Extremely Rare April 18, 1786 5 Shillings New York Note
State of New York April 18, 1786 5 Shillings Fr. NY-222. PCGS
Very Fine 30 Apparent.
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 False notes were so widespread they had to be withdrawn and replaced with February 8, 1788, notes.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. Noted with "Center Split Tape Repaired; Small Edge Split at Top Left; Minor Mounting Remnants on Back." Those comments are petty compared with its vibrant eye appeal, broad size, and sharp signatures. The Newman 10-shilling note sold in April 2015, only a bit finer than this example, realized $5,875. A final opportunity to obtain a note from this rare New York issue with the Newman Collection pedigree.
Ex: Eric P. Newman Numismatic Education Society
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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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