ERIC P. NEWMAN INTERNET 3 SALE CLOSES MAY 3, 2017

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V20 2017 INDEX E-SYLUM ARCHIVE

The E-Sylum: Volume 20, Number 18, April 30, 2017, Article 16

Maureen Levine and cataloguer Bruce Hagen submitted this article highlighting five diverse items of American paper money from the Heritage Eric P. Newman Collection Internet Part 3 sale. Thanks. The sale closes May 3, 2017, so be sure to get your bids in on time. -Editor

That Eric P. Newman has always delved deeply into a broad range of numismatic genres is evident in the offerings from the third Internet-only Newman Collection paper currency sale highlighted below.

Lot 89343: State of New Jersey June 9, 1780 Uncut Sheet
Printed by Hall & Sellers in Philadelphia, Guaranteed Issue notes from New Jersey are very scarce, and this 1780 uncut single pane is extremely rare:

State of New Jersey June 9, 1780 Uncut Single Pane Sheet of $5-$7- $8-$20/$1- $2-$3-$4 Fr. NJ-188- 189-190- 191/184-185- 186-187. PCGS About New 50.

This single pane is composed of all eight denominations from the Guaranteed by the United States issue from New Jersey. All are signed by Philemon Dickenson (Continental Congress member) and David Brearley (signer of the Constitution) on the face and countersigned on the backs by Joseph Borden (who signed only this issue). Although Boyd’s cabinet held an uncut sheet, DuPont’s did not. Underappreciated in comparison with many of the better-known Colonial and Guaranteed by the United States sheets. Auction appearances over the past half-century have been sparse, making this is a significant opportunity for collectors.

Five issues of Fractional Currency, authorized by Congress, were issued from 1862 to 1876 to alleviate the shortage of coinage precipitated by the Civil War. A likely unique Fractional Currency block of eight is described below:

An incredible rarity that is the first multiple of this more challenging 10¢ variety to ever appear in a Heritage sale. It is also the largest multiple we have ever seen or heard of representing this number. Fr. 1247 is a sleeper rarity, and this block of eight is well inked, with vivid bronze and bright paper. This great Fractional item is destined for the finest of collections.

To read the complete lot description, see:
Fr. 1247 10¢ Second Issue Block of Eight (https://currency.ha.com/itm/fractional-currency/second-%20issue/fr-1247-%2010-second-%20issue-%20block-of-%20eight-pcgs-%20choice-about-%20new-58ppq/a/241626-%2089425.s?type=surl-241626-%20-%2089425&short=241626*89425)

From the territorial period of Florida (1821-1845), a popular $1 engraved issue:

Tallahassee, FL - Territory of Florida $1 June 12, 1830 Cr. T8 Benice 6. PCGS Very Fine 35.

A very scarce note from the popular second series printed from the engraved plates by N. & S.S. Jocelyn, New Haven. Among the Criswell-Shull listed Southern States issues, it is quite distinctive due to its early, 1830-period dating and engraved style. The exact rarity of Florida Territory notes in collectors' hands is difficult to determine, but approximately 20-40 notes of each denomination are known. The overall quality of this Newman Collection $1 note is superior for the technical grade.

Uncut sheets of any early U.S. currency are quite desirable. Lesser known are obsolete notes from the Territories, issued before the regions became actual states of the union. Rare and historically important. -Editor

To read the complete lot description, see:
Tallahassee, FL - Territory of Florida $1 June 12, 1830 Cr. T8 Benice 6. (https://currency.ha.com/itm/obsoletes-by-%20state/florida/tallahassee-fl-%20territory-of-%20florida-1-%20june-12-%201830-cr-%20t8-benice-%206-pcgs-%20very-fine-%2035/a/241626-89633.s?type=surl-%20241626--%2089633&short=241626*89633)

Issued by Confederate officer T.R. Livingston, the note below is a piece of rare military scrip redeemable “In Confederate Money” in the Cherokee Nation:

French Point, MO - T. R. Livingston & Co. Redeemable at J. M. Bryant's Store, C.[herokee] N.[ation], or at my Headquarters 25 Cents July 1, 1862. PCGS Very Fine 20 Apparent.

This is a fascinating and historic note issuer and series. Along with his half-brother, Missourian Thomas Robinson Livingston ran a lead mine, smelter, and store in French Point. Livingston, a Confederate army major, fought under Stand Waitie's First Cherokee Mounted Rifles among other assignments. He died leading a battle on July 11, 1863. The obligation near the bottom states it was "Redeemable at J. M. Bryant's Store, C.[herokee] N.[ation], or at my Headquarters." The issuer is engraved. Livingston's countersignature is on the blank back. Issued by a prominent Confederate officer, this is certainly an intriguing and storied scrip note tied to the Cherokee Nation.
Ex: Eric P. Newman Numismatic Education Society.

Financial derivatives were not invented in the 20th century. Here's a Civil War era form of derivative. Scrip notes issued in states and territories controlled by the Confederacy were typically payable in Confederate notes - a piece of paper payable in another piece of paper backed only by faith in the issuer to prevail and ultimately pay in "real money". That movie didn't end well for holders of the scrip. -Editor

To read the complete lot description, see:
French Point, MO - T. R. Livingston & Co. Redeemable at J. M. Bryant's Store, C.[herokee] N.[ation] (https://currency.ha.com/itm/obsoletes-by-%20state/missouri/french-point-%20mo-t-%20r-livingston-%20and-co-%20redeemable-at-%20j-m-%20bryant-s-%20store-c-%20herokee-n-%20ation-or-%20at-my-%20headquarters-%2025/a/241626-90066.s?type=surl-%20241626--%2090066&short=241626*90066)

The Oshkosh City Bank $2-$3 Proof pair offered in the sale is reported as unique in private hands:

Oshkosh, WI - Oshkosh City Bank Uncut Pair of $2-$3 18__ WI-625 G4-G6. Proof. PCGS Very Choice New 64 Apparent.

This extremely rare bank, despite failing, redeemed the entire circulation according to state records. The Newman Collection proofs include three denominations printed from the $1-$2- $3-$5 plate that are unique in private hands. Rawdon, Wright, Hatch, & Edson, New-York engraved the plate with their suite of gold dollar vignettes favored by several other clients. The number of coins in each vignette corresponded with the denomination, thwarting note raisers. The $2 features two gold dollars with a farmer and milkmaid resting at the top right. On the $3 impression are three men representing different commercial pursuits and three gold dollars. We have no auction appearances noted for the $2 and $3 notes, only for $1 proofs. There are some minor flaws, but overall this is attractive, elegantly styled, and we believe unique in private hands.

To read the complete lot description, see:
Oshkosh, WI - Oshkosh City Bank Uncut Pair of $2-$3 18__ WI-625 G4-G6. Proof. (https://currency.ha.com/itm/obsoletes-by-%20state/wisconsin/oshkosh-wi-%20oshkosh-city-%20bank-%20uncut-pair-%20of-2-%203-18-%20wi-625-%20g4-g6-%20proof-pcgs-%20very-choice-%20new-64-%20apparent/a/241626-%2090440.s?type=surl-241626-%20-90440&short=241626*90440)

Many rare and unique items are included in this Internet sale and, as always, the proceeds from it will be used for charitable purposes. The auction closes on May 3rd. commencing at 10:00 AM Central Time. For more information, please visit www.HA.com/241626 .