New York Currency
Extremely Rare April 18, 1786 New York 5 Shillings Note
State of New York. April 18, 1786. Five Shillings. “EXCELSIOR” Shown in White Variety, with New York Arms vignette. PCGS graded Very Fine-20.
Fr. NY-222. This exceedingly rare 1786 New York issue uniface note was “Printed by S. Loudon” as printed at its bottom edge at center. Black printed text and designs on white laid period paper. It has all four edge margin designs, which provide ample framing that is fairly well centered of the text and designs. The date “the 18th Day of April, 1786” is fully readable and the brown signatures of “Jonathan Lawrence and William Heyer are fully readable. The New York Arms vignette at the right side is sharp and distinct having a vivid brown serial number written above. Holder comments apparent splits, stains and partially backed. The blank reverse is clean and free of detractions other than for a vertical strip of old reinforcement along its centerfold with some show-through. Newman reports a lower quality example graded “Fair” sold for $1,265 in October 2006 and is otherwise not priced in any grade due to this issues rarity. An Exceedingly Rare issue that is lacking in most, even advanced New York Currency collections.