May 31, 1709 5 Shilling New York PCGS Choice About New 55
New York May 31, 1709 5s PCGS Choice About New 55.
We sold an identically graded five shilling in our Newman sale, where it was written, "These are the first 1709 Colony of New York 'Tall' notes to come to auction for a while. They are rare notes and, because they come in choice conditionally normally, they are very appealing. These May 31, 1709 notes were authorized for military expenditures for Canadian expeditionary forces to build three forts and transport troops up the Hudson. Uniface and printed in black by William Bradford, without imprint, on horizontal four-subject sheets. Typeset with a top indented block. There are three very bold, vanity style signatures in the character of the period. The Johannes DePeyster signature in particular flows artistically under the obligation. There are two plate positions with different styles. This is 'b' with 'Shillings' on the second line, 'C' in Colony skewed upwards, and the 'Governour' spelling. A very bold example with deep, natural embossing; well margined, and quite full. This is a PPQ note, but with noted 'Minor Ink Erosion in Signature' categorizing it as Apparent. That ink 'flaw' is virtually undetectable. This is a handsome, early note and one of the finest we have handled." This piece happens to be the same variety with the same diagnostics described for the Newman piece. The only difference is in the grade, both are italic 55s. The Newman note had minor ink erosion and this note has minor mounting remnants on the back. As close to identical as two pieces of currency could be. Both notes carry the same three signatures, though in different order. The Newman note realized just under $5,000 and we would expect a similar realization here.
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