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    Very Rare "Coined Silver" Series Note

    Rhode Island March 18, 1750 2 Ounces, 10 dwt. (8 Pounds Old Tenor) Contemporary Counterfeit Fr. RI-65a. PCGS Good 6 Apparent.
    This is a rare and historical note series. The act authorized 50,000 pounds of New Tenor bills (200,000 pounds Old Tenor) and denominated the notes on the face in "Coin Silver of Sterling Alloy" amounts. This enactment for notes spurred the English Parliament to pass the Currency Act of March 12, 1750/1751 to restrict New England Bill of Credit issues. This is the second highest denomination authorized, but is missing portions around the perimeter and is backed upon a piece of a 1764 newspaper. That backing includes a complete advertisement for a sale of "Virginia Tobacco." A rare type, even as a contemporary counterfeit. Noted with "Splits, Damage, and Sewn to Backing." Perhaps unique, and the only example we have encountered.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Internet/Mail Bids: 5
    Lot Tracking Activity: N/A
    Page Views: 276

    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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