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    Description

    Important 1777 Two Year Large Format Interest Bearing Note

    Rhode Island General-Treasurer 1777 Written Dates "January 11, 1777"$200 " 6%...within Two Years" Note Fr. RI-UNL Anderson-Smythe RI-1. PCGS Very Fine 30.
    This is an extremely rare large format note printed on sturdy, card-like paper. It was a 6% interest-bearing note, payable within two years, per the obligation. Not listed in Newman or Friedberg, but not unlike the next series of notes. It appears the intent of the note was to circulate with endorsements if necessary. At the top center is the Rhode Island emblem. Obligation and texts are within ornamental pattern borders. The note was issued to Stephen Mumford and endorsed by him on the back. This is the Anderson-Smythe type listed as RI-1 (another $200 denomination is plated, courtesy of NASCA auctions) and rated High Rarity-7 (4-6 known), but it might be rarer than that rating. We had never cataloged a note of this series until the Newman Part VI sale in April. That $100 written denomination realized $11,750. This sharp-looking example presents a golden opportunity to obtain one the rarest late Rhode Island issues.
    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: 341

    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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