Early Paper Money of America / New York / 1771 February 16

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23 Items

Last Updated: 2022-05-19

Early Paper Money of America (NNP Edition)|

£120,000 in Bills of Credit receivable for taxes pursuant to an Act originally passed in 1769, reenacted on Jan. 5, 1770, revoked by the Crown on Feb. 14, 1770 and reenacted Feb. 16,1771. Decorative top border, left border, and Arms of New York City cut by Elisha Gallaudet who also made the cuts for the New York City Water Works notes, the Feb. 17, 1776 Continental Currency fractional issue, and the dies for the 1776 Continental Currency coinage. The left borders read upward except for the £10, which reads downward to deter alteration. Printed by Hugh Gaine on thin laid paper. Due to extensive counterfeiting followed by a suggestion in a newspaper, separate backs showing three counterfeiters on the gallows were authorized in March 1773 to be pasted on all genuine bills in circulation, but this was never done. Signers were Theophylact Bache, Walter Franklin, Henry Holland, A. Lott, and Samuel Verplanck. Facsimiles were published in 1856 and 1859.

5s [8,000] ▷CF◁
10s [8,000] ▷CF◁
£1 [6,000] ▷CF◁
£2 Four variations [5,000]
(a) Comma after February. Stars on bottom border have 12 points.
(b) No comma after February. Stars on bottom border have 12 points.
(c) Stars on bottom border have 12 points except 7th from right.
(d) Stars on bottom border have 8 points.
£3 [6,000] ▷CF◁
£5 [6,000] ▷CF◁
£10 [6,000] ▷CF◁

See also Manual of the Corporation of the City of New York for 1859 (David T. Valentine), discussed in "A Newly-Described Printing of Charles Ira Bushnell's Early New York Tokens" (The Asylum, vol. 37, no. 4, Winter 2019), by Joel J. Orosz.

Detalles de la colección

Articulos totales: 23
Talla: unknown

Trabajos (23)

1. 5 pounds

Descripción:: Colony of New York February 16, 1771 5 Pounds Contemporary Counterfeit Fr. NY-166. PCGS Very Fine 30 Apparent. This is one of two different counterfeit plates observed by Eric. It is a very sophisticated copy, and its key diagnostic is that the base under the settler and Native American is slanting left to right, rather than straight. "Edge Tears" are cited by PCGS, but the note is evenly margined all around with the pettiest of nicked corners at the upper right. A rare counterfeit type. Ex: Eric P. Newman Numismatic Education Society. From Newman X (Heritage Auctions, November 2018), lot 20396, realized $204.

2. 5 pounds

Descripción:: Colony of New York February 16, 1771 5 Pounds Contemporary Counterfeit Fr. NY-166. PCGS Very Fine 30 Apparent. This is one of two different counterfeit plates observed by Eric. It is a very sophisticated copy, and its key diagnostic is that the base under the settler and Native American is slanting left to right, rather than straight. "Edge Tears" are cited by PCGS, but the note is evenly margined all around with the pettiest of nicked corners at the upper right. A rare counterfeit type. Ex: Eric P. Newman Numismatic Education Society. From Newman X (Heritage Auctions, November 2018), lot 20396, realized $204.

3. 3 pounds

Descripción:: Colony of New York February 16, 1771 3 Pounds Contemporary Counterfeit Fr. NY-165CF. PCGS Very Fine 35 Apparent. This example provides an interesting comparison with its companion genuine note. Printed from an interesting, crudely styled plate. The counterfeit nature of this note is readily apparent, particularly in the unsophisticated, sometimes fuzzy lettering. "Edge Splits, Tears, and Minor Damage; Stains" are noted. This is the Newman plate note illustrated in the counterfeits appendix on page 472 of the 5th edition. A fascinating note. Ex: Eric P. Newman Numismatic Education Society. From Newman X (Heritage Auctions, November 2018), lot 20395, realized $504.

4. 3 pounds

Descripción:: Colony of New York February 16, 1771 3 Pounds Fr. NY-165. PCGS Very Fine 30 Apparent. A well-accomplished genuine note deeply printed by Hugh Gaine and showing the borders and Arms engraved by Elisha Gallaudet. The denomination "LX" followed by the shilling symbol has moved up from the bottom left; "III.L" is to the left of the Arms, "60s" has moved beneath the counterfeit warning, and the bottom border shows a variety of type ornaments rather than a row of stars. Despite the "Edge Splits, Tears, and Hinge Repairs" noted by grading, bright and bold with embossing seen on the blank back. An appealing example. Ex: Eric P. Newman Numismatic Education Society. From Newman X (Heritage Auctions, November 2018), lot 20394, realized $312.

5. 3 pounds

Descripción:: Colony of New York February 16, 1771 3 Pounds Fr. NY-165. PCGS Very Fine 30 Apparent. A well-accomplished genuine note deeply printed by Hugh Gaine and showing the borders and Arms engraved by Elisha Gallaudet. The denomination "LX" followed by the shilling symbol has moved up from the bottom left; "III.L" is to the left of the Arms, "60s" has moved beneath the counterfeit warning, and the bottom border shows a variety of type ornaments rather than a row of stars. Despite the "Edge Splits, Tears, and Hinge Repairs" noted by grading, bright and bold with embossing seen on the blank back. An appealing example. Ex: Eric P. Newman Numismatic Education Society. From Newman X (Heritage Auctions, November 2018), lot 20394, realized $312.

6. 3 pounds

Descripción:: Colony of New York February 16, 1771 3 Pounds Contemporary Counterfeit Fr. NY-165CF. PCGS Very Fine 35 Apparent. This example provides an interesting comparison with its companion genuine note. Printed from an interesting, crudely styled plate. The counterfeit nature of this note is readily apparent, particularly in the unsophisticated, sometimes fuzzy lettering. "Edge Splits, Tears, and Minor Damage; Stains" are noted. This is the Newman plate note illustrated in the counterfeits appendix on page 472 of the 5th edition. A fascinating note. Ex: Eric P. Newman Numismatic Education Society. From Newman X (Heritage Auctions, November 2018), lot 20395, realized $504.

7. 2 pounds

Descripción:: Colony of New York February 16, 1771 2 Pounds "February, 16, 1771" Plate Fr. NY-164. PCGS Very Fine 30 Apparent. This note shows plate variety (a), with a comma after "February." As on the previous note, the denomination at lower left is in the Roman numerals "XL," followed by the shilling symbol; the denomination in pounds is to the left of the Arms as "II.L.," and "40s" is above the counterfeit warning. The same Gallaudet-engraved border cuts and Arms are present. PCGS cites "Repaired Edge Splits," noticeable from the back. All the margins are clear, and Hugh Gaines' printing is well accomplished. Franklin's signature is strong. Ex: Eric P. Newman Numismatic Education Society. From Newman X (Heritage Auctions, November 2018), lot 20393, realized $180.

8. 2 pounds

Descripción:: Colony of New York February 16, 1771 2 Pounds Fr. NY-164. PCGS Very Fine 35 Apparent. There are some nuances on this series that are a bit complex. There are four plate variations observed on this denomination, and this example is (b), with no comma after "February" and 12-point stars on the bottom border. This plate engraving technique could thwart counterfeiters by staggering which types were emitted into circulation at different times. As on the previous note, the denomination at lower left is in Roman numerals, here "XL" with the shilling symbol; the denomination in pounds is to the left of the Arms as "II.L.," and "40s" is above the counterfeit warning. The beautiful Gallaudet-engraved border cuts and Arms are present. Although PCGS cites "Small Edge Tears; Minor Ink Erosion; Stains," a handsome note printed by Hugh Gaine. The signatures of Franklin and Lott are easily discernable. Ex: Eric P. Newman Numismatic Education Society. From Newman X (Heritage Auctions, November 2018), lot 20392, realized $264.

9. 2 pounds

Descripción:: Colony of New York February 16, 1771 2 Pounds Fr. NY-164. PCGS Very Fine 35 Apparent. There are some nuances on this series that are a bit complex. There are four plate variations observed on this denomination, and this example is (b), with no comma after "February" and 12-point stars on the bottom border. This plate engraving technique could thwart counterfeiters by staggering which types were emitted into circulation at different times. As on the previous note, the denomination at lower left is in Roman numerals, here "XL" with the shilling symbol; the denomination in pounds is to the left of the Arms as "II.L.," and "40s" is above the counterfeit warning. The beautiful Gallaudet-engraved border cuts and Arms are present. Although PCGS cites "Small Edge Tears; Minor Ink Erosion; Stains," a handsome note printed by Hugh Gaine. The signatures of Franklin and Lott are easily discernable. Ex: Eric P. Newman Numismatic Education Society. From Newman X (Heritage Auctions, November 2018), lot 20392, realized $264.

10. 2 pounds

Descripción:: Colony of New York February 16, 1771 2 Pounds "February, 16, 1771" Plate Fr. NY-164. PCGS Very Fine 30 Apparent. This note shows plate variety (a), with a comma after "February." As on the previous note, the denomination at lower left is in the Roman numerals "XL," followed by the shilling symbol; the denomination in pounds is to the left of the Arms as "II.L.," and "40s" is above the counterfeit warning. The same Gallaudet-engraved border cuts and Arms are present. PCGS cites "Repaired Edge Splits," noticeable from the back. All the margins are clear, and Hugh Gaines' printing is well accomplished. Franklin's signature is strong. Ex: Eric P. Newman Numismatic Education Society. From Newman X (Heritage Auctions, November 2018), lot 20393, realized $180.