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    Penny Change Bill from America's First Bank

    Pennsylvania Bank of North America August 6, 1789 1 Penny or $1/90 Fr. PA-273, Haxby PA-465 G8, Newman page 364. PCGS Very Choice New 64.
    Popularly collected with Colonial and Obsolete currency, this is an intriguing type issued by the first bank chartered by Congress. These distinctive small bills were essential for making change before the United States Mint became operational in 1793. This small typeset bill has ornate face borders and the engraved signature of cashier Tench Francis in script. It was printed on white woven paper on the same sheet as the 3 pence notes showing polychrome marbling. The paper was manufactured by James Whatman of London and brought back by Benjamin Franklin to his grandson's printing shop. Dual denominations show "One Penny" and "One Ninetieth of a Dollar." The ornate back has a framed pattern at the center surrounded by floral ornaments; the imprint (upside down) reads: "Printed by B[enjamin]. F[ranklin]. BACHE." Plate A. This is a very nicely margined example and nearly a Gem.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    November, 2018
    7th-10th Wednesday-Saturday
    Bids + Registered Phone Bidders: 13
    Lot Tracking Activity: N/A
    Page Views: 294

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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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