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Pennsylvania June 15, 1767 40 Shillings Fr. PA-127. PCGS Fine 12 Apparent.. ...
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Description
Exceedingly Rare June 15, 1767 40 Shillings Note The First Hall and Sellers Pennsylvania Issue
Pennsylvania June 15, 1767 40 Shillings Fr. PA-127. PCGS Fine 12 Apparent.This series is easily the rarest late series of Pennsylvania notes. We are aware of only two notes in private collections from the issue date: this example and the Boyd Collection note plated in the Newman reference. The Boyd note was sold in Ford Part X, May 2006. No new official notes had been printed since the June 18, 1764 Franklin and Hall notes, making this issue necessary. In the interim, 1766 Merchants Association bills that were 5% interest bearing were emitted privately. Due to the potential for fraud, as well as lack of redemption, a group of merchants were wary of this private issue. They begged the Assembly to bar private notes, and eventually 20,000 Pounds of Bills were approved by the May 20, 1767 Act. This is the first Pennsylvania series with the Hall and Sellers imprint; it is an interesting wide format note. The Penn family coat of arms is at lower left, just inside the elaborate border cut. The note is also denominated as EIGHT CROWNS at the bottom. The back is interesting with the wide format nature print design. Fully issued, with signers Roberdeau, Mease, and Jones. Apparent and noted with "Edge Splits and Tears; Minor Stains." A fairly solid note of the highest rarity. Very sharply defined signatures and a distinctive looking issue. It has been nearly ten years since the Boyd note was auctioned. This is a tremendous chance to bid upon a rare and important Pennsylvania note.
Ex: Eric P. Newman Numismatic Education Society.
View all of [Selections From The Eric. P. Newman Collection, Part VI a. ]
Auction Info
Buyer's Premium per Lot:
17.5% of the successful bid (minimum $14) per lot.
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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