NNP

Colony of Connecticut July 10, 1733 Redated May 8, 1746 2 Shillings 6 Pence Fr. CT-42c. PCGS About New 50 Apparent. Eric P. Newman's studies into the most challenging areas of American numismatics are legendary. Despite there being relatively few examples to examine or obtain (especially compared to even the rarest series of Colonial coins), his discussions about the "Tall" Bills of Credit from New England in The Early Paper Money of America are illuminating and concise. Due to their great rarity, these early Colonial bills have generally been the domain of advanced students, such as F.C.C. Boyd, T. James Clarke, Roper, and Newman. The final disposition of the Boyd Bills of Credit in May 2004 (Ford Part III) was a significant event and included many unique "Tall" bills. Many of the rarest are from Connecticut. The first Newman Part VI currency sale (April 2015) included three different early Connecticut bills. This is from an interesting series of notes that often were cut into fractions and circulated as change. The typeset back incorporated these fractional denominations into the engraving to facilitate this officially sanctioned practice. The face plate engraved by Nathaniel Mors originated in 1733 and had four subsequent engraved re-dates, with this being the final. Printed on laid paper by Timothy Green, this note has a very stylish face design with a gorgon head centered between fine filigree across the top. The obligation is below in a cartouche, with a cock vignette at the bottom center to help identify the denomination. At the lower left is the Connecticut coat of arms. The block printed back shows type ornaments all around with obligation, fractional denominations in the corners, and imprint within. This bold example is exceedingly rare at a minimum and likely unique. To our knowledge, it is the only note from the series extant. None with this final redating were in the Boyd collection. It is the plate note in Eric P. Newman's reference, The Early Paper Money of America, fifth edition (page 102). It is also illustrated on the color plates of that reference (page 42). The extraordinary printing clarity on both sides exemplifies its strong details. Noted are "Small Repaired Edge Splits; Stains; Minor Hinge Remnants on Back." Those minor detriments are eclipsed by its sharpness and originality. A stunning Connecticut bill boasting the highest rarity and stature. Ex: Eric P. Newman Numismatic Education Society.

From Newman VIII (Heritage Auctions, 11/2017), lot 28001, realized $16,800. Image and description courtesy of Heritage Auctions, https://ha.com.