New York Colonial Note Fr#NY-238 February 20, 1790 1 Penny PMG 40 *Scarce*
The Common Council of the Corporation of the City of New York issued these small denomination notes to satisfy the need for “small change” in the city. After numerous quantities of London counterfeits emerged, a call for redemption of these notes occurred by June 1, 1799, redeemed notes were burned. Superior example of this note usually seen in low grades, tough to find this nice. Scarce bill with only 14 known to exist.
The Common Council of the Corporation of the City of New York issued these small denomination notes to satisfy the need for “small change” in the city. After numerous quantities of London counterfeits emerged, a call for redemption of these notes occurred by June 1, 1799, redeemed notes were burned. Superior example of this note usually seen in low grades, tough to find this nice. Scarce bill with only 14 known to exist.
The Common Council of the Corporation of the City of New York issued these small denomination notes to satisfy the need for “small change” in the city. After numerous quantities of London counterfeits emerged, a call for redemption of these notes occurred by June 1, 1799, redeemed notes were burned. Superior example of this note usually seen in low grades, tough to find this nice. Scarce bill with only 14 known to exist.
Date: February 20, 1790
Denomination: 1 Penny (1d)
Friedberg #: NY-238
State: New York
Certification: PMG
Grade: 40
Comments: None