Selections from the Eric P. Newman Collection, Part VIII

2017·43.1 MB·English

by  Heritage Auctions

Cover Note Lot Key
Front Cover Lots: Back Cover Lots: Inside Front Cover Lots:
Items being sold are from the extensive collection 28315, 28170, 28312 28044, 28224, 28225, 28001, 28053, 28132,
of Eric P. Newman Numismatic Education Society 28101, 28306, 28304, 28171, 28177, 28183,
28305 28189
(a Missouri not-for-profit corporation) and have
been assembled over a period of 90 years. Proceeds Inside Back Cover Lots:
of the sale of all items will be used exclusively for
28211, 28236, 28216,
supplementing the Society's museum operations and 28235, 28227
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
celebrating Eric P. Newman's 100th Birthday in 2011 (Design by Amy Kann).
Numismatic Education Society for public purposes.
Heritage Signature® Auction #3547
Selections from the
Eric P. Newman Collection Part VIII
Volume 1
November 1 & 2, 2017 | Dallas
Signature® Floor Sessions 1-2 PRELIMINARY LOT VIEWING
(Floor, Telephone, HERITAGE Live!,® Internet, Fax, and Mail) By appointment only. Please contact Jose Berumen
at 214-409-1299 or [email protected].
Heritage Auctions, Dallas • 1st Floor Auction Room
3500 Maple Avenue • Dallas, TX 75219 Heritage Auctions, Dallas • 17th Floor
3500 Maple Avenue • Dallas, TX 75219
Session 1 – SELECTIONS FROM THE ERIC P. NEWMAN COLLECTION
Wednesday, November 1 • 10:00 AM CT • Lots 28001-28315 Monday, October 9 – Thursday, November 2
9:00 AM – 6:00 PM CT
Session 2 (see separate Volume 2 catalog)
Wednesday, November 1 • 2:00 AM CT • Lots 28316-28591 View lots & auction results online at HA.com/3547
Signature® Internet Session 3 SPECIAL NEWMAN IX VIEWING AND
(HERITAGE Live!,® Internet, Fax, & Mail only Session) NGC INVITATIONAL
Heritage Auctions, Dallas • 1st Floor Auction Room
Session 3 – SELECTIONS FROM THE ERIC P. NEWMAN COLLECTION 3500 Maple Avenue • Dallas, TX 75219
Thursday, November 2 • 10:00 AM CT • Lots 29001-29393
Monday, October 23 - Thursday, October 26
Session 3 Continued (see separate Volume 2 catalog) 8:00 AM – 6:00 PM CT
Thursday, November 2 • Approximately 12:00 PM CT
Lots 29394-29624 BIDDING METHODS:
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Thursday, November 2 • 10:00 AM – 1:00 PM CT
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This auction is subject to a 20% Buyer’s Premium (minimum $19) per lot. Phone bidding must be arranged 24 hours before your
TX Auctioneer Licenses: Paul Minshull 16591; Teia Baber 16624; Edward Beardsley session begins. Client Service: 866-835-3243
16632; Holly Culbreath 17513; Sarah Davies 17505; Samuel Foose 11727; Alissa
Ford 17104; Kathleen Guzman 16142; Gregory Holman 17653; Jennifer Jayne Marsh
Internet Bidding
17105; Marina Medina 17512; Bob Merrill 13408; Brian Nalley 17134; Scott Peterson
13256; Michael Provenzale 17157; Michael Sadler 16129; Barry Sandoval 17649; Proxy bidding ends ten minutes prior to the session start
Martin Scammel, Jr. 17659; Nathan Schar 17365; Kimberly Serrano 17657; Anthony time. Live Proxy bidding continues through the session.
Singleton 17507; Andrea Voss 16406; Phillip Wooten 17656.
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Currency Specialists
Steve Ivy
CEO
Co-Chairman of the Board
Allen Mincho Len Glazer Dustin Johnston
Director of Auctions Director of Auctions Director of Auctions
Jim Halperin
Co-Chairman of the Board
Michael Moczalla Luke Mitchell Kenneth Yung
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Greg Rohan
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Paul Minshull
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3500 Maple Avenue • Dallas, Texas 75219
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Consignment Directors: Allen Mincho, Len Glazer, Dustin Johnston, Michael Moczalla,
Luke Mitchell, Kenneth Yung
Todd Imhof
Executive Vice President Cataloged by: Bruce Hagen, Robert Moon
Dear Bidder:
Welcome to Selections from the Eric P. Newman Collection Part VIII, presented in two separate volumes. This first volume contains a wide
range of American paper currency. The second volume is devoted solely to Missouri. Our three-day Signature Sale, featuring both currency
and coins from Eric’s extraordinary collection, will be held at our Dallas headquarters. This catalog includes the first of two currency floor
sessions, offered Wednesday, November 1, and also the first of two currency internet-only sessions, held Thursday, November 2.
The fascinating array of material offered within includes a variety of unique Colonial bills of credit, some plated in The Early Paper Money
of America, Newman’s indispensable reference; ensconced in the Continental section are 24 superb Fugio notes from the same sheet; a
$50 Montgomery issue forms the centerpiece of the Confederate notes; and the finest of four known $10 1861 St. Louis Demand Notes is
the pièce de résistance that will serve as the finale for the first session.
Like that Demand Note, acquired from D. C. Wismer in 1939, most of the notes have been in the Newman Collection for at least 75 years
and have never appeared at auction. The outstanding diversity of notes in this sale provides important pieces that will entice collectors of
every budget.
Highlights from the morning first session include:
• Colony of Connecticut July 10, 1733, redated May 8, 1746 2 Shillings 6 Pence
• Maryland July 14, 1756, 20 Shillings - the first cataloged in over 30 years
• Rhode Island February 14, 1743, 2 shillings 6 pence - in stunning grade
• South Carolina August 27, 1715 Act, 4 Pounds - the earliest southern Colonial note
• Continental Currency May 10, 1775, $20 - the key type to the Continental Currency series
• Continental Currency February 17, 1776, $1/3 PCGS Superb Gem New 67PPQ - finest and
sheet-mate to 23 superb Fugio notes cataloged
• Confederate States of America -T4 1861, $50 Montgomery issue PCGS Choice About New 55
• (Salt Lake City, U.T.) - Reissued “Brigham Young” Kirtland Safety Society Bank $2 Mar. 9, 1837
• United States Treasury Department - $10 March 25, 1815, “Act of February 24, 1815” double signature Choice About New 58PPQ
• United States of America - Fr. 10 $10 1861 St. Louis Demand Note – the finest of four known
As in the previous auctions, items sold are from the extensive collection of Eric P. Newman Numismatic Education Society (a Missouri
not-for-profit corporation), which 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 numismatic research efforts and for the benefit of other not-for-profit
institutions selected by Eric P. Newman Numismatic Education Society for public purposes.
We hope you can be with us in Dallas for these exciting numismatic events. If you cannot attend in person, please join us “in real time”
by telephone or online at HERITAGE Live!®. We will also be pleased to accept your bids via email, fax, or regular mail prior to the auction.
We wish you the best of luck and, as always, thank you for your participation.
Sincerely,
Jim Halperin
Co-Chairman of the Board
Numismatic Nirvana
A Foreword and Appreciation
This Newman Collection Part VIII sale is an event nine decades in the making. Presented in several sales,
not only is Eric’s paper currency collection among the more valuable ever to be presented for auction, but
it is definitely the most thought provoking. The diversity of Colonial and Continental Congress, Obsolete,
Federal and National, and World currencies in Eric’s collection is unparalleled. Sale after sale has ushered
into the collector community countless historical and artistic items, from a broad range of subjects, to
enhance existing cabinets or inspire new studies by eager numismatists and scholars.
From the finest St. Louis Office $10 Demand Note to the rustic commemorative wooden money from
the 1930s Depression era in this sale, Eric studies them all with an appreciation for their individual
significance and their integral role in the big picture of history, art, economics, and numismatics.
For eight decades, he has written on a wide variety of American numismatic topics, most before the
internet ushered in the present golden age of research. In his 1966 article in The Numismatist on emblems
and mottos on Continental Currency and Fugio cents, Eric lets the reader in on the postal correspondence
he had with the Librarian of the Library Company of Philadelphia. Upon locating eight of the mottos in
question, seven of which were in a four-volume set of books from Benjamin Franklin’s library, Edwin
Wolf II, wrote to Eric, “I hit pay dirt for you.” A number of these Continental Currency notes, all the more
interesting because of Eric’s extensive elucidations, appear in this Session 1 catalog.
Session 2, encompassing Eric’s Missouri collection, commences with fascinating, hand-accomplished
scrip issued in the pre-banking, early fur-trading days; moves forward with territorial bank notes featuring
the iconic “beaver bill”; progresses to early statehood currency whose validity was disputed before the
Supreme Court; and ends with the Civil War Union and Secession notes.
In these two research catalogs, we have endeavored to build upon the foundation of Eric P. Newman’s
many years of continuing scholarship, hoping to attain that numismatic nirvana that he has surely achieved.
Bruce Roland Hagen, Lead Cataloger and Researcher
Maureen Levine, Assistant Cataloger, Researcher, and Catalog Editor
Stuart Levine, Catalog Editor
October 2017
We would like to express our appreciation to the following:
Heritage Marketing: Denice Brackemyre, Robin Enriquez, Mary Hermann
Heritage Photography, Imaging and Production Management: Jose Berumen, Laura Bosse, Frank Clark, Jim Fitzgerald, Randle
Hudson, Bob Moon, Belem Rodriguez, Matthew Tinsley, Sonia Tosh, and Doris Villareal
Newman Money Museum: Tom Serfass, Curator
Newman Numismatic Portal: Len Augsburger, Coordinator
We would also like to thank Douglas Mudd, Curator of the American Numismatic Association Money Museum
Order of Auction
start end start end
Session One

Colonial Notes 28001 28169
Continental Currency 28170 28210

OBSOLETES BY STATE
Arkansas 28211
Illinois 28212 28215
Massachusetts 28216
Ohio 28217 28218
Oklahoma 28219 28222
Texas 28223
Utah 28224 28226
Wisconsin 28227
Obsolete Currency Sheets 28228 28229

CONFEDERATE NOTES 28230 28247

LARGE SIZE TYPE NOTES
War of 1812 28248
Legal Tenders 28249 28260
Compound Interest Note 28261
Refunding Certificate 28262
Silver Certificates 28263 28276
Treasury Notes 28277 28279
Federal Reserve Bank Notes 28280 28285
Federal Reserve Notes 28286 28291
Gold Certificates 28292 28293

NATIONAL BANK NOTES
Illinois 28294
Missouri 28295 28314

Demand Note 28315

Session Two
28316 28591
See separate Volume 2 catalog

Session Three

Internet Only Session 29001 29393
No Floor Bidding

Session Three
29394 29624
Continued
See separate Volume 2 catalog

SESSION 1
Wednesday, November 1, 2017
Selections from the
ERIC P. NEWMAN COLLECTION
PART VIII, VOLUME 1
COLONIAL NOTES

Stunning and Likely Unique Connecticut 1733 Redated
May 8, 1746 Bill of Credit-The Newman Plate Note
28001 Colony of Connecticut July 10, 1733 Redated May 8, 1746 2 Shillings 6 Pence Fr. CT-42c. PCGS About New 50 Apparent.
Eric P. Newman’s studies into the most challenging areas of American numismatics are legendary. Despite there being relatively few examples
to examine or obtain (especially compared to even the rarest series of Colonial coins), his discussions about the “Tall” Bills of Credit from New
England in The Early Paper Money of America are illuminating and concise. Due to their great rarity, these early Colonial bills have generally been
the domain of advanced students, such as F.C.C. Boyd, T. James Clarke, Roper, and Newman. The final disposition of the Boyd Bills of Credit in
May 2004 (Ford Part III) was a significant event and included many unique “Tall” bills. Many of the rarest are from Connecticut. The first New-
man Part VI currency sale (April 2015) included three different early Connecticut bills. This is from an interesting series of notes that often were
cut into fractions and circulated as change. The typeset back incorporated these fractional denominations into the engraving to facilitate this
officially sanctioned practice. The face plate engraved by Nathaniel Mors originated in 1733 and had four subsequent engraved re-dates, with
this being the final. Printed on laid paper by Timothy Green, this note has a very stylish face design with a gorgon head centered between fine
filigree across the top. The obligation is below in a cartouche, with a cock vignette at the bottom center to help identify the denomination. At the
lower left is the Connecticut coat of arms. The block printed back shows type ornaments all around with obligation, fractional denominations
in the corners, and imprint within. This bold example is exceedingly rare at a minimum and likely unique. To our knowledge, it is the only note
from the series extant. None with this final redating were in the Boyd collection. It is the plate note in Eric P. Newman’s reference, The Early
Paper Money of America, fifth edition (page 102). It is also illustrated on the color plates of that reference (page 42). The extraordinary printing
clarity on both sides exemplifies its strong details. Noted are “Small Repaired Edge Splits; Stains; Minor Hinge Remnants on Back.” Those minor
detriments are eclipsed by its sharpness and originality. A stunning Connecticut bill boasting the highest rarity and stature.
Ex: Eric P. Newman Numismatic Education Society (12,000-24,000)
8 To view full descriptions, enlargeable images and bid online, visit HA.com/3547