NNP

Rhode Island March 18, 1750/51 Redated 1755 1 Dwt. 13.5 Gr. (5 Shillings Old Tenor) Fr. RI-60b. PCGS Very Fine 25 Apparent. The fourth and final early Rhode Island Bill of Credit rarity cataloged in this sale and the Newman Plate note illustrated on page 390 of the fifth edition. This redated issue was not in the Boyd collection, and the present example is the only redated 1755 note we have observed. A "tall" style note printed on two sides on laid paper. The face has a complex obligation within a fancy cartouche, and the bottom shows the Rhode Island coat of arms with the anchor of Hope. The issue was backed with sterling alloy and denominated on the face by weight. The "1755" redate is adroitly placed at the lower left of the cartouche. Within the ornamental frame on the back, its "Old Tenor" equivalent was denominated and "Crown-Point," which this "loan bill" was meant to finance, is printed. The note saw some circulation, but is very attractive overall. Noted with "Edge Splits and Tears; Minor Rust Stains." The bill has a full, untrimmed appearance and is strongly printed and bright for the grade. This is the only example from the issue we have seen and presents another important opportunity to bid upon a great rarity. A fitting crescendo to this outstanding quartet of Newman-plated Rhode Island bills cataloged for the first time. Ex: Eric P. Newman Numismatic Education Society

From Newman VIII (Heritage Auctions, 11/2017), lot 28133, realized $9000. Image and description courtesy of Heritage Auctions, https://ha.com.