Rhode Island February 14, 1743 6 Pence Redated 1746 Fr. RI-52d. PCGS Very Fine 35 Apparent.. ...

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Stellar February 14, 1743 Redated 1746 6 Pence

Rhode Island February 14, 1743 6 Pence Redated 1746 Fr. RI-52d. PCGS Very Fine 35 Apparent.
This is a magnificent Newman collection "Tall" Bill of Credit from Rhode Island authorized by the General Assembly from South Kingstown. The initial authorization and issue is known as the Eighth Bank. Several times, for various additional authorization purposes, it was renewed. The engraved face plate, which was subsequently redated like this 1746 bill, is one of the most handsomely designed plates in the 1690-1750 New England Bill of Credit issuing period. The obligations are in the cartouche taking up the top two thirds of the note. The sides show column details; the bottom has fancy scrollwork on each side of the Rhode Island anchor motif symbolizing Hope; the top displays fancy engraved details in the corners with Six Pence in the center; and at the bottom left, the Royal Arms are used on Rhode Island notes for the first time on this plate. Very subtly engraved "T.I." for Thomas Johnston concealed below the anchor in the center. The back is simpler with an ornamental square cartouche composed of mixed types such as crowns, urns, plumes and roses. At center is "Six Pence/ equal to/ Two Shillings/ Old Tenor." Interestingly, we note that there is a back date "1747" at the back lower right. A very boldly printed note, from a strong plate state, with three clear signatures and serial No. 3241 at upper right. Broad margins, although the left side margin does dip just slightly in heading towards the bottom. Cited with "Repaired Edge and Internal Splits," but showing considerable paper body, extraordinary for this type of large format Bill of Credit. An extremely rare note. Only one note from the series in the Boyd collection "Tall" notes was sold in Ford Part III in May 2004: the shilling note, lot 573, realized $10,925. This is a stellar early American paper currency rarity with considerable engraved beauty.
Ex: Eric P. Newman Numismatic Education Society

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Auction Dates

October, 2015

21st-24th Wednesday-Saturday

Bids + Registered Phone Bidders: 12

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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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