Skip to main content
Go to accessibility notice

    Description

    Rare Pamphlet Advocating Paper Money
    Backed by Land

    Mendenhall, Thomas. An Entire New Plan for a National Currency; Suited to the Demands of This Great, Improving, Agricultural, Manufacturing & Commercial Republic, with Appropriate Introductory and Concluding Remarks. To Which Is Added, a Plan for a Real National Bank. Philadelphia: Printed for the Author by J. Rakestraw, 1834. 8vo, original printed paper covers. 32 pages; printed sample $5 "National Currency" note tipped in as a frontispiece. Near fine. Mendenhall (1759-1843) was a merchant in Wilmington, Delaware, and a proponent of a land-based monetary scheme involving paper money backed by land value, so that "the law that fixed on each bill the stamp of denomination, fixed its standard, as money, also; and at the same time and place, the real value of the land is made to pass into the nominal value of the money." The proposed note included in the volume is a $5 National Currency issue bearing the names of "B. Franklin" and "G. Washington," bearing the grim warning, "To counterfeit is DEATH! And then, Worse Punishment!!," with an accompanying illustration of a hanging man and a devil dragging away a coffin. This booklet was displayed at the Newman Money Museum and retains its display label. Estimate $500.
    Ex: Burdette G. Johnson.
    Ex: Eric P. Newman Numismatic Education Society.


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Shipping, Taxes, Terms and Bidding
    Calculate Standard Domestic Shipping

    Sales Tax information  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    November, 2018
    7th-10th Wednesday-Saturday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 54

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 6 days left to consign to the 2019 April 25 - 30 Central States World Coins Signature Auction - Chicago!

    Learn about consigning with us

    I would like to take this opportunity to express dea's appreciation for the outstanding work and expertise your office provided in handling this sale.
    [ Entire Letter » ]
    Thomas Dolan, Assistant Special Agent in Charge, Drug Enforcement Agency,
    Denver, CO
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2019 January 31 - February 3 Long Beach Expo US Coins Signature Auction - Long Beach
    2019 January 31 - February 3 Long Beach Expo US Coins Signature Auction - Long Beach
    REALIZED $10,950,462
    2019 January 15 - 16 World Coins Signature Internet Auction - Dallas
    2019 January 15 - 16 World Coins Signature Internet Auction - Dallas
    REALIZED $2,745,520
    2019 January 10 - 14 FUN World Currency Signature Auction - Orlando
    2019 January 10 - 14 FUN World Currency Signature Auction - Orlando
    REALIZED $2,447,547