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    Description

    New York April 18, 1786 5s PCGS Apparent Very Fine 20.
    The Newman example, which we sold last November, was by far the finest known. It was sold with the following description, "All notes from this late State of New York issue, even contemporary counterfeits, are very rare. False notes were so widespread they had to be withdrawn and replaced with February 8, 1788, notes. Few genuine bills still exist, and this is thought to be Rarity 8 (1-3 known). Printed uniface on laid paper by Samuel Loudon with his imprint along the bottom. The Maverick-engraved New York State coat of arms with EXCELSIOR is in black at the right. Peter Rushton Maverick (his children, including his daughter Ann, were all engravers) was a prolific engraver who engraved the plates for many banknotes, including some early Missouri notes. Ornamental flourishes are on three borders and STATE OF NEW YORK is in a ribbon across the top. Signed by Jonathon Lawrence and John DePeyster." That note realized $3,840. It was vastly superior to this piece, which grades VF20 and has had the apparent assigned for, "restorations; design and signatures redrawn." This note indeed has had lots of cosmetic surgery, but much of the text and almost all of the border elements and the New York state coat of arms are over 90% original.


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    Auction Dates
    January, 2018
    3rd-9th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
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