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Eric P. Newman Collection (Internet Sale 1)
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- La description:
- Continental Congress - United States Lottery Resolution of November 18, 1776 Class the Second Ticket. PCGS Choice About New 58. A sharply printed Plate W. Class the Second ticket signed by George Campbell, a Continental note signer. Issued and numbered. It has a finely cut indent at the left end and a wide margin at the right. This forms a nice pair with the ticket prior. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $470.00
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- La description:
- Continental Congress - United States Lottery Resolution of November 18, 1776 Class the Second Ticket. PCGS Choice About New 58. A sharply printed Plate W. Class the Second ticket signed by George Campbell, a Continental note signer. Issued and numbered. It has a finely cut indent at the left end and a wide margin at the right. This forms a nice pair with the ticket prior. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $470.00
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- La description:
- Continental Congress - United States Lottery Resolution of November 18, 1776 Class the First Ticket. PCGS About New 50 Apparent. The Continental Congress authorized United States Lottery tickets are perfect to collect along with the currency notes. The lottery was deemed a way of raising funds that would be less objectionable than further taxes. The lottery was poorly received since the payout ratio was low compared to other lotteries commonplace at the time; thus the public ceased to subscribe. There are several classes, plate letters and signature varieties to collect. Currency signers often signed tickets as well. No definitive listing of Colonial era lottery tickets has been made, but the James DuPont Collection auction (R. M Smythe Co., Sale #115/116, March 1993) and the Paul Richards 1988 fixed price list are resources used by collectors. The common style for the laid paper tickets was an indented printing at the left with a fancy monogram and typeset text. The Plate U. ticket is signed by J. Barge, numbered and countersigned on the back edge as issued. There are "Small Edge Tears" noted, but this is a bright example and underrated compared to many Colonial notes. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $376.00
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- La description:
- Continental Congress - United States Lottery Resolution of November 18, 1776 Class the First Ticket. PCGS About New 50 Apparent. The Continental Congress authorized United States Lottery tickets are perfect to collect along with the currency notes. The lottery was deemed a way of raising funds that would be less objectionable than further taxes. The lottery was poorly received since the payout ratio was low compared to other lotteries commonplace at the time; thus the public ceased to subscribe. There are several classes, plate letters and signature varieties to collect. Currency signers often signed tickets as well. No definitive listing of Colonial era lottery tickets has been made, but the James DuPont Collection auction (R. M Smythe Co., Sale #115/116, March 1993) and the Paul Richards 1988 fixed price list are resources used by collectors. The common style for the laid paper tickets was an indented printing at the left with a fancy monogram and typeset text. The Plate U. ticket is signed by J. Barge, numbered and countersigned on the back edge as issued. There are "Small Edge Tears" noted, but this is a bright example and underrated compared to many Colonial notes. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $376.00
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- La description:
- United States Congress Federal Indent September 27, 1785 $25 Fr. UNL Anderson-Smythe 172. PCGS Very Fine 30 Apparent. A very rare and important $25 Federal Indent note issued by a "Requisition of Congress" and to be received for "Taxes." This is the highest denomination from the first series of Federal Indents. This is the Newman plate note illustrated on page 75 of the 5th edition. Printed on thin paper with border designs at top and bottom. The indented left end shows the partially remaining textual denomination. Signed boldly by Hardy. This is a high Rarity-7 (4-6 known) in Anderson-Smythe and is the first of this highest denomination we have encountered. A very solid example with full margins, broad at the right and bottom. The ornate indented printing has an elegant, wavy cut. The noted "Small Edge Splits" are in the widest margins, and they are trivial. The eye-appeal is exemplary, and this Newman plate note denominational rarity represents the important series mightily. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $3995.00
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- La description:
- United States Congress Federal Indent September 27, 1785 $25 Fr. UNL Anderson-Smythe 172. PCGS Very Fine 30 Apparent. A very rare and important $25 Federal Indent note issued by a "Requisition of Congress" and to be received for "Taxes." This is the highest denomination from the first series of Federal Indents. This is the Newman plate note illustrated on page 75 of the 5th edition. Printed on thin paper with border designs at top and bottom. The indented left end shows the partially remaining textual denomination. Signed boldly by Hardy. This is a high Rarity-7 (4-6 known) in Anderson-Smythe and is the first of this highest denomination we have encountered. A very solid example with full margins, broad at the right and bottom. The ornate indented printing has an elegant, wavy cut. The noted "Small Edge Splits" are in the widest margins, and they are trivial. The eye-appeal is exemplary, and this Newman plate note denominational rarity represents the important series mightily. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $3995.00
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- La description:
- United States Congress Federal Indent September 27, 1785 $2 Fr. UNL Anderson-Smythe 166. PCGS Very Fine 30 Apparent. A $2 Federal Indent note issued by a "Requisition of Congress" and to be received for "Taxes." Printed on thin paper with border designs at top and bottom. At the indented left end, the partially remaining denomination, TWO DOLLARS, is outlined on shaded engraving. This example is signed by John Hardy with an elegant flourish. A very natural note. The paper is strong and original, and with natural deckling at the right end. The note has complete margins and a nicely cut left indent. There is some mottled damp staining at the top center, and grading notes "Minor Ink Erosion; Stains." by PCGS. Like all Federal Indents, rare and important. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $1938.75
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- La description:
- United States Congress Federal Indent September 27, 1785 $2 Fr. UNL Anderson-Smythe 166. PCGS Very Fine 30 Apparent. A $2 Federal Indent note issued by a "Requisition of Congress" and to be received for "Taxes." Printed on thin paper with border designs at top and bottom. At the indented left end, the partially remaining denomination, TWO DOLLARS, is outlined on shaded engraving. This example is signed by John Hardy with an elegant flourish. A very natural note. The paper is strong and original, and with natural deckling at the right end. The note has complete margins and a nicely cut left indent. There is some mottled damp staining at the top center, and grading notes "Minor Ink Erosion; Stains." by PCGS. Like all Federal Indents, rare and important. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $1938.75
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- La description:
- United States Congress Federal Indent September 27, 1785 $1.55/90 Fr. UNL Anderson-Smythe 165. PCGS Very Fine 30 Apparent. The Federal Indents issued from 1782 to 1787 represent an unusual series of Confederation period notes that were created due to the inability of the Continental Congress to redeem its paper money after the war. The new Federal government was still responsible for debt repayments on domestic and foreign bonds, which could only be met using anticipated states' taxations. The notes were created to be payable to the bearer for those taxes in convenient denominations and, in some cases, written in "ninetieths of a Dollar." The indents were issued on September 27, 1785 and October 11, 1787. These are rarely offered, and this is an interesting example. It was printed on thin paper with border designs at top and bottom. At the left end is the indented printing with the textual denomination. The "ONE DOLLAR, and" denomination is engraved in the typeset obligation, followed by space to accommodate a fractional addition in "ninetieths of a Dollar," which is written in as "fifty five" on this example. A ninetieth of a dollar was equal to one penny in the English system, and paper small change penny bills using that system circulated concurrently with these indents. Signed by Michael Hillegas, the less encountered signature on this series. He was co-treasurer of the United Colonies, along with George Clymer, and edited the Declaration of Independence. Because of that work, he was not a signer; Clymer signed instead. Later, Hillegas would become the first Treasurer of the United States, and he is pictured on large size $10 gold certificates. The paper is strong, the margins wide as originally cut on three sides with natural deckling remaining on the right. The indented printing cut shows part of the engraved ONE DOLLAR and would have fit the indent book neatly upon redemption. There is some modest foxing, which is noted as "Minor Stains." This is a superior Federal Indent note with an interesting denomination and strong Hillegas signature. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $2585.00
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- La description:
- United States Congress Federal Indent September 27, 1785 $1.55/90 Fr. UNL Anderson-Smythe 165. PCGS Very Fine 30 Apparent. The Federal Indents issued from 1782 to 1787 represent an unusual series of Confederation period notes that were created due to the inability of the Continental Congress to redeem its paper money after the war. The new Federal government was still responsible for debt repayments on domestic and foreign bonds, which could only be met using anticipated states' taxations. The notes were created to be payable to the bearer for those taxes in convenient denominations and, in some cases, written in "ninetieths of a Dollar." The indents were issued on September 27, 1785 and October 11, 1787. These are rarely offered, and this is an interesting example. It was printed on thin paper with border designs at top and bottom. At the left end is the indented printing with the textual denomination. The "ONE DOLLAR, and" denomination is engraved in the typeset obligation, followed by space to accommodate a fractional addition in "ninetieths of a Dollar," which is written in as "fifty five" on this example. A ninetieth of a dollar was equal to one penny in the English system, and paper small change penny bills using that system circulated concurrently with these indents. Signed by Michael Hillegas, the less encountered signature on this series. He was co-treasurer of the United Colonies, along with George Clymer, and edited the Declaration of Independence. Because of that work, he was not a signer; Clymer signed instead. Later, Hillegas would become the first Treasurer of the United States, and he is pictured on large size $10 gold certificates. The paper is strong, the margins wide as originally cut on three sides with natural deckling remaining on the right. The indented printing cut shows part of the engraved ONE DOLLAR and would have fit the indent book neatly upon redemption. There is some modest foxing, which is noted as "Minor Stains." This is a superior Federal Indent note with an interesting denomination and strong Hillegas signature. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $2585.00
