Currency selections from The Eric P. Newman Collection Part VII

October 18, 2015

Confederate Type 1 Montgomery Note

The Eric P. Newman Collection Part VII, featuring more than 2,200 pieces of U.S. and World currency from the numismatic legend’s famed collection – a wide array of World, Colonial and Continental currency, Obsolete notes by state and Confederate currency, sold exclusively to benefit the Eric P. Newman Numismatic Education Society – will be offered by Heritage Auctions Oct. 21-24, 2015 in Dallas.

“Truly, there is no area of American numismatics that Eric P. Newman has not researched and collected,” said Dustin Johnston, Director of Currency at Heritage Auctions. “Just as with Eric’s coins, his currency represents the very best of its respective types. We expect collectors will be eagerly waiting for bidding to start.”

The top offering of the collection – expected to realize $50,000+ – is an historic Confederate Type 1 Montgomery Note PCGS Very Fine 35. This uncanceled serial number 44 note is exceptionally vibrant and boasts the famous “Colonel” E.H. Green pedigree.

“The Newman Confederate States of America collection is an eminent one,” said Johnston. “His 1861 rarities are almost unparalleled for eye appeal. They are simply stunning and the selection includes what are likely the most attractive T27 Eagle and Shield and T35 ‘Indian Princess’ notes we’ve ever offered.”

A Continental Currency April 11, 1778 $5 Yorktown Issue Fr. CC-72 PCGS Superb Gem New 67PPQ is an example from the rarest overall series of Continental currency and represents the first in an exceptional quintet of Yorktown note denominations from the Newman Collection. It is estimated at $12,500+.

“Several of the Continental notes in Eric’s collection are the finest, or tied for the finest, graded and certified by PCGS,” said Johnston. “This $5 Yorktown is a stellar example and a remarkable note in all regards.”

A Continental Currency April 11St. Louis, MO Union Bank of Missouri $100 Branch Payable MO-65 G96a SENC Proof PCGS Choice About New 58 Apparent will draw the eyes and the bids of serious collectors when it crosses the block. The note is the highest denomination from the bank and series and was printed from a stunning and inspired engraved plate by the American Bank Note Company. It is estimated at $10,000+.

“The color and vignettes work in tandem to create one of the most beautiful late designs from the Obsolete banknote era,” said Johnston. “This jewel, obtained from D.C. Wismer over 50 years ago, is a key Missouri proof.”

The many unique, unpublished, and newly discovered Obsolete notes are not limited to the Signature session. These once-in-a-lifetime opportunities can also be found in the over 1,400 notes in the two Newman Internet sessions, and collectors are encouraged to visit HA.com for full descriptions and images.

Further highlights include, but are certainly not limited to:

Items being sold are from the extensive collection of Eric P. Newman Numismatic Education Society (a Missouri not-for-profit corporation) and have been assembled over a period of 90 years. Proceeds of the sale of all items will be used exclusively for supplementing the Society’s museum operations and scholarly numismatic research efforts and for the benefit of other not-for-profit institutions selected by Eric P. Newman Numismatic Education Society for public purposes.