Finest Known PCGS Graded $10 1934 North AfricaFr. 2308 $10 1934 Mule North Africa Silver Certificate. PCGS Gem New 66PPQ.
These mules are composed of Series 1934 faces on Series 1934A backs that carry back plate numbers 585 and higher. They were printed for use in the first major American land action of World War II, the 1942 invasion of North Africa, to pay the troops and local suppliers. The plan, similar to that put in place for the Hawaii issues, was to demonetize these distinctively printed notes if large quantities were to fall into enemy hands. This is a most impressive example from the cabinet of Eric P. Newman. Any Uncirculated 1934 North Africa $10 is a major rarity worthy of considerable mention, but this is even more significant, as it is the sole example graded at the Gem New 66PPQ level by PCGS, with none higher. PMG has graded three such notes, but only one has ever been available at public sale, and that piece has been off the market since we sold it in 2009. The Newman Collection specimen is gorgeous, with near perfect centering, full original embossing, and exceptionally vivid colors, including as bright a yellow seal as we have ever encountered on any $10 North Africa note. With no comparable sales since the offering that took place at the absolute nadir of the market after the 2008 financial collapse, any estimate is simply an educated guess, but if the combination of rarity, grade and desirability are any guide, our estimate here might well prove conservative.
Ex: Eric P. Newman Numismatic Education Society.
View all of [Selections From The Eric. P. Newman Collection, Part VI a. ]
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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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