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    Description

    New York, NY- Corporation of the City of New York 1 Penny February 20, 1790 Harris 15 PMG Extremely Fine 40.
    Last August, we sold a problem PMG Very Fine 25 for nearly $300. This piece is a perfectly margined and much nicer example. Our previous description included a brief history of this issue, "Listed in both Newman and Harris, this was the lowest of three denominations from this issue. According to Newman, the notes were authorized 'to satisfy 'the want of small change' and to prevent the great losses 'to the poorer classes of citizens from the circulation of base coppers.'' The two and three pence notes were counterfeited in London. Hugh Gaine was the printer of the issue and the printed signature of City Treasurer Daniel Phoenix is seen."


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    Auction Info

    Auction Dates
    Apr-May, 2011
    27th-2nd Wednesday-Monday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 313

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