||Continental Currency. February 26, 1777 $5 Newman 1.1 Contemporary Counterfeit Fr. CC-58CF. PCGS Very Fine 25. This is a rare counterfeit type. The back is incorrectly juxtaposed relative to the face. No. 28493. Printed on thin paper. Diagnostics: Newman 1.1: Engraved. On the face: To the left of the penned serial number, the period is missing after No. In the text, the baseline of HIS in THIS slants upward to the right. The comma after DOL-LARS is missing. The period after 1777 is missing. In the motto, the H in AHSTINE is open at the top and bottom; however, in the genuine, the H has been filled in at top and bottom to transform it into an awkward B. The period after DOLLARS under the vignette is missing. On the back: The periods are missing after DOLLARS and SELLERS. The back is in the wrong juxtaposition relative to the face. (The counterfeit bill, when turned horizontally from the face, has the stem of the leaf pointing upward toward the viewer's right, rather than downward toward the viewer's left on the genuine bill.) More rumpled than folded, with a very clean and attractive appearance. The back printing is very distinctive on this example; the only counterfeit identified of this type, and rarely encountered. Note: N.1.2 may exist with the back juxtaposition relative to the face corrected, but it is unconfirmed. Ex: Eric P. Newman Numismatic Education Society.
From Newman X (Heritage Auctions, November 2018), lot 20056, realized $264.