Lot 4258
New York. Jan. 6, 1776 4 Shillings Colonial currency. These 1776 issues are some of the most desirable, even though not necessarily the rarest Colonial notes. A handsome, simple design from the New York Water Works for Four Shillings. PCGS graded Choice New 63PPQ.
This 4 Shillings note is part of an emission of £2,000 in promissory notes from New York City, called the third Water Works issue. (The first issue, which was the first paper currency issued by an individual city, was from August 25, 1774). Note the numeral 3 over the initial T indicating the third issue. This code was only used in the third and fourth issues. In the same style as the previous issues with a white paper on the front and a darker and coarser paper on the back. Printed by Hugh Gaine with red and black on the front and black on the back, The front had a border cut at the top but the other borders are type set. The cut is by Elisha Gallaudet who also did the illustration on the back of a steam operated water pump proposed by Christopher Colles. Denominations issued were: 4s and 8s.
Estimated Value $350 - 450.
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| Realized $368 |
