Discovery South Carolina Loan Office "new Bills" Note

    State of South Carolina - Continental Loan Office, in [the] State of Carolina Resolution of Congress January 2, 1779 May 31, 1779 Certificate of Deposit for $90, for "an equal Sum in new Bills, ..." Fr. UNL, Anderson-Smythe UNL. PCGS Very Fine 35 Apparent.
    An exceedingly rare and possibly unique small format fiscal note, which may have circulated in commerce due to its small size. The part-printed form is on laid paper with indented bordering at the left end and texts across. The "new Bills" referred to might be the February 8, 1779 Coram series notes. Alternatively, interpreting the obligation text, "first of August next...," perhaps the Continental Congress authorized Guaranteed by the United States notes (which South Carolina did not issue). Accomplished and issued, but without a signature at the lower right. Unlisted in the Anderson-Smythe listings from The Price of Liberty, and the act is not even cited authorizing the notes. A little ragged at the top and into the upper left indented printing, but the only example we have encountered. Noted with "Edge Damage and Tears; Mounting Remnants on Back at Left Edge." An important early American fiscal instrument.
    Ex: Eric P. Newman Numismatic Education Society.

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    Auction Dates
    May, 2016
    4th Wednesday
    Internet/Mail Bids: 8
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    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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