| 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. An interesting type from America's first bank, chartered by Congress in 1781. These penny notes have engraved signatures of cashier Tench Francis and were printed by Richard Bache (Benjamin Franklin's son-in-law) on white wove paper imported from London. 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 E. Nine plate positions were used on the twelve-subject sheets, which included four three pence notes along the top. Plate E. A premium example with excellent margins on all sides. Ex: Eric P. Newman Numismatic Education Society.
From Newman X (Heritage Auctions, November 2018), lot 20402, realized $432. |
