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    Description

    Extremely Rare "Calling in Bills of Credit" Note, Only Two Known

    Rhode Island General-Treasurer October 7, 1778 10 Pounds "calling in...Bills of Credit...within Three Years at 6%" Fr. RI-273 Anderson-Smythe RI-10. PCGS Very Fine 35 Apparent.
    This is a third series of interest bearing notes that was meant to circulate as currency with endorsement. Printed on laid paper and large format with wide margins and wavy cutting on its left indented design. The obligation enacted was for calling in the "outstanding Bills of Credit" and paid 6% interest within "Three Years." Fully issued to James Adams and endorsed on the back. Signed by Joseph Clarke at the bottom right. Extremely rare. This is the Anderson-Smythe plate note, provided courtesy of Eric P. Newman. It was the Newman plate note until the color image of the Boyd note replaced it in the 5th edition. That is the only other example of this type we have seen, and it realized $3,220 in October 2006 at Ford XV. It is listed as Rarity-8 (1-3 known) in Anderson. Noted with "Edge Splits; Stains" by PCGS. A great rarity and key type.
    Ex: Eric P. Newman Numismatic Education Society


    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 282

    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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