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    Rare and Early 1708 Massachusetts Contemporary Counterfeit Bill of Credit

    Province of the Massachusetts Bay November 17, 1708 40 Shillings Contemporary Counterfeit Fr. MA-24 PCGS Extremely Fine 40 Apparent.
    This is a rare "Tall" Bill of Credit type and, to our knowledge, the type is not known as a genuine note. The false plate is based on the original 1702 "middle plate" (5s, 10s, 20s, and 40s) designed by John Coney. While we do not have a genuine, unaltered note from 1702 or 1708 for comparison of sharpness and detail, we note that the inking is irregular. The indent squiggle pattern design at the top is cut in a "tombstone" style. Text obligations are across the note with an ornate red "AR" monogram (Anna Regina). The back shows a red squiggle pattern at the top. Among the three false signatures of Elisha Hutchinson, Penn Townshend, and Samuel Chockley the word "Counterfeit" is scrawled. This is one of the earliest North American currency notes known, and significant even as a contemporary counterfeit. It was emitted less than a century after the province was established, and affairs in England and Europe were turbulent. We have seen a few of these in major collections over the years. The Boyd collection contained three examples of this type. Most of the known pieces are in the vicinity of the serial number of this note, 1966; the Newman plate note is serial number 2000. An old pencil code on the back notes an acquisition date of 1906 (perhaps a Chapman pedigree?). The PCGS notations of "Small Edge and Internal Splits; Tape Repair on Back" are relatively minor. An attractive "Tall" Colonial bill and significant early American currency type.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 473

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) 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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