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    Description

    Handsome Ex: Newman $1/16 "Beetle"

    North Carolina April 2, 1776 $1/16 Beetle Fr. NC-153a PMG Very Fine 20.
    The April 2, 1776, "at Halifax" issue is among the most interesting of the Colonial notes. There are 56 distinct vignette types (seen at the lower left of each note), ranging from $1/16 to $20 denominations, and all of them merit consideration and further study. Certain types appear on different varieties of paper, depending upon what was available at the time of printing. Not many collectors, including several advanced Colonial note collectors have managed to obtain all 56 types (even the Boyd Estate holding was not complete, despite decades of access to major collections), but Mike Coltrane accomplished this worthy endeavor. High-grade notes on many vignette types are unknown to us; the fragile paper often used and tight margining subjected most to the small nicks and flaws we see today. The six different $1/16 notes are all among the most difficult of the denominations to find in choice grade. This lowest denomination circulated heavily within commercial channels devoid of coins during the war. This Beetle is sharp from the face and printed on comparatively sturdy watermarked paper. Noted as "Repaired" by PMG, including a top edge back paper strip. The few notes auctioned (such as Boyd's), not that much better than this former Newman example, have exceeded $1,000 in the past decade. Mike acquired it privately at the 2017 FUN show. Ex: our Eric P. Newman Part VII sale, October 2015, lot 18935 where it realized $1,527.50; Eric P. Newman Numismatic Education Society. A handsome rarity to commence your world-class set.
    From The Mike Coltrane Collection.




    Auction Info

    Auction Dates
    November, 2020
    29th Sunday
    Internet/Mail Bids: 13
    Lot Tracking Activity: N/A
    Page Views: 177

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