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Image Information

Type Currency
Title $80
Date 1777 (Handwritten Dates and Denominations)
Country U.S.
Grade Very Fine 35
Service PCGS
Denomination $80
Description Rhode Island General-Treasurer 1777 Written Dates "March 19, 1777" $80 "at 4%...within Five Years" Fr. RI-263 Anderson-Smythe RI-9. PCGS Very Fine 35 Apparent. This is another very rare Rhode Island note type and was clearly meant to circulate with endorsements. Printed on laid paper on a size similar to Continental Currency notes, this 4% interest bearing note was payable within five years. Arms are at left and a fancy border is all around. It was issued to Stephen Mumford and endorsed by him on the back. Not often encountered, the type appeared by chance in a Coin Galleries auction consigned by the Museums at Springfield, Massachusetts. The Boyd Collection had only one example (the present Newman plate note), which sold in Ford XV. Despite staining, it realized $3,450. This example has two inkblots on the back that show to the face. Noted with "Edge Splits and Tears; Ink Stains." The more attractive $40 written denomination of this type sold in the Newman Part VI sale for $3,055. This might be unique as a written $80 denomination. Ex: Eric P. Newman Numismatic Education Society Realized $2585.00. Newman VII (Heritage Auctions, 10/2015), lot 18206. Description courtesy of Heritage Auctions.
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