NNP

South Carolina 1723 10 Shillings Fr. SC-27. PCGS Very Good 10 Apparent. Among the rarest and most important Colonial notes from South Carolina. There are only two notes from the issue known, and both have Newman pedigrees. This is the finer and is the Newman plate note illustrated on page 408 of the fifth edition. The 1723 act authorized 120,000 pounds in Bills of Credit. Although that act was repealed promptly in England, the notes had already been issued. The size format is interesting; it is in a "Tall" Bill of Credit style, but just a bit smaller than what was used in New England. The uniface note was printed on laid paper by a copper plate finely engraved by John Massey. At the top is ornate scrollwork with the obligation underneath and denomination emblem to the right side. At lower left are three plumes with the motto ICH DIEN (I serve) on a scroll. The three signatures are light, but the interesting Hepworth accomplishment used on the 1715 note is visible. Likely unique, as are most early bills of credit, and an important, southern Colonial note. Noted by grading with "Splits, Tears, and Minor Edge Damage" and as "Backed." Most of the printed portions are present and strong. The printing is bold and the plumes emblem sharp and finely detailed. The backing appears contemporary to the note and has an endorsement. The rarity is immense, and this is the final opportunity to bid upon a note from this early issue from the Newman Collection. Ex: Eric P. Newman Numismatic Education Society

From Newman VIII (Heritage Auctions, 11/2017), lot 28139, realized $9600. Image and description courtesy of Heritage Auctions, https://ha.com.