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    Very Rare 1777 Written Date Small Format Interest Bearing Note

    Rhode Island General-Treasurer 1777 Written Dates "March 19, 1777" $80 "at 4%...within Five Years" Fr. RI-263 Anderson-Smythe RI-9. PCGS Very Fine 35 Apparent.
    This is another very rare Rhode Island note type and was clearly meant to circulate with endorsements. Printed on laid paper on a size similar to Continental Currency notes, this 4% interest bearing note was payable within five years. Arms are at left and a fancy border is all around. It was issued to Stephen Mumford and endorsed by him on the back. Not often encountered, the type appeared by chance in a Coin Galleries auction consigned by the Museums at Springfield, Massachusetts. The Boyd Collection had only one example (the present Newman plate note), which sold in Ford XV. Despite staining, it realized $3,450. This example has two inkblots on the back that show to the face. Noted with "Edge Splits and Tears; Ink Stains." The more attractive $40 written denomination of this type sold in the Newman Part VI sale for $3,055. This might be unique as a written $80 denomination.
    Ex: Eric P. Newman Numismatic Education Society


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    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 215

    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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