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LOT 0095

Colonial Currency NY April 18, 1786 5s PCGS VF-20

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New York Currency
Genuine April 18, 1786 New York "EXCELSIOR" in White New York Arms Note Designs Engraved by Peter Maverick
State of New York, April 18, 1786, Genuine, Five Shillings with "EXCELSIOR" shown in White and Arms of New York vignette, Engraved design elements by Peter Maverick, Printed by Samuel Loudon, PCGS graded Very Fine-20.
Fr. NY-222. An exceedingly rare 1786 New York issue uniface note "Printed by S. Loudon." Only about six "Genuine" note are known to exist. Black printed text and designs on laid period paper. The PCGS holder states that this note has apparent restorations and some parts of the design and signatures redrawn. Upon close inspection, this cataloger finds the signatures to be original and as written with the brown ink signatures of Jonathan Lawrence and William Heyer are fully readable. This issue is located on page 292 in the (2008) 5th Edition of Newman, there reporting that a lower quality example graded "Fair" sold for $1,265 in October 2006. This entire issue is not valued in any grade, due to its extreme rarity. We previously offered this exact note in our EAHA auction of February 13, 1999 Lot 456 where it sold for $1,380. An exceedingly rare issue lacking in most, even very advanced New York Currency collections.
The New York Act authorized the Treasury to print 200,000 in Bills of Credit, to be emitted and to be receivable for taxes due. These April 18, 1786 notes were to be redeemed back to the Treasury by June 1800. Therefore, any currently still existing are extremely rare. The face design includes the new, recently created, "State of New York" coat of arms for which the noted NY engraver Peter Maverick himself engraved the major of the design elements for this series. All notes from this late State of New York issue, even contemporary counterfeits, are very rare. Few genuine bills still exist, with only about a half dozen examples thought to have been reported.
KEYWORDS:
Rare Currency, Colonial Currency, Historic Paper Money, Early Paper Money of America, New York Colonial Currency, Revolutionary War Paper Money, Colonial America, Printing Paper Money, New York Fiscal Paper Note, Engraved Paper Money, New York Currency

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14 May 2022
USA, Rancho Santa Fe, CA
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[ translate ]

New York Currency
Genuine April 18, 1786 New York "EXCELSIOR" in White New York Arms Note Designs Engraved by Peter Maverick
State of New York, April 18, 1786, Genuine, Five Shillings with "EXCELSIOR" shown in White and Arms of New York vignette, Engraved design elements by Peter Maverick, Printed by Samuel Loudon, PCGS graded Very Fine-20.
Fr. NY-222. An exceedingly rare 1786 New York issue uniface note "Printed by S. Loudon." Only about six "Genuine" note are known to exist. Black printed text and designs on laid period paper. The PCGS holder states that this note has apparent restorations and some parts of the design and signatures redrawn. Upon close inspection, this cataloger finds the signatures to be original and as written with the brown ink signatures of Jonathan Lawrence and William Heyer are fully readable. This issue is located on page 292 in the (2008) 5th Edition of Newman, there reporting that a lower quality example graded "Fair" sold for $1,265 in October 2006. This entire issue is not valued in any grade, due to its extreme rarity. We previously offered this exact note in our EAHA auction of February 13, 1999 Lot 456 where it sold for $1,380. An exceedingly rare issue lacking in most, even very advanced New York Currency collections.
The New York Act authorized the Treasury to print 200,000 in Bills of Credit, to be emitted and to be receivable for taxes due. These April 18, 1786 notes were to be redeemed back to the Treasury by June 1800. Therefore, any currently still existing are extremely rare. The face design includes the new, recently created, "State of New York" coat of arms for which the noted NY engraver Peter Maverick himself engraved the major of the design elements for this series. All notes from this late State of New York issue, even contemporary counterfeits, are very rare. Few genuine bills still exist, with only about a half dozen examples thought to have been reported.
KEYWORDS:
Rare Currency, Colonial Currency, Historic Paper Money, Early Paper Money of America, New York Colonial Currency, Revolutionary War Paper Money, Colonial America, Printing Paper Money, New York Fiscal Paper Note, Engraved Paper Money, New York Currency

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Sale price
Unlock
Estimate
Unlock
Time, Location
14 May 2022
USA, Rancho Santa Fe, CA
Auction House
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