||Pennsylvania Bank of North America August 6, 1789 3 Pence or $3/90 Fr. PA-274, Haxby PA-465 G16, Newman page 364. PCGS Choice New 63. The second denomination from this important series and issued by the first bank chartered by Congress. Like the penny, this three pence is distinctive and was essential in making change before the United States Mint commenced operations. This small typeset bill has ornate face borders and the engraved signature of Tench Francis in block letters. It was printed on white woven paper, but with a striking back showing polychrome marbling, a technique also used on the early French issue U.S. Loan certificates (Anderson-Smythe US-1). The James Whatman-made paper was brought back by Benjamin Franklin to his grandson's printing shop. Dual denominations show "Three Pence" and THREE/NINETIETHSofaDOLLAR. The ornate back has a framed pattern at the center surrounded by floral ornaments; the imprint reads: "Printed by B[enjamin]. F[ranklin]. BACHE." A superior example, and finer than the two previous Newman Collection examples we cataloged and sold. A full sheet margin is at the top; therefore, the beautiful polychrome marbling almost completely fills the back. An early American classic issued by a historic bank, and with an important Benjamin Franklin association. Ex: Eric P. Newman Numismatic Education Society.
From Newman X (Heritage Auctions, November 2018), lot 20036, realized $3840.