Rhode Island August 22, 1738 2 Shillings 6 Pence Fr. RI-30. PCGS Extremely Fine 40 Apparent. A second remarkable, early Rhode Island Bill of Credit that is likely unique and is the finest grade note observed from the issue. It is the Newman plate note, illustrated on page 381 of the fifth edition and on the color plates on page 48. The Newport-issued series consisted of six small denominations ranging from one shilling to ten shillings. This bill is in a smaller format than the traditional \"tall\" notes of the period. Printed on two sides. The obligation is within a fancy cartouche; Hope motif arms and motto are at the lower left. Signed sharply by Sheffield, Brenton, and Goulding. The denomination and date are in an ornate cartouche on the back. The plates still exist, and reprints have been made of this issue. However, this is a contemporary, genuine issued bill in beautiful condition. Noted with \"Small Edge Splits; Minor Stains.\" The faults are trivial and the note boasts superior paper originality and strong printing. There are two other denominations known to us. Roper had a 3 shillings, nearly as fine as this example, that realized $3,250 over 33 years ago at his second sale by Stack's. We sold a raw Very Good, backed 7 shillings 6 pence in April 2006 for $8,625. Another impressive, early Newman Collection note in superb grade. Ex: Eric P. Newman Numismatic Education Society\n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28131, realized $14400. Image and description courtesy of Heritage Auctions, https://ha.com.
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