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State of Rhode Island and Providence Plantations. October 1782 Session

From Stack's October 2006 Atlanta Auction on Oct 4, 2006

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Categories  •  Stack's October 2006 Atlanta The John J. Ford, Jr. Collection: Part 15 Colonial Paper Currency Rhode Island October 1782 Session

State of Rhode Island and Providence Plantations. October 1782 Session.  6% Interest Bearing Note...State of Rhode Island and Providence Plantations. October 1782 Session. 6% Interest Bearing Note Redemption Certificate. No.165. December 25, 1782 [written]. Issued for Twenty Eight Pounds Ten Shillings and Seven Pence Three Farthings. Signed by Jos. Clarke. Printed on laid paper. 160mm by 98mm. Uniface. Horizontal format note. Border cuts left and right, typeset texts, Rhode Island seal at left with serial to right of border cut, signature at bottom. Engraved '178', the payee, denomination, day and month, and final digit of date are hand written. No imprint, style of Carter or Wheeler. Anderson/Smythe RI 16; Rarity 8 (1-3 known). Newman, page 396.

A complex obligation and loan. This issue was for '...calling in the Notes issued...in the months of February and March, A.D. 1777, bearing an interest of Four per cent....' High rarity and the only other one we have seen is the Newman plate note. Fine quarters, that are all split apart (as the Babbington-like malcontents in Elizabethan England achieved) and crudely rejoined from the back with wide glassine strips. Multiple pinholes in the upper left quarter and moderately toned overall. Period pen endorsed on the back, ''Two Years Interest paid to 25th Dec. 1784.'' Extremely rare with the condition (or lack of) not as important as the rarity.

Ex F.C.C. Boyd Estate.

Lot # 8695 
Hammer Price: $3,500.00

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