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    Description

    Unique One Shilling/16 Cents Washington Bank Note

    Westerly, RI - Washington Bank in Westerly One Shilling/16 Cents Aug. 22, 1800 Newman page 403, Haxby RI-560 G10, Durand 2505. PCGS Apparent Fine 15.
    Currency notes such as this were Eric Newman's collecting forté for over eight decades. This diminutive note packs an impressive resume within its simplicity and history. As an 1800 date and Shilling denomination it is listed and plated in the Early Paper Money of America opus. As a 16 Cents Obsolete currency type, this is certainly one of the most interesting odd denomination notes extant, unique to our knowledge, and essential to form a complete set of denominations as published in Roger Durand's "Denominations" book. It was missing from all the major denomination sets ever formed including Criswell, Durand, and the definitive Schingoethe Collection, which had the 11 Cents / 8 Pence note from this series (ex Durand 1993 Memphis at $4,400 and ex Schingoethe Part 7, July 2007 at $4,025). That is the only other known note from this Newman-listed series. This example is plated in multiple references. The plate note in the Roger Durand "Denominations" volume where it is rated "U" or "Uncollectible" and his Rhode Island book. Plated on page 403 of the fifth edition where it first appeared in the expanded 1976 edition. Engraved August 22, 1800 date, the opening of the bank. The border around the perimeter is a combination of lines and type ornaments. The denomination "16 Cents." is at top center with a "W" at left and "B" at the right. A dominant ONE SHILLING is above the obligation. The signatures of R.(owse) Babcock as president and A.(rnold) Clark as cashier remain strong. Noted with a "Small Hole at the Left" as seen on all plated images of this key piece. That aperture may have been a period spindle hole used to string similar size notes together. A priceless American currency note which was exhibited at the Newman Money Museums for decades. Initially sold by us in the 2018 Newman Part X sale for a conservative $1,440. It is priceless and for over eighty years considered unique.


    Auction Info

    Auction Dates
    January, 2020
    8th-14th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 7
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