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    Bold 1775 50 Pound Promissory Note Signed by Henry Middleton

    South Carolina 1775 Promissory Notes of Citizens 50 Pounds "April 29, 1775" Fr. SC-97.2. PCGS Very Fine 25 Apparent.
    This was an important series of 20-and 50-pound notes with the purpose of raising funds for Revolutionary War expenditures prior to the organization of the Provincial Congress. Most were apparently redeemed for later notes and were payable "on Demand," clearly acting as currency. Henry Middleton, second president of the Continental Congress, signed this series of hand-dated notes. The Middletons were another eminent South Carolinian family. Henry's farther Arthur (Declaration of Independence signer) was an early opponent to proprietary rule and fought in the Native American conflicts known as the Yamassee War. A large format note printed on two sides on laid paper. Fancy flourishes grace the indented left end, and the obligation is across. The intricate design on the perpendicular back displays an Irish harp, a fleur de lis, Tudor roses, Scottish thistles, crowns, plumes, and flourishes. Signed by Henry Middleton, Thomas Lynch, Miles Brewton, Benjamin Huger at the left, and with the large signature of Roger Smith at right in red. Noted with "Ink Erosion; Edge Splits, Tears, and Minor Damage." There is a small chip off the top in the center; otherwise, this is one of the finest known. The printing clarity is bold and the note is full size. Superior to the heavily pen-cancelled Boyd collection note (Ford Part III: Lot 814) that realized $1,725 in May 2004. This is the only uncancelled example we have observed and it has tremendous eye appeal.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    November, 2017
    1st-2nd Wednesday-Thursday
    Bids + Registered Phone Bidders: 13
    Lot Tracking Activity: N/A
    Page Views: 182

    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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