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    UNLISTED NEW YORK 1780 "...UPON THE PURCHASES OF FORFEITED LANDS"

    State of New-York - Treasury of this State 6% Six Month Loan Certificate "...upon the Purchases of forfeited Lands" 2000 Continental Dollars June 5, 1780 Anderson-Smythe NY-UNL. PCGS Choice About New 55 Apparent.
    A remarkable and exceedingly rare small format certificate from New York. Not reported, this may be the cited, but unconfirmed, NY-4 in Anderson-Smythe. Printed on thick laid paper. 14.0 cm by 8.0 cm. The typeset obligation is contained within ornamental bordering, the left with multiple rows and indented at issuance. No. 227. Fully issued to John Taylor and signed by Gerard Bancker as treasurer. The back is fully endorsed with principal and interest paid, $2,043 on October 15, 1780. The great rarity of this loan certificate is due to the short term of six months and because it is from New York (all New York fiscal paper is rare). The certificate may have been redeemed for State of New York "Guaranteed by the United States" notes, which are the rarest from that State-issued Colonial currency series. It appears most of those notes were eventually redeemed for subsequent instruments, and the remaining Guaranteed notes were destroyed by the State. Noted only with some "Mounting Remnants on Back." A very important New York Colonial fiscal piece and the first seen by us.
    Ex: Eric P. Newman Numismatic Education Society.


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    Auction Info

    Auction Dates
    May, 2017
    3rd Wednesday
    Internet/Mail Bids: 19
    Lot Tracking Activity: N/A
    Page Views: 344

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $19) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    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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