Selections from the Eric P. Newman Collection, Internet Part 3

2017·6.9 MB·English

by  Heritage Auctions

Items being sold are from the extensive collection
of Eric P. Newman Numismatic Education Society
(a Missouri not-for-profit corporation) and have
been assembled over a period of 90 years. Proceeds
of the sale of all items will be used exclusively for
supplementing the Society's museum operations and
scholarly research efforts and for the benefit of other
not-for-profit institutions selected by Eric P. Newman
Cover Background: Adapted from the Medal of the American Numismatic Society
Numismatic Education Society for public purposes. celebrating Eric P. Newman's 100th Birthday in 2011 (Design by Amy Kann).
Heritage Signature® Auction #241626
Selections from the Eric P. Newman Collection
Internet Part 3
May 3, 2017 | Dallas
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Observations and Evidence
Newman Internet Part 3
This third in a series of Newman Internet-only currency auctions continues the offerings of historically
relevant and fascinating notes from the renowned paper money collection of Eric P. Newman. The
material contained in this auction includes early Colonial issues, including uncut sheets; Continental
Congress notes; Early American fiscal paper and financial documents; Fractional Currency; Confederate
currency; and Obsolete currency.
Regardless of value, each item stands on its own merits and fits into context with the others like
variables in a mathematical equation, data in a scientific study, or evidence in a legal argument.
Unraveling numismatic puzzlements has long been Eric’s favorite pursuit, and the items offered from
his collections reflect his studies of engineering, the law, and the humanities. Drawing upon the facts
observed from the items themselves as well as empirical evidence from research, Eric continues to enjoy
solving mysteries and finding new ones to explore.
The sale begins with selections from Eric’s collection of Colonial and Continental currency notes,
which served as the basis for his essential reference work, The Early Paper Money of America. Eric,
at 105, continues to work on updates and additions for the sixth edition. His Early American fiscal
paper opens discussions of Revolutionary War financing. The diverse Civil War Currency features the
Northern United States Fractional Currency necessary for small change as well as Confederate Treasury
notes that declined in printing and paper quality as the War pressed into 1864. The Newman Obsolete
currency provides a remarkable resource for collectors and researchers. The octet of Abel Bowen-printed
Congreve Patent Back Proofs is remarkable for their colorful, patented diagnostics and historical context.
The tradition of reporting unpublished or unconfirmed examples from many states continues in this sale.
Eric has very much enjoyed studying the diverse pieces offered in this sale and hopes that buyers will
share in his enthusiasm. New discoveries that will deepen our knowledge of American numismatics
are always within reach. Although the evidence is tangible and constant, new observations are always
evolving and fulfilling.
Bruce Roland Hagen, Lead Cataloger and Researcher
Maureen Levine, Assistant Cataloger and Catalog Editor
Stuart Levine, Catalog Editor
March 2017
We would like to express our appreciation to the following:
Cataloging: Robert Moon
Marketing Team: Denice Brackemyre, Robin Enriquez, Mary Hermann, and Mark Masat
Photography, Imaging, and Production Management: Jose Berumen, Laura Bosse, Belem Camarillo,
Michael Hughes, Robert Moon, Christina Moreland, Matt Tinsley, Sonia Tosh, and Doris Villareal
Newman Money Museum: Tom Serfass, Curator
Order of Auction
start end start end
start end
COLONIAL CURRENCY OBSOLETES BY STATE
Connecticut 89001 89014 Alabama 89541 89556
Delaware 89015 89021 Arkansas 89557 89590
Georgia 89022 89050 Connecticut 89591 89604
Delaware 89605 89607
Maryland 89051 89064
District of Columbia 89608 89626
Massachusetts 89065 89087
Florida 89627 89640
New Hampshire 89088 89091
Georgia 89641 89733
New Jersey 89092 89147
Illinois 89734 89771
New York 89148 89161
Indiana 89772 89796
North Carolina 89162 89190
Iowa 89797 89812
Pennsylvania 89191 89250
Kansas 89813 89821
Rhode Island 89251 89265
Kentucky 89822 89842
South Carolina 89266 89276
Louisiana 89843 89920
Virginia 89277 89315
Maine 89921 89925

Maryland 89926 89937
CONTINENTAL CURRENCY 89316 89339
Massachusetts 89938 89967
Michigan 89968 89992
COLONIAL CURRENCY SHEETS 89340 89352 Minnesota 89993 89997
Mississippi 89998 90061
COLONIAL FISCAL PAPER 89353 89393 Missouri 90062 90081
Nebraska 90082 90088
FRACTIONAL CURRENCY 89394 89499 New Jersey 90089 90105
New York 90106 90200
North Carolina 90201 90221
CONFEDERATE CURRENCY 89500 89532
Ohio 90222 90247
Oklahoma 90248 90250
MISCELLANEOUS 89533 89540
Pennsylvania 90251 90304
Rhode Island 90305
South Carolina 90306 90334
Tennessee 90335 90373
Texas 90374 90380
Utah 90381 90384
Virginia 90385 90431
Wisconsin 90432 90449
SELECTIONS FROM
THE ERIC P. NEWMAN COLLECTION INTERNET PART 3
Wednesday, May 3, 2017
COLONIAL NOTES
89001 Colony of Connecticut October 10, 1771 20 Shillings Fr. 89009 Colony of Connecticut June 7, 1776 5 Shillings CT-199. PCGS
CT-167. PCGS Very Fine 30 Apparent. Very Fine 35 Apparent.
An attractive and uncancelled note from this scarcer series date. Very Only 7,000 of this denomination were printed. Uncancelled, and a crisp
deep, darkly inked printing is seen on both sides. The Timothy Green- example for the grade boasting clean surfaces. Grading notes some only
engraved plate details are amply displayed, making this example quite “Small Edge Tears.” Bright and attractive.
striking. Three strong signatures enhance a beautiful type note repre- Ex: Eric P. Newman Numismatic Education Society. (150-300)
senting this difficult-to-find issue. The noted faults, “Edge Splits; Hinge
Repairs; Minor Mounting Remnants on Back,” do not impact the overall 89010 Colony of Connecticut October 11, 1777 2 Pence CT-214.
eye appeal. PCGS Choice About New 58.
Ex: Eric P. Newman Numismatic Education Society. (250-500) These uniface, small size Pence bills are rather distinctive within the
Colonial Currency series. They were printed on blue paper and white
89002 Colony of Connecticut June 1, 1773 5 Shillings Fr. CT-170. paper (those on white are scarcer) by Timothy Green II. This lowest
PCGS Extremely Fine 40 Apparent. denomination blue paper note is uncancelled and not pen registered as
This note is from another scarcer series. Noted as “Slit Cancelled” and sometimes encountered. This has only some faint handling and shows a
with “Small Edge Splits.” The printing clarity makes this quite appealing. very bold red signature of John Brookes.
Ex: Eric P. Newman Numismatic Education Society. (150-300) Ex: Eric P. Newman Numismatic Education Society. (150-300)
89003 Colony of Connecticut January 2, 1775 5 Shillings CT-175. NEWMAN PLATE NOTE
PCGS Very Fine 20 Apparent.
The note is well printed and not cancelled. A period penned conversion
of “6/N york” is at the bottom of the back. Noted with “Small Edge Splits
and Tears.”
Ex: Eric P. Newman Numismatic Education Society. (200-400)
89004 Colony of Connecticut January 2, 1775 10 Shillings CT-176.
PCGS Extremely Fine 40 Apparent.
This is a very sharp, deeply printed, uncancelled example. There is only a
short “Edge Split at Right” noted by grading. An excellent representative
from the series.
Ex: Eric P. Newman Numismatic Education Society. (250-500)
89005 Colony of Connecticut January 2, 1775 40 Shillings CT-178.
PCGS Choice About New 55 Apparent.
The highest denomination from the series. With handling and some
minor faults. Noted by grading are: “Small Edge Tear at left; Mounting
Remnants on Back.” It faces up very well and has excellent margins.
Ex: Eric P. Newman Numismatic Education Society. (250-500)
89006 Colony of Connecticut June 1, 1775 20 Shillings CT-186.
PCGS Extremely Fine 45 Apparent.
This uncancelled note has three clear red signatures. The interesting
period penned conversion rate “26/8 N. York Cur’y” is at the base of the
back. Noted are “Small Edge Tears at Right.” There are lightly penciled
collector codes on the back at the top.
Ex: Eric P. Newman Numismatic Education Society. (200-400)
89007 Colony of Connecticut July 1, 1775 2 Shillings CT-188. PCGS
Extremely Fine 45 Apparent.
The lowest denomination from the series. A well printed and uncan-
celled note with some edge nicks noted as “Small Edge Tears.” The sharp
Timothy Green printing on the back is very handsome.
89011 Colony of Connecticut October 11, 1777 3 Pence CT-215.
Ex: Eric P. Newman Numismatic Education Society. (200-400)
PCGS About New 53PPQ.
89008 Colony of Connecticut July 1, 1775 6 Shillings CT-190. PCGS This is a bold and very sharp-looking white paper note. Uncancelled, and
Choice About New 55 Apparent. scarcer than the blue paper variant. Serial number 10679, this has been
the Newman plate note from the original edition through the current
A well printed and uncancelled note with some minor faults noted as
fifth edition of The Early Paper Money of America, and is pictured in that
“Small Edge Split at Left; Minor Mounting Remnants on Back.” A very
reference on page 113. The broad margins, sharp printing, and status as a
pleasant example from the series.
Newman plate note make this an excellent representative from the inter-
Ex: Eric P. Newman Numismatic Education Society. (200-400)
esting series.
Ex: Eric P. Newman Numismatic Education Society. (300-600)
Auction #241626 | The Eric P. Newman Collection Internet Part 3 | Wednesday, May 3, 2017 | 10:00 AM CT 5
89012 Colony of Connecticut October 11, 1777 4 Pence CT-216. 89017 Colony of Delaware January 1, 1776 4 Shillings Fr. DE-76.
PCGS Extremely Fine 40 Apparent. PCGS Gem New 66PPQ.
This uncancelled white paper note is quite bold from the face. Noted A crisp and boldly printed example with very broad margins all around.
with “Minor Mounting Remnants on Back,” which have no impact on the Face-to-back registration is nearly perfect.
attractiveness of this well-embossed example. Ex: Eric P. Newman Numismatic Education Society. (400-800)
Ex: Eric P. Newman Numismatic Education Society. (125-250)
89018 Colony of Delaware January 1, 1776 20 Shillings Fr. DE-80.
89013 Colony of Connecticut October 11, 1777 5 Pence CT-217. PCGS Choice About New 55PPQ.
PCGS Extremely Fine 40. Boardwalk margins appear on all sides. Three sharply penned signatures
Another 1777 uncancelled white paper note. It is evenly balanced on the are at bottom right, and the handling is minimal.
face with excellent margins. Ex: Eric P. Newman Numismatic Education Society. (200-400)
Ex: Eric P. Newman Numismatic Education Society. (150-300)
89019 Delaware State May 1, 1777 18 Pence Fr. DE-86. PCGS
89014 New London, CT - Union Bank in New London 1 Penny Extremely Fine 40PPQ.
August 6, 1792 Newman page 115, Haxby CT-320 UNL. PCGS Fine 15 This is a scarcer series than the January 1, 1776, notes, and the obligation
Apparent. changes to “Delaware State” as opposed to the former Colonial era titles.
This change-bill is from the earlier-dated Newman and Haxby listed A well-margined note printed by James Adams, with his imprint seen on
small format scrip note series; it is denominated in the English system. the back. The handling is light and the note quite clean looking.
This simple note is composed of typeset text, ornamental borders, and Ex: Eric P. Newman Numismatic Education Society. (200-400)
a crude emblem with one grapevine (the Connecticut seal has three)
cupped within the bank title. Amazingly, John Hallam (the cashier) and 89020 Delaware State May 1, 1777 5 Shillings Fr. DE-89. PCGS
Jedediah Huntington (the president), both found space to sign the dimin- About New 50 Apparent.
utive note. The printed back has the interesting statement “...instituted for This higher-denomination note is scarcer than the pence bills from the
the Benefit and Convenience of Trade, Manufactures and Husbandry” issue. A lightly handled note with close margins all around. Noted are
within a plain frame. Grading notes “Repaired Splits and Tears; Piece some “Minor Mounting Remnants on Back,” near the top and difficult to
Replaced at Right.” Very scarce in all grades. see.
Ex: Eric P. Newman Numismatic Education Society. (150-300) Ex: Eric P. Newman Numismatic Education Society. (200-400)
89021 Delaware State May 1, 1777 20 Shillings Fr. DE-92. PCGS
Choice About New 58PPQ
A beautifully balanced type note with full margins. Two sharply penned
signatures of Laws and Wiltbank are at lower right.
Ex: Eric P. Newman Numismatic Education Society. (250-500)
VERY RARE 1762 2 SHILLINGS 6 PENCE
89022 Province of Georgia 1762 2 Shillings 6 Pence Fr. GA-36. PCGS
Very Fine 20 Apparent.
All notes from this early series are very rare to extremely rare. Nearly
89015 Colony of Delaware June 1, 1759 10 Shillings Fr. DE-66. PCGS every note from the issue we have handled has been from the Newman
Very Fine 25 Apparent. Collection. The obligation for the denomination 2 shillings 6 pence has
A strongly printed B. FRANKLIN and D. HALL note with distinctive changed to “This indented Bill of Credit” from the simpler “This Bill.”
animal vignettes on the back, including a finely detailed elephant. The Very pleasing from the face despite some normal faults seen on early
imprint on the back is bold. Noted with a “Small Edge Split at Right” Colonial notes. This lesser denomination type has ornamental borders
only. This is in well above average grade for the series and an excel- all around, the left side indent design, and an ornamental cartouche
lent Franklin and Hall note. Sharp-looking examples from this historic at the lower right enclosing the written denomination. Noted by grad-
imprint are always in demand. ing with “Splits” and as “Backed.” Fairly bright overall, and with four
Ex: Eric P. Newman Numismatic Education Society. (500-1,000) sharply accomplished signatures. Superior in many regards to the Boyd
Collection note (Stack’s Ford Part III: 755, May 11-12, 2004, at $1,093)
89016 Colony of Delaware January 1, 1776 1 Shilling Fr. DE-73. that had five sharply penned signatures. This is the first of the type we
PCGS Very Fine 35. have cataloged here, and it is a significant Georgia rarity.
A clean and well-margined note with three bold signatures. Ex: Eric P. Newman Numismatic Education Society. (500-1,000)
Ex: Eric P. Newman Numismatic Education Society. (100-200)
6 To view full descriptions, enlargeable images and bid online, visit HA.com/241626
89027 Georgia 1776 Sterling Denominations 1 Shilling Fr. GA-63.
PCGS Very Fine 35.
This is another very sharp looking Sterling denominations type note, and
it boasts broad margins on three sides. Border (l) variety note. Signed
by Stirk and Wade. Bright, boldly printed, and premium quality for the
assigned grade.
Ex: Eric P. Newman Numismatic Education Society. (400-800)
89028 Georgia 1776 Sterling Denominations 1 Shilling 6 Pence Fr.
GA-64. PCGS Extremely Fine 40.
This denomination is in a larger format than the lesser-denominated
pence bills. Border (p) variety. This is a beautiful type note boasting deep
printing, original embossing and displaying excellent, even margins.
Another marvelous note from the Newman Collection Sterling series
notes.
Ex: Eric P. Newman Numismatic Education Society. (600-1,200)
89023 Georgia 1776 Sterling Denominations 3 Pence Fr. GA-61.
PCGS Extremely Fine 45PPQ.
The lowest 1776 Sterling denominations note; it would have been heav-
ily used for change. Border (d) variety. There are only two signatures,
McGillivray horizontally, and Wade vertically, and it is unnumbered.
With pleasing, natural paper surfaces and vibrancy, this example boasts
strong eye appeal.
Ex: Eric P. Newman Numismatic Education Society. (500-1,000)
89024 Georgia 1776 Sterling Denominations 3 Pence Fr. GA-61.
PCGS About New 53 Apparent.
This is another interesting 1776 3 pence note with a distinctively differ-
ent lower right cartouche design and ornamental bordering. Border (b)
variety. Signed by McGillivray horizontally, and Wade vertically. Well
printed, and with perfectly balanced borders. Noted with nearly invisible
“Minor Mounting Remnants on Back.” A beautiful type note.
Ex: Eric P. Newman Numismatic Education Society. (500-1,000)
89029 Georgia 1776 Sterling Denominations 1 Shilling 6 Pence Fr.
GA-64. PCGS Very Fine 30PPQ.
Another sharp-looking example with wide selvage along the bottom.
Border (q) variety. Signed by Few and Wells horizontally, and by Wade
perpendicular to the right. With very natural paper quality and an attrac-
tive appearance.
Ex: Eric P. Newman Numismatic Education Society. (500-1,000)
89030 Georgia 1776 Sterling Denominations 10 Shillings Fr. GA-67
(U). PCGS Very Fine 20 Apparent.
This is a rare, large format typeset certificate in black and red text. At far
left is GEORGIA in red. Border style (u) without upright crosses flanking
the bottom TEN SHILLINGS. The red text is bold, and the note is broad-
er for the type. Noted with “Splits and Repairs; Tape Repair on Back.” The
excellent text color contrast makes this a pleasing example.
Ex: Eric P. Newman Numismatic Education Society. (350-700)
89025 Georgia 1776 Sterling Denominations 6 Pence Fr. GA-62.
89031 Georgia 1776 Fractional Denominations $1/4 Fr. GA-69.
PCGS Choice About New 58 Apparent.
PCGS Extremely Fine 40.
From the face, this very bold example is a perfect type note on beautiful
A very small format note that used eight border variants. Border variety
paper. Border (j) variety. Signed by Stirk and Wade, perpendicular to each
(e). There is some light soiling, but the margins are even, and the three
other. Noted with trivial, virtually invisible, “Minor Mounting Remnants
signatures are clear.
on Back.” This is exceptionally bright with wide selvage along the bottom.
Ex: Eric P. Newman Numismatic Education Society. (350-700)
A riveting Sterling series piece.
Ex: Eric P. Newman Numismatic Education Society. (600-1,200) 89032 Georgia 1776 Fractional Denominations $1/4 Fr. GA-69.
PCGS Extremely Fine 40 Apparent.
89026 Georgia 1776 Sterling Denominations 6 Pence Fr. GA-62.
This example faces up very well with its deep printing and wide left end
PCGS Extremely Fine 40PPQ.
selvage. Border variety (d). Noted with “Minor Ink Erosion.” Bright and
A pleasing and well margined border (h) variety note. Signed by Bard and
appealing.
Wade, perpendicular to each other. There is an extra wide selvage at the
Ex: Eric P. Newman Numismatic Education Society. (300-600)
right end.
Ex: Eric P. Newman Numismatic Education Society. (400-800)
Auction #241626 | The Eric P. Newman Collection Internet Part 3 | Wednesday, May 3, 2017 | 10:00 AM CT 7
89033 Georgia 1776 Fractional Denominations $1/2 Fr. GA-70.
PCGS Very Fine 25 Apparent.
Another small denomination change bill type from the series. Border
variety (d). Noted only with “Splits; Tape Repairs” that are seen from the
blank back.
Ex: Eric P. Newman Numismatic Education Society. (200-400)
89034 Georgia 1776 Orange or Green Seal $1 Green Justice Seal Fr.
GA-71d. PCGS Very Fine 30 Apparent.
From the face, this is a very handsome example of a scarce note. Border
variety (e). The green Justice seal is very slightly toned. Splitting on
the vertical crease is paper-taped on the back and noted by grading as
“Repaired Splits.” The sharp printing and seal contrast are appealing.
Ex: Eric P. Newman Numismatic Education Society. (450-900)
89035 Georgia 1776 Light Blue Seal $4 Liberty Cap Seal Fr. GA-75a.
89039 Georgia 1777 No Resolution Date $7 Hand Fr. GA-88. PCGS
PCGS Very Fine 35.
Very Fine 25 Apparent.
This very bold note boasts strong eye-appeal and represents the blue color
This is an intriguing seal type with an interesting facing hand emblem
seal series well. Border variety (c) with the odd ornament in the right bor-
and misspelled motto ULTIMA RADIO (though printed “RADIO” in
der slightly above the middle. With excellent color and strong signatures.
the seal, it is a plate error and should have been “RATIO”). This border
Ex: Eric P. Newman Numismatic Education Society. (600-1,200)
(f) variety has a strong blue color seal. Noted by grading with “Small
89036 Georgia 1776 Blue-Green Seal $1 Justice Fr. GA-71e. PCGS Edge Splits and Tears.” However, these minor faults are mostly confined
to the ample margins. The well-detailed seal is superior to many we have
Very Fine 20 Apparent.
observed. Premium quality for the technically assigned PCGS grade.
This rare type is from a series with only two denominations, $1 and $4.
The $4 type is very rare and unpriced in Newman (see Newman Part VII: Ex: Eric P. Newman Numismatic Education Society. (750-1,500)
18046, October 2015). Border variety (b) note. Grading mentions “Splits,
89040 Georgia 1777 No Resolution Date $11 Floating Jugs Fr. GA-90.
Tears, and Damage; Small Rust Stains and Holes; Tape Repairs.” Though
PCGS Very Fine 25 Apparent.
the note is a trifle rough, it is very collectible and difficult to obtain.
This is an interesting odd denomination from the 1777 No Resolution
Ex: Eric P. Newman Numismatic Education Society. (250-500)
Date series and rarely encountered in top grades. Border variety (g).
89037 Georgia 1777 No Resolution Date $3 Fr. GA-85. PCGS Grading notes “Splits and Tears; Small Hole at Center; Tape Repairs on
Back.” However, the note has wide margins, and strong color and print-
Extremely Fine 40.
ing. A pleasant note overall.
Well margined, and a nicely balanced type note. The ornamental border-
ing styles correspond with the 1776 Blue-Green Seal $1 notes that are the Ex: Eric P. Newman Numismatic Education Society. (500-1,000)
same size as this $3 type. Border variety (h) with “?” in the center of the
1777 MILLSTONE ON PALM TREE $15 TYPE
top and bottom borders. Though we note some light side edge toning on
the back, the note faces up very well.
Ex: Eric P. Newman Numismatic Education Society. (500-1,000)
89038 Georgia 1777 No Resolution Date $3 Fr. GA-85. PCGS Very
Fine 30.
A second No Resolution Date $3 note. Border variety (g). Complete mar-
gins, a sharp quintet of signatures, and excellent printing make this quite
an attractive type note.
Ex: Eric P. Newman Numismatic Education Society. (400-800)
89041 Georgia 1777 No Resolution Date $15 Millstone on Palm Tree
Fr. GA-92. PCGS Very Fine 25 Apparent.
An attractive example of this 1777 seal type and the second highest
denomination from the issue. Border variety (e). The margins are close
all around, but the blue seal color is vibrant and well defined. Noted
with “Minor Ink Erosion; Mounting Remnants on Back.” This is another
Newman Collection pedigree note that is a premium example for the
technical grade assigned.
Ex: Eric P. Newman Numismatic Education Society. (600-1,200)
8 To view full descriptions, enlargeable images and bid online, visit HA.com/241626