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    One of Two Known 1731 South Carolina "Lawful Money" Bills

    South Carolina 1731 7 Shillings 6 Pence Fr. SC-32. PCGS Good 6 Apparent.
    The third Newman Collection pre-1750 rarity from South Carolina cataloged in this sale: an impressive grouping. It is one of only two notes from the 12-denomination series known. There were 106,500 pounds of bills of credit authorized to redeem earlier notes. Counterfeiting on the issue caused the recall of some denominations, but not this. A smaller format note and a departure from the size used on earlier, known South Carolina notes. An ornate, scroll-detailed indented border is at the left. The denomination is across the top in two lines (but without specific obligation text) with "Lawful Money" at the end. At the lower right is an emblem showing a thistle in the inner circle and the denomination and date in the outer circle. Only one of three signatures, Gabriel Manigault's, is still legible. The note is mostly full and well detailed from the face. Noted with "Splits, Tears, and Minor Damage" and as "Backed." A blank second backing strip is over the first backing which shows some calculations. The only other known example from the issue is the 10 pound Boyd collection note (the Newman plate note) sold in Ford Part III in May 2004 for $50,600. Of the Colonials in that sale, only the Massachusetts 1690/91 note realized a higher price. This historic bill is pleasing overall and presents another tremendous opportunity to obtain a rarity that is cataloged at auction for the very first time.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    November, 2017
    1st-2nd Wednesday-Thursday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
    Page Views: 538

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) 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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