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    Finest and Likely Unique July 5, 1715 Redated 1721 5 Shillings-The Newman Plate Note

    Rhode Island July 5, 1715 Redated 1721 5 Shillings Fr. RI-13b. PCGS Very Fine 35 Apparent.
    The following Rhode Island note quartet forms a currency suite offered only when the finest cabinets are cataloged. All are Newman plate notes. Like several early dated "Tall" Bills of Credit from the Newman Collection, this is likely unique and the only recorded example. Its condition is also among the finest of all pre-1750 Rhode Island bills, and it projects vibrantly on both sides. This is the Newman plate note, illustrated on page 374 of the fifth edition of The Early Paper Money of America. The note is from the "Second Bank" series and acted as a loan with any interest due payable in flax and hemp (noted in the act, but not the obligation). Similar to Connecticut and Massachusetts bills from the same era. The obligation text is in the center, indenting floral details at the top, and Rhode Island arms at lower left with the motto IN TE DOMINE SPERAMUS (We hope in the Lord). Three bold signatures of Edward Thurston, John Wanton, and William Coddington are at the bottom. The redate "1721" is deftly placed under the shading at the right. The top half of the back is ornately engraved. The details deserve scrutiny: the outer and lower features are floral and the upper center appears to depict the lower part of a stylized bird. This curious arrangement leads to the conclusion that it may have been part of a larger design encompassing the backs of all denominations printed on the plate. A small penned endorsement, "From Aunt Anna," is below the back design. Noted with "Repaired Splits," which are mostly observed from the back. Excellent paper body otherwise, deeply printed from an early plate state, and broad. The only other genuine bill from the issue confirmed is the raw "Very Good" 5 pounds sold from the Boyd collection as Ford Part III: Lot 557 for $14,490. This is much finer and equally rare, if not unique. One of many irreplaceable Newman Collection Colonial notes cataloged in this Part VIII sale.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    November, 2017
    1st-2nd Wednesday-Thursday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
    Page Views: 832

    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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