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Home / Currency / Selections from the Eric P. Newman Collection Part 3 Wednesday Internet Currency Auction Auction #241626 / Lot #89391
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    LOT #89391  | 
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    North Carolina - Act of May, 1784 6% Interest to the Indebted of the Continental Line, dated at Halifax 71 Pounds 0 Shillings ...

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    Colonial Notes:North Carolina, North Carolina - Act of May, 1784 6% Interest to the Indebted of the Continental Line, dated at Halifax 71 Pounds 0 Shillings ...
    Colonial Notes:North Carolina, North Carolina - Act of May, 1784 6% Interest to the Indebted of the Continental Line, dated at Halifax 71 Pounds 0 Shillings ...
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    Description

    North Carolina - Act of May, 1784 6% Interest to the Indebted of the Continental Line, dated at Halifax 71 Pounds 0 Shillings 3 Pence January 1, 1782 Anderson-Smythe NC-12. PCGS About New 50 Apparent.
    These small size forms, referred to as "Army Certificates," served to rectify overdue compensation for service in the American Revolution. Since the Colonial paper money was worthless, these certificates could be redeemed for the equivalent currency due, and pay interest from a specified date; they usually were payable for taxes and other state government obligations. In a way, they acted as retroactive loan forms. Printed on laid paper. 14.0 cm by 8.5 cm. The ornamental bordering is wider and indented at the left. The typeset obligation had blanks for issuance. No. 108. Issued and signed by Montfort and McCulloch. Not endorsed on the back. Low Rarity-6 in Anderson-Smythe. The type was not in the Boyd Collection. The "Paper Toned" deeply, as noted by grading. High grade and an interesting army-related fiscal paper.
    Ex: Eric P. Newman Numismatic Education Society.

    Auction Info

    Auction Dates
    May, 2017
    3rd Wednesday
    Internet/Mail Bids: 14
    Lot Tracking Activity: N/A
    Page Views: 151

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

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    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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