Description

    Choice and Rarest 2 Shillings Denomination 1734 Portsmouth Merchant's Note

    Province of New Hampshire December 25, 1734 Portsmouth Merchants's Note 2 Shillings Fr. NH-38.2. PCGS Choice About New 58PPQ.
    This is a uniquely styled "Tall Bill," and an interesting issue, not unlike the Massachusetts banking "schemes" notes from 1740. These notes were issued by the group of merchants led by Hunking Wentworth, in Portsmouth, during the period the Crown prohibited the Colony from emitting further bills of credit. Due to scarcity of other bills of credit and specie in circulation, they issued these "Tall" bills to facilitate commerce (hence the motto BENEFICIO COMMERCI on the face). They produced a negative reaction and, early in 1735, a large group of Boston merchants agreed not to redeem these notes. These bills were 1% interest bearing, payable in 1746. They were printed on laid paper from well-engraved copper plates. In the center are the detailed obligations. Scrollwork and sculptural corners are at the top. At lower left is the Pine Tree emblem with the motto BENEFICIO COMMERCI. The note was also printed on the back with a distinctively designed ship at sail, heading westward, and ornate scrollwork above. The face has three signatures and is countersigned by Hunking Wentworth on the back, just under the vignette. This is the rarest denomination in the series and merits a premium evaluation. We wish to note that the authorized five shillings note is unreported and is considered to have not been printed. This is a very handsome example, essentially as made, with minimal handling. This choice note has been ensconced in the Newman cabinet for multiple decades and is worthy of the finest collection due to rarity, condition and pedigree.
    Ex: Eric P. Newman Numismatic Education Society




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    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
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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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