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    Stellar Rhode Island February 14, 1743 Bill of Credit

    Rhode Island February 14, 1743 2 Shillings 6 Pence Fr. RI-54a. PCGS Extremely Fine 45.
    This is a stellar "Tall" Bill of Credit from Rhode Island and the Newman plate note illustrated on page 384 of the fifth edition and on the color plates on page 48. One of the most riveting Colonial notes in the Newman Collection, its beautiful face appears to have been printed yesterday. Authorized by the General Assembly from South Kingstown and known as the Eighth Bank. The engraved face plate, which was subsequently redated for a few more issues, is one of the most handsomely designed plates in the 1690-1750 New England Bill of Credit issuing period. The cartouche occupying the top two thirds of the note contains the obligations; the sides show floral details; the Rhode Island anchor motif symbolizing Hope is at bottom center; and the top displays fancy engraved details in the corners with "Half a Crown" in the center. Outside of the cartouche, at the bottom left, are the Royal Arms with the Garter crest and motto at center. The back is simpler, with an ornamental square cartouche composed of mixed types such as crowns, urns, plumes and roses. At center is "Half a Crown / equal to / Ten Shillings / Old Tenor." A very bold note with three clear signatures and serial no. 12908 at the lower right. A deeply inked, strong plate was used to print this note. Margins are complete to broad, and the note is exceptionally well framed. The Boyd collection "Tall" notes sold in Ford Part III had only three different redated plate notes from this February 14, 1743, style. There is only one other known. The John L. Roper collection note sold by Stack's in his second sale on March 20, 1984, realized $3,250 over 33 years ago. That note had splits and faults, netting perhaps near Fine condition. The present example is superior to the Newman Collection 6 pence from the issue graded Extremely Fine 45 Apparent sold in Newman Part VI for $9,693.75. This note is eye-catching and breathtaking. A Colonial coin of this high rarity and condition might merit a six-figure realization. These magnificent "Tall" notes are worthy of the visionary collector's appreciation, awe, and acquisition. This is a priceless treasure from an historic era of early American currency issues.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    November, 2017
    1st-2nd Wednesday-Thursday
    Bids + Registered Phone Bidders: 16
    Lot Tracking Activity: N/A
    Page Views: 1,579

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) 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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