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    Description

    Likely Unique Benjamin Franklin-Printed 1746 6 Pounds Note

    New Jersey July 2, 1746 6 Pounds NJ-64. PCGS Very Good 10 Apparent.
    This is the earliest confirmed 6 pounds note from New Jersey, important as such, and the most significant New Jersey note from the Eric P. Newman Collection. It is the only reported example and unique to our knowledge. Only 400 notes of this denomination were authorized. The enactment of June 28, 1746, specified these notes as "Money of America." It authorized nine denominations from 1 shilling to 6 pounds, with not all of these reported as extant. This series used the sizes and styles for New Jersey Colonial notes for the next few decades, was printed by Benjamin Franklin with his "Printed by B. Franklin" imprint on the backs. The face displays the Royal Arms (in black) and obligation (in red), and the back shows a nature print of a sage leaf. Notes from the series are seldom seen and rarely offered at auction. The 1993 Smythe & Co. DuPont sale sold a 3 pounds note from the issue (lot 2091: described as "split in half, G-VG") for $1,540. The 15 shillings from the Boyd Collection, raw graded "Good," realized $4,312 at the Ford Part III sale in May 2004. Significantly, a 30 shillings note from this series realized $19,550 in the Smythe 2007 Memphis Sale #272 (lot 2188: PMG Very Good 8, but with "Fine-VF detail."). That example is the current fifth edition Newman plate note illustrated on page 251. The Newman Collection was blessed with three denominations from this key series. The 12 shillings graded PCGS About Good 3 Apparent realized $940 in the May 4, 2016, Newman Part 1 Internet sale. The 15 shillings graded PCGS Good 4 Apparent realized $1,292.50 in the January 11, 2017, Newman Part 3 Internet sale. This third and final example is much rarer and superior in grade. Despite the noted "Splits, Tears, and Minor Damage; Tape Repair on Back," the grade should be considered strong for such an early note which would have circulated heavily. The note is rounded inward all around the perimeter, affecting the bordering lines. Compensating are the delightful red text printing at the top and in the upper right quadrant, the image of a bird at far left, the detailed coat of arms, and the still-visible signatures. The back is a bit dusty with scotch tape residue seen. The "Printed by B. Franklin" imprint is visible at the right. From a rare and historically significant series, printed by Franklin, and possibly unique. A New Jersey currency treasure.
    Ex: Eric P. Newman Numismatic Education Society


    Auction Info

    Auction Dates
    January, 2019
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 15
    Lot Tracking Activity: N/A
    Page Views: 331

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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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