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    Likely Unique February 8, 1788 New York 10 Shillings

    New York February 8, 1788 10s PCGS Fine 15.
    When we offered this newly surfaced New York note in our 2011 FUN auction, we noted that it was, "Unique to our best knowledge and one of the most significant Colonial notes to be discovered in the last several decades. This entire issue is extraordinarily rare. We know of only two pieces, both of which appeared in Stack's October 2006 sale, a 5 shillings note graded Very Fine which realized $12,650 and a £1 graded Fine which realized the same amount. Although the grade is only Fine, every word of the text and every line of the design remains clear. The face design is identical to the 5s note pictured in Newman, except for some minor rearrangement of the border elements and of course the denomination. The signatures are also the same. The back design is entirely different. A vignette of a standing woman representing Justice holding scales in her left hand is seen. Until the appearance of this note, not even the design of this denomination was known to the collecting community. The PCGS assigned grade of Fine 15 seems exactly accurate and the note is fully free of repairs, restorations, or problems of any kind." Today, it remains the only example graded by either service and the only specimen of any denomination from the rare 1788 issue that we have ever offered. Over seven years ago, it realized $5,175 and we see no reason why this unique piece should not fetch that number again.
    From the Cherry Blossom Collection

    View all of [The Cherry Blossom Collection ]

    Auction Info

    Auction Dates
    September, 2018
    5th-11th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 177

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