NEWMAN COLLECTION PAPER CURRENCY

PREV ARTICLE NEXT ARTICLE FULL ISSUE PREV FULL ISSUE

V20 2017 INDEX E-SYLUM ARCHIVE

The E-Sylum: Volume 20, Number 2, January 8, 2017, Article 29

Maureen Levine and Bruce Hagen submitted this article pointing out some of the highlights in the upcoming internet-only Heritage sale of material from the Eric P. Newman collection. Thanks! -Editor

The Newman Collection sales have yielded numerous examples that illustrate the diversity of American coin and currency genres. The Newman Internet 2 sale is no exception, with over 1,300 lots catering to a wide variety of interests. The sale closes on Wednesday, January 11, 2017, starting at 10:00 AM CDT. Please visit HA.com/241622 for full descriptions.

Lot 90027: Georgia 1776 Sterling Denominations 1 Shilling 6 Pence Fr. GA-64.

This Georgia note illustrates the exhaustive, observational study of ornamental border varieties by Harley Freeman and Eric P. Newman decades ago. See The Early Paper Money of America for in-depth information.

That is an intricate design. Not beautiful, but functional. -Editor

Lot 90246: Philadelphia, (Pennsylvania) - Company of the Delaware & Schuylkill Canal Navigation Mar. 1793 $4 or 400 Cents Newman page 369, Hoober 305-745.

This canal company note is not only an odd “400 Cents” denomination, but is also a cross-over from the Colonial to early Obsolete notes (listed in the Richard Hoober Pennsylvania Obsolete reference).

Private industry played a big part in developing the young nation. While infrastructure projects in colonial times were often public ventures funded by taxes or lotteries, this one was handled by a private company. I'm not familiar with the history of this canal, but I wouldn't be surprised if parts of the ditch these notes paid to dig are still there somewhere. -Editor

Lot 90900: Fort Gibson, C.N. Indian Territory (OK) - F.H. Nash $2 April 8, 1862 Burgett-4. Durand IT-37

Eric’s interest in Obsolete currency and Civil War history are evidenced by this F.H. Nash April 2, 1862 $2 note. This was issued during the period of Confederate authority in the Indian Nations (present day Oklahoma).

When building my own collection of Civil War scrip notes I enjoying finding issues payable in Confederate notes. Now I wish I'd tried looking for notes further afield geographically. Great note, historically important. -Editor

Lot 91020: Charleston, SC - State Bank $5 February 20, 1815 SC-40 G16, Sheheen-UNL.

Both the early Austin Sheheen South Carolina book and the comprehensive Haxby four-volume reference cited this State Bank, Charleston, South Carolina $5, but neither had an illustration. The Newman example provides the first photograph of this note, thus confirming its existence.

A bit ragged, but rare as hen's teeth. Such is the charm and challenge of collecting obsolete paper money. They weren't called ragpickers for nothing. We owe a debt to those early collectors and dealers for finding and preserving these fragile historical artifacts for us to study and collect today. -Editor

Lot 91331: Framed 1866 “Naramore’s United States Treasury and National Bank Note Detector…” Broadside.

This 1866 Naramore’s Detector display board is one of the few known. It was framed for display showing both sides, including the official sanction text on the back.

I always wanted one of these. I have many of the individual Naramore cards in my ephemera collection, but never managed to pick up a full sheet. Great display item. -Editor