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    Description

    Likely Unique 1723 South Carolina 10 Shillings Note
    The Newman Plate Note

    South Carolina 1723 10 Shillings Fr. SC-27 PCGS Apparent Very Good 10.
    Mike Coltrane's primary interest in Colonial notes is North Carolina, but he took advantage of the Newman Collection auctions to acquire other rarities like this tremendous South Carolina note: among the rarest and most important Colonial notes from South Carolina. There are only two notes from the issue known, and both came from the Newman Collection. This is the finer and is the Newman plate note illustrated on page 408 of the fifth edition. The 1723 act authorized 120,000 pounds in Bills of Credit. Although that act was repealed promptly in England, the notes had already been issued. The size format is interesting; it is in a "Tall" Bill of Credit style, but just a bit smaller than what was used in New England. The uniface note was printed on laid paper by a copper plate finely engraved by John Massey. At the top is ornate scrollwork with the obligation underneath and denomination emblem to the right side. At lower left are three plumes with the motto ICH DIEN (German phrase meaning "I serve") on a scroll. The three signatures are light, but the interesting Hepworth accomplishment is also used on the 1715 series notes (a sole example known to us, formerly from the Newman Collection). Likely unique, as are most early bills of credit, and an important, southern Colonial note. Most of the printed portions are present and strong. The printing is bold and the plumes emblem sharp and finely detailed. The backing appears contemporary to the note and has an endorsement. Noted by PCGS grading with "Splits, Tears, and Minor Edge Damage" and as "Backed." Ex: our Eric P. Newman Part VIII sale, November 2017, lot 28139 (it realized $9,600); Eric P. Newman Numismatic Education Society.
    From The Mike Coltrane Collection.


    Auction Info

    Auction Dates
    November, 2020
    4th-5th Wednesday-Thursday
    Bids + Registered Phone Bidders: 23
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