Description

    Possibly Unique James Craft 4 Pence-Newman Plate Note

    Burlington, NJ - James Craft 4 Pence August 6, 1776 Newman page 262, Wait 247. PCGS Fine 15 Apparent.
    The private and municipal change notes comprise an interesting and less studied area of Colonial currency. They form a fascinating genre of "paper coins," and are eminently collectible with Colonial coins listed in the "Red Book." Like several of these notes in the Newman Collection, this is an exceedingly rare and possibly unique Revolutionary War period private scrip note. James Craft issued two series, and the Newman Collection had representatives of both. This is the Newman plate note, illustrated on page 262 of the 5th edition. The issuer was not in the James DuPont Collection; that definitive collection of Colonial era private issuer notes was auctioned by R.M. Smythe & Co. in two sales in 1993. Uniface and printed on laid paper. An ornamental border around contains the obligation, date, and space for the signature. The motto at the top is NIL DESPERANDUM. (Never lose hope) over a solid line. At the bottom is "A & H." Noted only with "Repaired Splits." The eye appeal is considerable. We handled only one note from this issuer and date. The August 6, 1776 9 pence Craft note we sold in January 2016 graded Very Fine 35 Apparent sold for $2,530. This note boasts the Newman pedigree, and the denomination might be unique.
    Ex: Eric P. Newman Numismatic Education Society.


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    Auction Info

    Auction Dates
    Dec-Jan, 2017
    7th-11th Wednesday-Wednesday
    Internet/Mail Bids: 9
    Lot Tracking Activity: N/A
    Page Views: 141

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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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