raised and altered, all in a manner to defraud the public. The Crown looked upon this independent activity of emitting paper money as treasonous and saw Colonial independent aspirations in a different light than had been the case earlier in the century. There were also rival schemes, especially the (Land) Bank Bills that vied for official recognition. The Silver Bank, due to its specie nature, paid off most of its obligations when the Crown enforced the "Bubble Act" on this private Colonial activity. This was in contrast to the Land Bank, whose liberal activities lingered on for many years past their dissolution, and impacted their investors negatively. The schemes helped usher in the 25-year hiatus from note issuing (1750 to 1775). The counterfeit plate for this type is rather crude, and a knowledgeable eye would pick it out. Of what remains, this is part of the bottom of a bill. The detailed obligation is in the center cartouche. At the lower left, most of the charming folk image of a small skiff remains, while almost all of the motto FIAT JUSTITIA (Let there be Justice) below is missing. The top would have had the engraved sculptural details. Noted as "Missing Top Half of Note; Splits, Damage, and Pieces Missing and Separated; Mounted," which is on an oversize piece of paper with a collector penciled notation.
Auction Info
Buyer's Premium per Lot:
17.5% of the successful bid (minimum $19) per lot.
Calculate Standard Domestic Shipping Sales Tax information
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | Currency Grading Tutorial
Floor auctions
Open for bidding: (View All)Currency
Ends on 04/21/2021
Fine Art
Ends on 04/21/2021
US Coins
Ends on 04/22/2021
Fine Art
Ends on 04/22/2021
US Coins
Ends on 04/22/2021
World & Ancient Coins
Ends on 04/25/2021
Decorative Art
Ends on 04/27/2021
Decorative Art
Ends on 04/29/2021
Currency
Ends on 04/30/2021
Illustration Art
Ends on 04/30/2021
Entertainment
Ends on 05/01/2021
Luxury Accessories
Ends on 05/02/2021
Jewelry & Timepieces
Ends on 05/03/2021
Fine Art
Ends on 05/05/2021
World & Ancient Coins
Ends on 05/06/2021
Sports Collectibles
Ends on 05/06/2021
Fine Art
Ends on 05/07/2021
US Coins
Ends on 05/08/2021
Fine Art
Ends on 05/13/2021
US Coins
Ends on 05/15/2021
World & Ancient Coins
Ends on 05/16/2021
Currency
Ends on 05/16/2021
Photography
Opens about 04/21/2021
Decorative Art
Opens about 04/23/2021
Historical
Opens about 04/26/2021
Manuscripts
Opens about 04/30/2021
Fine Art
Opens about 04/28/2021
Silver
Opens about 04/29/2021
Comics & Comic Art
Opens about 04/22/2021
Space
Opens about 05/03/2021
Western & Texas Art
Opens about 04/30/2021
Historical
Opens about 05/03/2021
US Coins
Opens about 04/22/2021
Currency
Opens about 04/23/2021
Decorative Art
Opens about 05/04/2021
Fine Art
Opens about 05/05/2021
US Coins
Opens about 04/29/2021
US Coins
Opens about 04/29/2021
Jewelry & Timepieces
Opens about 05/03/2021
Fine Art
Opens about 05/12/2021
Fine Art
Opens about 05/14/2021
Jewelry & Timepieces
Opens about 05/21/2021
Entertainment
Opens about 05/17/2021
Arms & Armor
Opens about 05/18/2021
US Coins
Opens about 05/08/2021
Rare Books
Opens about 05/21/2021
Fine Art
Opens about 05/19/2021
Photography
Opens about 05/19/2021
Decorative Art
Opens about 05/20/2021
US Coins
Opens about 05/15/2021
Fine Art
Opens about 05/26/2021
Comics & Comic Art
Opens about 05/28/2021
Nature & Science
Opens about 05/27/2021
Decorative Art
Opens about 05/28/2021
Western & Texas Art
Opens about 05/28/2021
Historical
Opens about 06/01/2021
Heritage membership
- Past Auction Values (prices, photos, full descriptions, etc.)
- Bid online
- Free Collector newsletter
- Want List with instant e-mail notifications
- Reduced auction commissions when you resell your
winnings
- Cash Advances
- More Bidders
- Trusted Experts
- Over 200,000 Satisfied Consignors Since 1976
Learn about consigning with us
I think heritage is the best auction house and has the best service - that’s why I use you.View More Testimonials
HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)