|Date||February 14, 1743|
|Service Catalog #||5120541|
Rhode Island February 14, 1743 2 Shillings 6 Pence Fr. RI-54a. PCGS Extremely Fine 45. This is a stellar "Tall" Bill of Credit from Rhode Island and the Newman plate note illustrated on page 384 of the fifth edition and on the color plates on page 48. One of the most riveting Colonial notes in the Newman Collection, its beautiful face appears to have been printed yesterday. Authorized by the General Assembly from South Kingstown and known as the Eighth Bank. The engraved face plate, which was subsequently redated for a few more issues, is one of the most handsomely designed plates in the 1690-1750 New England Bill of Credit issuing period. The cartouche occupying the top two thirds of the note contains the obligations; the sides show floral details; the Rhode Island anchor motif symbolizing Hope is at bottom center; and the top displays fancy engraved details in the corners with "Half a Crown" in the center. Outside of the cartouche, at the bottom left, are the Royal Arms with the Garter crest and motto at center. The back is simpler, with an ornamental square cartouche composed of mixed types such as crowns, urns, plumes and roses. At center is "Half a Crown / equal to / Ten Shillings / Old Tenor." A very bold note with three clear signatures and serial no. 12908 at the lower right. A deeply inked, strong plate was used to print this note. Margins are complete to broad, and the note is exceptionally well framed. The Boyd collection "Tall" notes sold in Ford Part III had only three different redated plate notes from this February 14, 1743, style. There is only one other known. The John L. Roper collection note sold by Stack's in his second sale on March 20, 1984, realized $3,250 over 33 years ago. That note had splits and faults, netting perhaps near Fine condition. The present example is superior to the Newman Collection 6 pence from the issue graded Extremely Fine 45 Apparent sold in Newman Part VI for $9,693.75. This note is eye-catching and breathtaking. A Colonial coin of this high rarity and condition might merit a six-figure realization. These magnificent "Tall" notes are worthy of the visionary collector's appreciation, awe, and acquisition. This is a priceless treasure from an historic era of early American currency issues. Ex: Eric P. Newman Numismatic Education Society
From Newman VIII (Heritage Auctions, 11/2017), lot 28132, realized $28800. Image and description courtesy of Heritage Auctions, https://ha.com.
|Image Collection||Early Paper Money of America / Rhode Island / 1743/44 February 14|