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V19 2016 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 19, Number 19, May 8, 2016, Article 21

HERITAGE NEWMAN INTERNET PART 1 SALE RESULTS

Bruce Hagen provided these highlights from the recently-concluded May 4th Heritage internet-only sale of items from the Eric P. Newman collection. Thanks. -Editor

Newman May 2016 Internet sale Wednesday May 4, 2016 unleashed auction enthusiasm that rivaled public paper currency sales of legendary times past as 100’s of buyers and likely ten times the number of active bidders rollicked through the 1,500 plus lots of American paper currency. That was despite no auction room, auctioneer or floor bidders. Instead the now of auctions with bidders globally networked on a level playing field competed for fascinating notes from the Eric P. Newman collection. Most were never offered for public sale before and boasting many unique items. Many of these could be obtained by eager specialists reasonably when compared to similar mainstream coin rarities. There was something for everyone and in all price ranges. Colonial, Continental, Obsolete, Confederate and Small Size Federal notes met with great energy. It was clear from the start that bidders relished a bidding format with $1 and up start prices, unrestricted and unreserved bidding, coinciding with well researched, cataloged, and imaged items. The sale brought just over $800,000 with the buyers premium, well above pre-sale expectations.

Highlights Include:

Lot 86071 at $4,465.00

Massachusetts Bay December 17, 1775 note front Massachusetts Bay December 17, 1775 note back

Massachusetts Bay December 17, 1775 14 Shillings Fr. MA-183. PCGS Very Fine 30 Apparent.

This is a bold and attractive second series "Sword in Hand" note. The surfaces on both sides are clean and pleasing, it is well margined on all sides and the signatures are sharply accomplished. The patriot vignette is exceptionally well detailed and is centered perfectly upon the handsome, high-quality paper. There are only some noted "Small Edge Tears at Right," but this is an exceptional example. Very few Swords are so appealing, and this is a splendidly rendered Revere copperplate engraving.

To read the complete lot description, see:
Bold and Attractive December 7, 1775 "Sword in Hand" Note (http://currency.ha.com/itm/colonial-notes/massachusetts-bay-december-17-1775-14-shillings-fr-ma-183-pcgs-very-fine-30-apparent/a/241618-86071.s?ic4=GalleryView-ShortDescription-071515) Massachusetts Bay December 17, 1775 14 Shillings Fr. MA-183.

Highlights Include;

Lot 86204 at $6,462.50

North Carolina May 17, 1783 20 Shillings Contemporary Counterfeit Type Pair North Carolina May 17, 1783 20 Shillings Contemporary Counterfeit court document

North Carolina May 17, 1783 20 Shillings Contemporary Counterfeit Type Pair mounted to Court Document Fr. NC-206a and NC-206b. PCGS Encapsulated.

This is a unique and fascinating primary source document that provides a view into counterfeiting in the early Confederation period North Carolina. Two different contemporary counterfeit notes affixed to it on the docketed side (opposite the textual portion). Both notes are affixed with glue and are both emblem types (Ships and Justice) of the May 17, 1783 20 Shilling notes. Each is penned "Counterfeit" on the face. The false 20 Shillings "Justice" appears to be a well-defined Very Fine note. The false 20 Shillings "Crown and Book" has a small piece off the edge, otherwise it appears to be Fine or so condition.

The notes are perpendicular to the docket text across in the center segment. The legal text is fascinating. And the phrase referring to the "utter[er] and pass[er]" of the notes, Henry Ebon Sears as "a person of evil name and fame and dishonest conversation," reflects that there were bad guys in all periods of history. The 40 shillings was a considerable sum of money, and counterfeits from this series were a plague on local commerce. The document is folded into six parts, and has some petty edge splits. As a document, in Fine or better condition. A unique and historic item and with two rare and desirable contemporary counterfeit notes. The document and transcription may be viewed on the Heritage website.

To read the complete lot description, see:
North Carolina May 17, 1783 20 Shillings Contemporary Counterfeit Type Pair mounted to Court Document (http://currency.ha.com/itm/colonial-notes/north-%20carolina/north-carolina-may-17-1783-20-shillings-contemporary-counterfeit-type-pair-mounted-to-court-document-fr-nc-206a-and-nc-206b/a/241618-86204.s)

Lot 86382 at 7,637.50

Bank of the State of Alabama at Huntsville $5 Post Note Jan. 1, 1836

Huntsville, AL - Bank of the State of Alabama at Huntsville $5 Post Note Jan. 1, 1836 AL-5-G152 SENC Rosene 3-UNL. PCGS Fine Very Fine 20 Apparent.

An exceptionally important and interesting note on several levels. Not only is it an extremely rare type from the Huntsville branch, it was also payable at the Bank of Louisiana in New Orleans. This is a beautifully engraved note by Draper, Toppan, Longacre & Co. Aurora, seated in a chariot at the top center, is cupped into the title. Upper corner vignettes represent Industry at the left and Agriculture at the right. Showing sharp pen signatures and issued to be paid "Ninety" days after date. A solid note with only some "Minor Stains" in the center noted. We have sold just one proof of this branch denomination design type, but never an issued note with this style. A key Alabama tie note type that will appeal to collectors from both states.

To read the complete lot description, see:
Huntsville, AL - Bank of the State of Alabama at Huntsville $5 Post Note Jan. 1, 1836 (http://currency.ha.com/itm/obsoletes-by-%20state/alabama/huntsville-al-bank-of-the-state-of-alabama-at-huntsville-5-post-note-jan-1-1836-al-5-g152-senc-rosene-3-unl-pcgs-fine-v/a/241618-86382.s)

Lot 86751 at $1,410.00

Nantucket, MA - Nantucket Bank $3 May 10, 1806 note

Nantucket, MA - Nantucket Bank $3 May 10, 1806 Contemporary Counterfeit MA-855 C14, Newman Page 220. PCGS Very Fine 30 Apparent.

A very scarce type listed in The Early Paper Money of America (Fifth Edition), by Eric P. Newman on page 220, where it is the plate note. The early bank was founded in 1795, but had its affairs settled by 1816. We have never encountered a genuine note or a proof from the bank. This type is one of the most intriguing from the early Obsolete note-issuing period.

This note shows a perpendicular, spouting whale on which is a downward-facing "3" balanced by the upward facing "3" at the right end. The end panel at left shows BANK, which looks like it was fashioned from rope. Counters with the number, text, and Roman numerals are on differently shaped, shaded backgrounds. Texts and obligations are across. "Pen Cancelled" with "Tape Repaired Edge Tears." However, this is an iconic type, and the Newman plate note stature adds to its desirability. An essential member of this early banking period's notes.

To read the complete lot description, see:
Nantucket, MA - Nantucket Bank $3 May 10, 1806 Contemporary Counterfeit MA-855 (http://currency.ha.com/itm/obsoletes-by-state/massachusetts/nantucket-ma-nantucket-bank-3-may-10- 1806-contemporary-counterfeit-ma- 855-c14-newman-page-220-pcgs- very-fine-30-apparen/a/241618-86751.s)

Lot 87156 at $11,162.50

Logan, UT - Goodwin Brothers 10 Cents October 1, 1877

Logan, UT - Goodwin Brothers 10 Cents October 1, 1877 Rust 163, Nyholm 259. PCGS Fine 12.

An epic private scrip note from Utah, and possibly the only example known in private hands. The plate notes in Rust and Nyholm are photocopies from the Church Collection archives. The two issued notes pictured are harshly pen cancelled in the face. Not only is this uncancelled note, but the condition is marvelous.

Printed on white paper in green with a curving title across the top, counter and obligation at the upper right, left serial numeral block and city at lower left printed in red. A pattern border is all around with flourish details in the inside corners. Gothic "Ten Cents" is across with red "In Merchandise" below. A large green "10" is at top center under the title. The signature and serial number 14 are of excellent quality. The note is uniformly toned, but this is a Mormon private note treasure. There was intense competition in the October 2015 Newman Part VII sale for notes of equal or even lesser rarity. This is one of the key private scrip notes from the Newman Collection and deserves thoughtful interest from serious Mormon note specialists.

To read the complete lot description, see:
Exceedingly Rare Goodwin Brothers, Logan Scrip (http://currency.ha.com/itm/obsoletes-by-state/utah/logan-ut-goodwin-brothers-10-cents-october-1-1877-rust-163-nyholm-259-pcgs-fine-12/a/241618-87156.s)

Lot 87157 at $9,987.50

Provo Manufacturing Company 10 Cents December 1, 1874

Provo, UT - Provo Manufacturing Company 10 Cents December 1, 1874 Rust UNL, Nyholm UNL. PCGS Fine 15.

An amazing Western territorial period scrip note, which we believe to be previously unreported. The note is unlisted in Rust and Nyholm, and more remarkably, it is in beautiful condition. Printed on white paper and similar in style to many Mormon scrip notes from the period. Green printing with red overprints and details. Ornamental bordering with vine-like details is all around. The title is across top center, and directly below, the engraved WHOLESALE has been blocked out in red. At lower center is a red protector TEN CENTS above IN PROVO MANUFACTURING COMPANY'S CLOTH in small print. Dated to bottom left and with a very sharp signature. Some minor purple crayon on the back does not show to the face.

All four Provo scrip notes sold in the October 2015 Newman Part VII sale exceeded $5,000 each with ease. This note is clearly in that league, and some might argue, superior to them. The highest competitive bidder will obtain this prize Mormon scrip note of exceptional character and condition.

To read the complete lot description, see:
Provo, UT - Provo Manufacturing Company 10 Cents December 1, 1874 (http://currency.ha.com/itm/obsoletes-by-state/utah/provo-ut-provo-manufacturing-company-10-cents-december-1-1874-rust-unl-nyholm-unl-pcgs-fine-15/a/241618-87157.s)

Lot 87256 at $2,585.00

Northhousen, WI - Buffalo County Bank $1

Northhousen, WI - Buffalo County Bank $1 185_ WI-600 G2a. Proof. PCGS Very Choice New 64.

An important proof from one of Wisconsin rarest banks. This is an exceptionally graphic India paper proof engraved and printed by Toppan, Carpenter & Co., New York & Phila. from a $1A-$1B-$5-$10 configured sheet. This is the last available proof in private hands. The bank never opened, but spared no expense in producing one of the most visual Badger State series. The $1 proof uses a vermillion title at the left and large color counter at the upper right. At the bottom left is a wide hunting scene set on the plains, showing the moment the Indian on his galloping horse spears the buffalo. At the upper right, two beavers busily gnaw on branches. Hole Punch Cancelled as made.

The "A" position proof in the same grade sold in our Newman Part VI sale in April 2015 for $4,700. This note is tremendous in all regards, particularly because of the title and complementing vignette. The plate note in both reference works is an unavailable proof archived in Madison. The color is extraordinarily bold and vibrant.

To read the complete lot description, see:
Northhousen, WI - Buffalo County Bank $1 185_ WI-600 G2a. Proof. (http://currency.ha.com/itm/obsoletes-by-state/wisconsin/northhousen-wi-buffalo-county-bank-1-185-wi-600-g2a-proof-pcgs-very-choice-new-64/a/241618-87256.s)

The view the entire sale and its results go to Heritage Auctions at:
http://currency.ha.com/c/auction-home.zx?saleNo=241618&ic=breadcrumb-currency-121913-interior

THE BOOK BAZARRE

RENAISSANCE OF AMERICAN COINAGE: Wizard Coin Supply is the official distributor for Roger Burdette's three volume series that won NLG Book of the Year awards for 2006, 2007 and 2008. Contact us for dealer or distributor pricing at www.WizardCoinSupply.com .


Wayne Homren, Editor

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