| Description |
Pennsylvania Bank of North America August 6, 1789 1 Penny or $1/90 Fr. PA-273, Haxby PA-465 G8, Newman page 364. PCGS Very Choice New 64. Popularly collected with Colonial and Obsolete currency, this is an intriguing type issued by the first bank chartered by Congress. These distinctive small bills were essential for making change before the United States Mint became operational in 1793. This small typeset bill has ornate face borders and the engraved signature of cashier Tench Francis in script. It was printed on white woven paper on the same sheet as the 3 pence notes showing polychrome marbling. The paper was manufactured by James Whatman of London and brought back by Benjamin Franklin to his grandson's printing shop. Dual denominations show "One Penny" and "One Ninetieth of a Dollar." The ornate back has a framed pattern at the center surrounded by floral ornaments; the imprint (upside down) reads: "Printed by B[enjamin]. F[ranklin]. BACHE." Plate A. This is a very nicely margined example and nearly a Gem. Ex: Eric P. Newman Numismatic Education Society.
From Newman X (Heritage Auctions, November 2018), lot 20035, realized $660. |
