 State of New York. June 15, 1780 Act. Twenty Dollars. No.1125. Signed by Bancker and Henry Rutgers; countersigned on the back by Yates Jr. Printed on thin paper, watermarked 'CONFEDE/RATION'. Standard size, designs and imprint as used on Maryland and other State issued ''Guaranteed'' notes. Without red interest stamping on face. One of the rarest issues on the 1780 Guaranteed Acts. The highest denomination on the Act with only 1,413 notes authorized. This is the fifth different denomination from the eight issued, Struck from the genuine plate and as such is very rare, much more so than the rarely seen Twenty Dollars counterfeit type.
The plate diagnostics are very clear (especially so with the counterfeit in this sale as well). The word 'Interest' at the lower left is perfectly straight with the bottom of 'I' parallel to the rest of the letter bottoms. Also, the interior border line enclosing the text is just a shade shorter, perhaps by a millimeter or so. The bottom ornaments are shaped differently and slightly smaller. On the back, the imprint line is perfectly formed and straight as this was a standard plate for every State issuing Guaranteed notes.
The paper quality for this note and type is exceptional and the finest in this offering. If not for the trimming, the note would be a blockbuster on the series. About Extremely Fine. Two vertical bends, light corner fold, and handling. Sadly, trimmed extremely close or slightly inwards on all four sides. Excellent back color and strong embossing you would expect from a note in this grade. Its genuine status is important and the sharp paper quality adds greatly to the mix.
Ex F.C.C. Boyd Estate.
| |
|
