SOLD
1,750.00USD+ buyer's premium (350.00)
This item SOLD at 2023 May 22 @ 13:18UTC-7 : PDT/MST
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(Attributed to Connecticut) Merchant Scrip. Elias Shipman. Due the Bearer Four Pence lawful Money (in Silver) on Demand. PCGS Very Fine-20 Details - Repairs. Uniface. Repairs not readily noticed, even by an expert eye. As illustrated.
Description: 52mm by 44mm. Laid paper. This private merchant due note was virtually unheard of until its first appearance in the John J. Ford, Jr. holdings. Hand-signed by Elias Shipman, though no notation of city, state, or date is shown. This small rarity is, however, reminiscent of note styles of the late 18th Century, perhaps circa 1790 or a trifle later. It was considered a New Haven piece by the late Ford, and was traceable to citizen Shipman at that place. The premier cataloger of the Ford sales, Bruce Haagen, did untold hours of research in his preparation for the landmark sales. He uncovered that Shipman was a well-known merchant in New Haven, and at one point, that he held a 12.5% partnership in the company for coining Connecticut Coppers. In 1786, he sold his shares in the coppers coining venture to James Jarvis of Fugio Coppers renown, and by 1792, Shipman was one of three incorporators of the New Haven bank, serving as director of the bank twice, once in 1795, and again in 1806. He was even a political appointee of president Thomas Jefferson. Indeed, there is even more to be discovered about Shipman in the Ford sales catalog cited below. In this sale filled with great rarities, the present lot, first in the sale, can readily hold its own in both the rarity and desirability categories. It is destined to be a showpiece in a cabinet of early notes, no matter the depth of the surrounding collection.
Pedigree: From Stack’s sale of the John J. Ford, Jr. Collection, Part X, May 26, 2005.
FR#: NO FR #
Grading Service: PCGS
Grade: Very Fine 20 Details
Ford Price Realized: $3,738
Auction Location:
1550 Tiburon Blvd. Suite G201, Tiburon, California, 94920, United States
Previewing Details:
auctions.kagins.com
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Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
20% |
Additional Fees:
Shipping Details:
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Payment Details:
Payment Due on receipt. Please mail check to:
Kagin's, Inc.
1550 Tiburon Blvd. #201, Tiburon, CA 94920
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1550 Tiburon Blvd.#201,Tiburon,CA 94920
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