| Description |
Rhode Island General-Treasurer October 7, 1778 10 Pounds "calling in...Bills of Credit...within Three Years at 6%" Fr. RI-273 Anderson-Smythe RI-10. PCGS Very Fine 35 Apparent. This is a third series of interest bearing notes that was meant to circulate as currency with endorsement. Printed on laid paper and large format with wide margins and wavy cutting on its left indented design. The obligation enacted was for calling in the "outstanding Bills of Credit" and paid 6% interest within "Three Years." Fully issued to James Adams and endorsed on the back. Signed by Joseph Clarke at the bottom right. Extremely rare. This is the Anderson-Smythe plate note, provided courtesy of Eric P. Newman. It was the Newman plate note until the color image of the Boyd note replaced it in the 5th edition. That is the only other example of this type we have seen, and it realized $3,220 in October 2006 at Ford XV. It is listed as Rarity-8 (1-3 known) in Anderson. Noted with "Edge Splits; Stains" by PCGS. A great rarity and key type. Ex: Eric P. Newman Numismatic Education Society
Realized $3760.00. Newman VII (Heritage Auctions, 10/2015), lot 18207. Description courtesy of Heritage Auctions. |
