||State of New York February 8, 1788 5 Shillings Fr. NY-230. PCGS Very Fine 30PPQ. This is the last New York State Colonial series and it is extremely rare. The beautiful, partially red color notes are distinctively designed. Printed on two sides, on sturdy paper, by Hugh Gaine, his imprint appearing on the back. Elaborate border cuts, banner with STATE OF NEW YORK across the top, and the sides with textual denomination. On the face, the typeset text is in red; New York Excelsior Arms by Maverick at upper right, with "5 s" below. The vignetted back (180 degrees, coin turn orientation) has ornamental frames around. At the center is a plowshare and agricultural implements by Peter R. Maverick. The counterfeit warning is at the left and the imprint "Printed by H. Gaine" at the right. It is interesting to note that there is more than one plate position of the 5 Shillings note. Comparison to the Newman plate note bears this out, as the top and bottom border cuts are different between the notes. The Newman ex: Boyd plate note also has the imprint "Maverick sc." in the right border cut. Fully signed by McCormick and John DePeyster. This example is cited in the Ford Part XV sale catalog, serial No. 12031, with its sale pedigree from Federal Brand's Blue Ridge Sale in 1965 (estimated at $200, expensive for a Colonial note then). The two Boyd notes realized $12,650 in 2006. This note is superior to both. Another great and visually exciting Colonial note rarity. Ex: Federal Brand Blue Ridge Numismatic Association Sale, August, 1965. Lot 773; Eric P. Newman Numismatic Education Society.
Realized $11,162.50. Newman VI (Heritage Auctions, 4/2015), lot 19522. Description courtesy of Heritage Auctions.