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. The mass redemption and destruction of these small change notes make survivors exceedingly rare today. Scarce bill for the price 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. The mass redemption and destruction of these small change notes make survivors exceedingly rare today. Scarce bill for the price with only 14 known to exist.
Date: February 20, 1790
Denomination: 1 Penny
Friedberg #: NY-238
State: New York
Certification: PMG
Grade: Very Good 10
Comments: None
