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Newman offerings crossing block

Heritage

A 1775 Massachusetts Bay Colony bond leads the Eric P. Newman Collection offerings.

A 1775 Massachusetts Bay Colony five pounds four shillings bond (est. $5,000-$10,000) leads nearly 1,500 pieces from the Eric P. Newman Collection Internet Part 3, which will be auctioned with no reserve in Heritage Auctions’ Internet Currency Auction on May 3.

The 1775 Massachusetts Bay Colony five pounds four shillings bond loans were used to finance the Continental Army in the first years of the American Revolution and printed from a copper plate engraved by Paul Revere. This specimen is graded PCGS Very Fine 20.

Among uncut notes, the Newman Collection offering contains several rarities. A perforated block of eight First Issue Fr.1229 five-cent notes (est. $3,000-$6,000) will be sold to collectors for the first time. No-monogram five-cent notes are exceptionally rare, and Heritage says it has offered a block of eight just once before. The notes are graded PCGS Choice 58 PPQ.

A Confederate sheet of 10 T20 $20 notes is estimated at $2,500-$5,000. PCGS grades the sheet Extremely Fine 45.

Territorial rarities include one of the most popular territorial series. An 1830 Territory of Florida $1 note (est. $2,500-$5,000) boasts a low serial number and high grade. At PCGS Very Fine 35, it is said to be among the finest of its type. Less than 40 Florida Territory $1 notes are known to survive.

Another $1 note is highlighted in the sale, an 1850 issued by the Phenix Bank in New York (est. $1,000-$20,000). The ornate note shows sharp detail and is graded Very Fine 35 by PCGS.

Rounding out the featured lots is an undated steamer J.A. Cotten 25 cents note (est. $1,000-$2,000) that the auction firm says “is worthy of exhaustive research.” In addition to the “Steamer J.A. COTTEN” text and the denomination, the small note contains a pair of steamboat vignettes and the obligation “Due by Narcisse Paris, Redeemable in Three Dollars.” Heritage says it likely relates to the Confederate steamer J.A. Cotton, sunk by Union forces on April 14, 1863. However, its association with the ship is currently unconfirmed.

For additional information on the sale, visit www.HA.com.

 

This article was originally printed in Bank Note Reporter. >> Subscribe today.

 

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• The Standard Catalog of United States Paper Money is the only annual guide that provides complete coverage of U.S. currency with today’s market prices.

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