Catalogers Bruce Hagen and Maureen Levine submitted these interesting selections from the upcoming Heritage Eric P. Newman Collection VIII sale. Thank you! Neat items.
Selections from the Eric P. Newman Collection VIII, to be
sold November 1-2 in Dallas, features over 1,200 lots of
significant American paper currency from all genres.
Cataloged in two volumes, this sale is the eighth in the
ongoing Signature series. Bound in the first volume are
Colonial, Continental, Obsolete, Confederate, Federal, and
National notes. The second volume is dedicated to Eric’s
Missouri currency collection. ranging from the handwritten
pre-banking “Bon Scrip” payable in pelts or skins to 20 th
century Depression-era scrip. Collected across nine
decades, most of these notes have never appeared at
auction. Part VIII is sold in conjunction with Part IX, which
presents Colonial and United States coins highlighted by
the finest privately held Original Confederate States of
In this currency sale, two items stand out historically
and are certain to garner strong attention from
numismatists. This “Tale of Two Tens” revolves around a
pair of exceptionally interesting $10 notes from different
genres and circumstances, but both deeply woven into the
fabric of Missouri currency.
The Bank of St. Louis $10
The Bank of St. Louis $10 type engraved by Leney &
Rollinson in 1817 features the titled vignette, “Partial View
of St. Louis,” created for the series and bank. In his first
published numismatic article for the Missouri Historical
Society in 1941, Eric identifies the buildings and landmarks
portrayed in the vignette. The article (reproduced in
Volume 2 of the catalog) discusses in a compact seven-
page narrative the genesis of the Missouri Territorial banks
evolving from the handwritten “bon scrip” backed by
warehouse-stored skins. The sale includes a high-grade,
fully issued note of the type as well as the unique proof
originally from the Leney & Rollinson archive proof book.
To read the complete lot description, see:
St. Louis, Missouri Ty. - Bank of St. Louis (1st) $10 18__...
1861 St. Louis Demand Note
Our second “Tale Telling Ten” is a legendary Federal
Currency rarity offered at public auction for the first time.
The Newman Fr. 10 1861 St. Louis Demand Note is the
finest by far of the four known. Demand Notes were the
first circulating “greenbacks” to fund the Civil War and
were initially payable in gold until the specie suspension in
late 1861. Only 48,000 St. Louis $10 Demand Notes were
printed, far less than the three eastern offices, making it
rare from the start.
Despite the specie suspension, Demand
Notes were still receivable for United States fees and
duties, acting as gold, and were retired by the Government
when so applied. These redemptions made all Demand
Notes rare by the end of the war. The condition is a
mesmerizing PCGS Very Fine 30, making the Newman
example a most impressive survivor. It boasts a fascinating
pedigree with the note obtained in 1939 from Obsolete
currency scholar and dealer D. C. Wismer for $125.00.
This documented transaction (two letters are included in
Volume 1 of the catalog) was concluded at the same time
Eric significantly augmented his Missouri Obsolete
currency collection with the acquisition of Wismer’s
unique color proofs and other rarities. This is one of the
rarest Federal currency types and is in superb condition.
To read the complete lot description, see:
United States of America - Fr. 10 $10 1861 St. Louis Deman...
The Selections from the Eric P. Newman Part VIII
sale promises to be a historic numismatic event. Cataloged
within the two volumes are notes in all price ranges and
interest areas from the 18th to 20th centuries. Catalogs will
be available from Heritage Auctions approximately mid-
October, and all lots are currently in preview at HA.com.
2017 November 1 - 2 Eric P. Newman VIII Currency Signature Auction - Dallas #3547
Wayne Homren, Editor
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