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    Description

    Finest Known August 22, 1738 "Small Denomination" Bill of Credit

    Rhode Island August 22, 1738 2 Shillings 6 Pence Fr. RI-30. PCGS Extremely Fine 40 Apparent.
    A second remarkable, early Rhode Island Bill of Credit that is likely unique and is the finest grade note observed from the issue. It is the Newman plate note, illustrated on page 381 of the fifth edition and on the color plates on page 48. The Newport-issued series consisted of six small denominations ranging from one shilling to ten shillings. This bill is in a smaller format than the traditional "tall" notes of the period. Printed on two sides. The obligation is within a fancy cartouche; Hope motif arms and motto are at the lower left. Signed sharply by Sheffield, Brenton, and Goulding. The denomination and date are in an ornate cartouche on the back. The plates still exist, and reprints have been made of this issue. However, this is a contemporary, genuine issued bill in beautiful condition. Noted with "Small Edge Splits; Minor Stains." The faults are trivial and the note boasts superior paper originality and strong printing. There are two other denominations known to us. Roper had a 3 shillings, nearly as fine as this example, that realized $3,250 over 33 years ago at his second sale by Stack's. We sold a raw Very Good, backed 7 shillings 6 pence in April 2006 for $8,625. Another impressive, early Newman Collection note in superb grade.
    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: 1,430

    Buyer's Premium per Lot:
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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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