INDENTED BILLS FROM THE COLONY OF NEW YORK 1709

New York Currency
"INDENTED BILLS FROM THE COLONY OF NEW YORK 1709" an Original 1956 "Wayte Raymond" Signed Letter with Custom Leather Folio Containing a Gem Crisp Pair of May 31, 1709 New York 5 Shillings & 10 Shillings Colonial Tall Notes Friedberg Reference NY-1 and NY-2
Colony of New York, Pair of May 31, 1709 Issue Notes together in an Original Custom "Wayte Raymond" Embossed Decorative Gold Gilt Titled Red Morocco Leather Folio, Containing "Mated" Five Shillings and Ten Shillings Tall Notes, Signed by Three Colonial Mayors of New York City, both Gem Crisp Uncirculated.
Fr. NY-1 & NY-2. An exceptional "Presentation Pairing" of Colony of New York May 31, 1709 Act 5 Shillings and 10 Shillings issued Gem Crisp Uncirculated notes enclosed in a Custom-Made Leather Holder with Gold Gilt enbossed lettering reading, "INDENTED BILLS FROM THE COLONY OF NEW YORK 1709". This folio created by the noted numismatist and dealer Wayte Raymond, being a custom presentation folio. The 5s and 10s New York notes are each in incredible "as made" fresh vivid condition. These two notes were archivally attached for presentation with a strip of gauze. The gauze appears easily removable, leaving two indivudual notes as desired. Somewhat a moot point, as it is unlikely any collector would ever wish to alter them from their current presentation, intended by Wayte Raymond. This outstanding Pair of notes in their custom folio were sold by dealer Wayte Raymond to Maurice Burgett in July of 1956. This lot includes the July 9, 1956 handwritten autographed letter Raymond wrote to collector Burgett from his summer house in Montauk, Long Island, NY, on Ramond's personal letterhead. Raymond writes, in full:
"Dear Mr. Burgett, -- I have been very ill for the last year so not [sic] letters written. This folder was part of a find made a long time ago by a New York book or autograph dealer. The binder looks like about 1870. It had been in my collection for about forty years. This is all I know except that one of such formally used to come up in important book sales years ago. If you have any other questions please send to John as I am not up to letters. - (Signed) Sincerely, Wayte Ramond."
The original transmittal Air Mail postal envelope the letter was enclosed in is also with the lot circular postmarked: "MONTAUK JUL 10 1956". Also enclosed with this lot is a light cardstock measuring 2.75" x 9" with typed information apparently used by Mr. Burgett in an exhibit of his rare 1709 Colonial New York notes and presentation folder.
Both 1709 Tall Notes bear the clear bold signatures of Three Colonial Mayors of New York:
1. Johannes De Peyster, Mayor in 1698
2. Robert Walter, Mayor of New York in 1720
3. Robert Lurting, Mayor of New York in 1726 and again in 1734 (Lurting Avenue in the Bronx is named for him).
The folder itself is essentially in as made condition save for a few very minor surface scuffs and wear. It is a maroon color and clearly leather with a red cloth interior and a matching red silk ribbon holding the notes in place. In his exhibit description, Burgett refers to it as a "Red Morocco Folder." Morocco leather is basically a catch phrase for any high grade soft leather which this certainly is.
Of the two auction records for comparable notes was a 5s PCGS EF-40 which auctioned for $12,650 in September 2009 and a PCGS New-62 10s, selling at that same auction for $13,225. While the two rare notes are treasures in and of themselves, yet this whole package, together with the original correspondence and the custom made folder, should add a considerable premium being in its original state when first sold in 1956. The only example we have offered. (2 notes)
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 Paper Money, New York Mayor