Important 1708 Massachusetts Colonial Note Major Rarity PCGS graded Extremely Fine-40 Ex: Eric P. Newman
Province of the Massachusetts Bay. November 21, 1708. 40 Shillings. Contemporary Counterfeit. PCGS graded Extremely Fine-40.
Fr. MA-24CFT. An outstanding, attractive and rare fourth known issue on the Province of the Massachusetts Bay, the "Tall" Bill of Credit type. To our best knowledge, this type is not known to exist as a "Genuine" note. This false engraved Copper-plate is based on the original 1702 "middle plate" with 5s, 10s, 20s, and 40s denominations originally designed by early American Boston Silversmith John Coney. The top indent has a typical curved-cut pattern design cut in a wavy "tombstone" style. It's engraved text stated obligations are listed across the note, with a large ornate Red "AR" Monogram (Anna Regina) overlaid near center. The reverse shows a decorative red printed flowing pattern at the top indent edge. Three false signatures include; Elisha Hutchinson, Penn Townshend, and Samuel Chockley, the word "Counterfeit" is written in another hand in brown ink just below the first signature in an open area. Historic as one of the earliest North American Currency Notes known. A such, extremely significant, even as a contemporary counterfeit produced of the period. Dated "1708" it was emitted less than a century after the Massachusetts Bay province was established. We have seen a few of these notes appear in significant major collections over the decades. The Boyd collection contained three examples, two of similar quality were sold in the May 2004 Stack's Ford Collection each selling at $9,775 with most of the known notes are numbered in the close vicinity of the serial number of this current notes "1966" with the Newman plate note bearing serial number "2000". An ancient pencil code on the clean back notes a prior acquisition date of 1906 (which is perhaps a Chapman pedigree). The PCGS holder notations of small edge and internal splits; (clear) tape repair on back" are all rather trivial and relatively minor. Overall, a wonderful very attractive "Tall" Colonial bill major rarity and significant centerpiece of an early American currency type of museum quality. Ex: Eric P. Newman Numismatic Education Society.