| Description |
South Carolina 1723 5 Shillings Fr. SC-24. PCGS Very Good 10 Apparent. This is among the rarest and most important Colonial notes in the Newman VI sale. Very few notes dated before 1750 still exist. However, those dated prior to 1750 from the southern colonies are even rarer because there were fewer colonies and enactments. The 1723 Act authorized 120,000 Pounds in Bills of Credit. Although it was repealed promptly, the notes had already been issued.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 finely engraved copper plate by John Massey. At the top is ornate scrollwork with the obligation underneath and denomination emblem to the side. Lower left is a crowned rose with signatures to the right. An exceedingly rare and early southern Colonial note. The 1731 South Carolina note sold in Ford III, a wonderful high grade example, realized $50,600 in May 2005. This is Apparent with "Splits, Tears and Damaged; Backed," but there is much to like. Most of the printed portions are present and strong. The backing is contemporary to the note. Considering the technical grade, it is still quite appealing. The rarity is immense and an exhaustive search would be required to find others from this series in private hands. Another note presented for the first time at public auction from the Newman Collection. Ex: Eric P. Newman Numismatic Education Society.
Realized $7,050.00. Newman VI (Heritage Auctions, 4/2015), lot 19548. Description courtesy of Heritage Auctions. |
