South Carolina 1731 7 Shillings 6 Pence Fr. SC-32. PCGS Good 6 Apparent. The third Newman Collection pre-1750 rarity from South Carolina cataloged in this sale: an impressive grouping. It is one of only two notes from the 12-denomination series known. There were 106,500 pounds of bills of credit authorized to redeem earlier notes. Counterfeiting on the issue caused the recall of some denominations, but not this. A smaller format note and a departure from the size used on earlier, known South Carolina notes. An ornate, scroll-detailed indented border is at the left. The denomination is across the top in two lines (but without specific obligation text) with \"Lawful Money\" at the end. At the lower right is an emblem showing a thistle in the inner circle and the denomination and date in the outer circle. Only one of three signatures, Gabriel Manigault's, is still legible. The note is mostly full and well detailed from the face. Noted with \"Splits, Tears, and Minor Damage\" and as \"Backed.\" A blank second backing strip is over the first backing which shows some calculations. The only other known example from the issue is the 10 pound Boyd collection note (the Newman plate note) sold in Ford Part III in May 2004 for $50,600. Of the Colonials in that sale, only the Massachusetts 1690/91 note realized a higher price. This historic bill is pleasing overall and presents another tremendous opportunity to obtain a rarity that is cataloged at auction for the very first time. Ex: Eric P. Newman Numismatic Education Society\n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28140, realized $6600. Image and description courtesy of Heritage Auctions, https://ha.com.
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