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LOT 0092

Colonial NY Albany June 22, 1775 10s PCGS VF-25

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New York Currency
Rare June 22, 1775 New York City of Albany Ten Shillings Personal Promissary Note of Only 500 Total Value Issued
New York, City of Albany, June 22, 1775, Ten Shillings, Personal Promissary Note of the Committee of Correspondence, PCGS graded Very Fine-25.
Fr. NY-1713. Colonial notes emitted on this entire issue are listed as "VERY RARE" in the Friedberg Paper Money reference and not priced in any grade there, due to their rarity. Extremely rare as only a mere 500 in value of personal Promissory Notes of the Committee of Correspondence of the City and County of Albany was authorized on June 22, 1775. The 1990, 5th Edition Newman reference plate illustration shown on page 285 for this issue looks very close to this current note. Newman also provides an aggressive value of $4,500 in Fine, being the highest quality condition listed. Both the Newman Plate and this current note show some splits and general circulation and conservation, each having the same three signers. The note's holder states restorations, design and signatures redrawn, as it has a deft sealed centerfold and edge splits, the corner tips and outer side borders are expertly restored with general conservation including the partially redrawn last few letters of the concluding signature. The printed text appears bold black and sharp, the text easily readable. This note compares to the (2008) 5th Edition Newman plate note illustrated on page 285. Both of these notes have the top signature written in red, and mostly faded. An extreme rarity needed for type in most Colonial Currency and New York paper money collections.
KEYWORDS:
Rare Currency, Colonial Currency, Historic Paper Money, Early Paper Money of America, New York Currency, Revolutionary War Paper Money, Colonial America, Printing Paper Money, New York Fiscal Paper Note, Albany New York

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Time, Location
14 May 2022
USA, Rancho Santa Fe, CA
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New York Currency
Rare June 22, 1775 New York City of Albany Ten Shillings Personal Promissary Note of Only 500 Total Value Issued
New York, City of Albany, June 22, 1775, Ten Shillings, Personal Promissary Note of the Committee of Correspondence, PCGS graded Very Fine-25.
Fr. NY-1713. Colonial notes emitted on this entire issue are listed as "VERY RARE" in the Friedberg Paper Money reference and not priced in any grade there, due to their rarity. Extremely rare as only a mere 500 in value of personal Promissory Notes of the Committee of Correspondence of the City and County of Albany was authorized on June 22, 1775. The 1990, 5th Edition Newman reference plate illustration shown on page 285 for this issue looks very close to this current note. Newman also provides an aggressive value of $4,500 in Fine, being the highest quality condition listed. Both the Newman Plate and this current note show some splits and general circulation and conservation, each having the same three signers. The note's holder states restorations, design and signatures redrawn, as it has a deft sealed centerfold and edge splits, the corner tips and outer side borders are expertly restored with general conservation including the partially redrawn last few letters of the concluding signature. The printed text appears bold black and sharp, the text easily readable. This note compares to the (2008) 5th Edition Newman plate note illustrated on page 285. Both of these notes have the top signature written in red, and mostly faded. An extreme rarity needed for type in most Colonial Currency and New York paper money collections.
KEYWORDS:
Rare Currency, Colonial Currency, Historic Paper Money, Early Paper Money of America, New York Currency, Revolutionary War Paper Money, Colonial America, Printing Paper Money, New York Fiscal Paper Note, Albany New York

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