SELECTIONS FROM HERITAGE NEWMAN INTERNET PART 1 SALE

Newman Collection Obsolete Currency Does Not Live by Banknotes Alone

The first in a series of Internet-only currency auctions is available for preview and bidding on the Heritage Auctions website. This sale features Colonial, Continental, Obsolete, and Confederate currency as well as modern United States Small Size and Error notes and closes on Wednesday, May 4, 2016. The American Obsolete Currency offered in the sale represents many periods, styles, payable obligations, genres and locations. Though intricately engraved banknotes and proofs often artistically overshadow the private scrip notes, there is no denying their rustic charm and inherent history reflecting the period and purpose of issuance.

Featured below are several of these private scrip notes that demonstrate Eric’s ongoing study in the fascinating Obsolete Currency field.

Lot 86314: 1777 Winchester Private Scrip
The May 5, 1777 Winchester, Virginia James Doudas private note is considered unique; it is plated in both The Early Paper Money of America and the Jones & Littlefield Virginia reference. May 5, 1777 was a date of issuance of Virginia Treasury bills, and the date of this note is likely not a coincidence.

Winchester, in Virginia - F. James Doudas "I promise to pay to the Bearer" May 5, 1777 3 Pence Newman page 448, Jones & Littlefield PW70-04. PCGS Very Fine 20 Apparent.

This Revolutionary War period private scrip note is considered unique, and it is the only example we have encountered. It is both the Newman plate note, illustrated on page 448 of the 5th edition, and the Jones & Littlefield plate note in the Virginia Obsolete Currency book. It has an interesting series date that coincides directly with the date of the handwritten May 5, 1777 notes. Printed on laid paper with ornamental borders. At the left end are planetary signs. The obligation is across with "3d." in a cartouche at lower left.

Eric Schena writes:

To read the complete lot description see:
http://currency.ha.com/itm/colonial-notes/winchester-%20in-virginia-%20f-james-%20doudas-i-%20promise-to-%20pay-to-%20the-bearer-%20may-5-%201777-3-%20pence-newman-%20page-448-%20jones-andamp-%20little/a/241618-86314.s?ic4=GalleryView-%20ShortDescription-071515

Lot 86385: City of Mobile $3

The City of Mobile, Alabama $3 note is an intricate, intaglio engraved municipal scrip note from the Reconstruction period. The vignettes are an unusual hybrid of Union victory and the earlier Southern agrarian economy (sugar cane harvesting and wagon loading).

Mobile, AL - City of Mobile $3 June 1875 Rosene 187E-3. PCGS Choice About New 58.

A striking, bright and vivid Reconstruction era note from Mobile printed by the American Bank Note Co. The oval center vignette shows sugar cane being loaded onto a wagon. Outstanding imagery is exemplified by a dynamic allegory at the left. A female representing Peace (note the two crossed swords on the ground) greets Athena, representing America with the Old Glory. At the right end, a sailor leans on a capstan. There is a large green protector and red overstamp. The back is all green with CITY OF MOBILE at the center. Justifiably, this handsome series is well appreciated by collectors who recognize its rarity and beauty.

To read the complete lot description see:
http://currency.ha.com/itm/obsolete-banknotes/mobile-%20al-city-%20of-mobile-%203-june-%201875-%20rosene-187e-%203-pcgs-%20choice-about-%20new-58/a/241618-%2086385.s?ic4=GalleryView-%20Thumbnail-071515

Lot 86678: Steamer Natchez 50 Cents

Unusual payables frequently make a scrip note intriguing, and the Civil War change notes often served numerous emergency needs. The John Hawkins, Steamer Natchez 50 cents is attributed to New Orleans, though no location is engraved on the note. While the condition is not exceptional, its historical character is certainly top-notch.

(New Orleans, LA) - John Hawkins, Steamer Natchez 50 Cents Undated (Ca. 1862). PCGS Very Good 8 Apparent.

This certainly is among the greatest Confederate era scrip note titles and payable types we have ever encountered. Technically, this is a "floating issuer" as it was payable in "Confederate Notes ... on board Steamer Natchez." There is no city listed, but its style most strongly suggests the note was printed in New Orleans, where several printers used this style. In Wendell Wolka's Paper Money magazine article "Enemy at the Gates" The Fall of New Orleans and its Effect on Scrip Issuers in the City, this issuer is on the compiled listing of New Orleans scrip notes used at that time. It is reasonable to classify this as a multi-state type due to its unusual obligation, but its New Orleans origin is logical.

There were many incarnations of the Steamer Natchez. This note was used on the sixth boat, which operated during the War and transported Confederate troops but was burned near Honey Island, possibly to keep it out of Union hands. The bold vignette of a sidewheel steamer traveling eastward is at top center. STEAMER NATCHEZ in green is over the smokestacks and the flanking "50" numerals. Text and obligations are below with "50 CENTS 50" in green. Cartouches at the ends show the textual denomination. The obligation, as we noted previously, is under the title. This note experienced extensive circulation...

To read the complete lot description see:
http://currency.ha.com/itm/obsolete-banknotes/-%20new-orleans-%20la-john-%20hawkins-steamer-%20natchez-50-%20cents-undated-%20ca-1862-%20pcgs-very-%20good-8-%20apparent/a/241618-%2086678.s?ic4=GalleryView-ShortDescription-%20071515

Lot 86908: Fort Edward, NY - Sackride & Willoughby

The lack of currency in the War of 1812 era necessitated the creation of many private scrip notes, some of which continued to be denominated in the English pence-shillings system. Several upstate New York bills fit this criterion and are quite charming like the 2 shillings issued by Sackride & Willoughby in Fort Edward, New York.

Fort Edward, NY - Sackride & Willoughby at our Store in Fort-Edward 2 Shillings November 29, 1814. PCGS Very Fine 20 Apparent.

A shilling-denominated note from this extremely rare issuer. More elaborate than the smaller denomination above. The double line border is still on three sides, but the left end shows border cuts and type ornaments. The denomination is across the top as "2 shillings," and is completely spelled out on the back of the note. There are only some "Small Edge Tears; Minor Stains" noted. A very charming note and a great rarity.

To read the complete lot description see:
http://currency.ha.com/itm/obsolete-banknotes/fort-%20edward-ny-%20sackride-andamp-%20willoughby-at-%20our-store-%20in-fort-%20edward-2-%20shillings-november-%2029-1814-%20pcgs-very-%20fine-%2020-apparent/a/241618-%2086908.s?ic4=GalleryView-ShortDescription-%20071515

Lot 87160: Provo City, UT - W. H. Freshwater
Utah and Mormon issued currency notes continue to be well regarded for their history. Several, possibly unique, discovery notes are featured and published for the first time in Newman Internet Part 1. Some issuers are known only from the Mormon Church Archives. The W. H. Freshwater, Provo City, Utah Territory 10 cents note might be unique and is outstanding, in Gem Condition.

Provo City, UT - W. H. Freshwater 10 Cents Undated Rust UNL, Nyholm 264var. Remainder.

The inspired selection of Provo, Utah Territory discovery notes from the Newman Collection, covering two separate sale dates, continues with this newly published example. A 25 cents small format Freshwater note from this series is illustrated in Nyholm with a cancellation line in the signature area. Printed on white paper in all blue with pattern bordering all around. The title is at the top, an outlined "10" die is at the center flanked by TEN and CENTS between horizontal lines. Under the counter is the payable "In Merchandise at Retail." Not numbered or signed and "Pen Cancelled," as noted, through the long signature block. A stunning and nearly perfect note.

To read the complete lot description see:
http://currency.ha.com/itm/obsolete-banknotes/provo-%20city-ut-%20w-h-%20freshwater-10-%20cents-%20undated-rust-%20unl-nyholm-%20264var-remainder-%20pcgs-gem-%20new-66ppq/a/241618-%2087160.s?ic4=GalleryView-ShortDescription-%20071515

To view the complete preview of Selections from The Eric P. Newman Collection Internet Part 1, please click below: 2016 May 4 Selections from the Eric P. Newman Collection Part I Currency Internet Auction - Dallas #241618 (http://currency.ha.com/c/auction-home.zx?redirectOk=1&saleNo=241618&type=surl-241618)

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