||Iceland � Denmark Exchange & Mortgage Bank Overprinted 1 Rigsdaler 1792 P-A5c. PCGS Fine 12 Apparent. An unusual and rare Scandinavian dollar note from the Newman Collection. The original host note printed for Danish use is dated 1792 and has a blank back. Special overprinting was done on the back with an additional obligation and payable in "....Islandi." The note is signed on the face and countersigned on the overprinted back. Printed on thick paper. Showing the standard face style for Danish notes from the period, with the emblem at top, fancy left end, and obligation across. This example was stamped on the face with a large "B" in a circle, allowing it to circulate in "friendly" areas under Danish control. Because Denmark supported Napoleon, much Danish paper money was seized by Napoleon's adversaries in this period . Unstamped notes were rendered unredeemable. Noted with "Edge and Internal Splits, Tears, and Repairs." The note faces up well and has a very sharp "B stamping. Rare, unusual, and historic. Ex: Eric P. Newman Numismatic Education Society.
From Newman X (Heritage Auctions, November 2018), lot 20004, realized $1320.