1738 RHODE ISLAND RARITY

One of the standout offerings in our upcoming October GACC U.S. Currency Signature® Auction is a remarkable early American note: the Rhode Island August 22, 1738, 2 Shillings 6 Pence issue.

This example, graded PMG About Uncirculated 50, is the finest known of its kind. Out of only four graded notes from this emission, none come close—PMG has recorded two others at Very Fine 20, while PCGS lists just one at Extremely Fine 40. This makes the present note a true outlier in both condition and appeal. Featuring three bold, well-preserved signatures—George Goulding, James Sheffield, and Jahleel Brenton—and lacking any visible folds, this note stands out for its historical significance and exceptional visual appeal, a rare combination in early colonial currency of such scarce types. Additionally, this note's design was engraved and printed on one front plate and one back plate – both of which still exist today!

George Goulding was a prominent council member in Newport, Rhode Island, known for his civic leadership throughout his career. James Sheffield served during the Revolutionary War and continued his military service following the American victory. These signers reflect the patriotic legacy often associated with colonial currency.

In contrast, the story of Jahleel Brenton stands apart—a generational narrative that ultimately traces its loyalties back to Great Britain. Jahleel was the grandson of William Brenton (1610–1674), an early settler of Portsmouth and Newport, Rhode Island. William played a pivotal role in the colony's formation as one of its nine original founders, and he served as both President and Governor of the Colony of Rhode Island and Providence Plantations.

Jahleel Brenton continued the family's tradition of leadership, becoming the first commanding officer of the Artillery Company of Newport—the oldest military unit in the United States still operating under its original charter. However, during the American Revolution, the company became inactive as its members split between patriot and loyalist sympathies. Evidence suggests that Jahleel himself may have aligned with the loyalists. His son, also named Jahleel Brenton, ultimately fled the colonies and pursued a distinguished naval career in the British Royal Navy, rising to the rank of rear admiral. Our signer's grandson, another Jahleel Brenton, earned the distinguished rank of Vice-Admiral in the British Royal Navy and became a strong force in the Napoleonic Wars.

Adding a fascinating historical twist, Governor William Brenton's predecessor and successor was none other than Benedict Arnold—the elder, not the infamous traitor. Yet in a curious parallel, just as William Brenton's great-grandson abandoned the colonies in loyalty to Britain, so did the great-grandson of his gubernatorial counterpart: the younger Benedict Arnold, forever remembered as the most notorious turncoat in American history.

This well-preserved and visually appealing note presents collectors with a valuable opportunity to own a notable piece of colonial American currency. Its condition and craftsmanship make it a standout example from the period, while its historical context adds meaningful depth. It will undoubtedly attract the attention of our most enthusiastic bidders.

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