Current Auction Is Open For Bidding
Our Current Auction Closes Jan 10    
Home |Sitemap|Contact Us| Past Auctions  
 How to Bid   Register to Bid   Auctions   Consign   About US   Featured Lots 
Bidder Login
Bidder #
Password

New Bidder Registration
Forgot your password?

The Current Auction
Ends January 10th
Olympics Auction Preview
Begins Jan 11, 2018
Search
Advanced Search
By Item Number
Gallery Search
Past Auction Search
Bidding
How Do I Bid?
What is BidTracker™?
New Bidder Registration
The 30-Minute Rule
Terms and Conditions
New to RR Auction?
About Us
Testimonials
Register to Bid
Jobs at RR Auction
Press Releases
Consign to RR Auction
How to Consign
2018 Auction Calendar
Jan 11
Jan 19
Feb 8
Mar 1
Mar 15
Apr 12
Apr 20
Apr 26
May 10
May 18
Jun 14
Jun 23
Jul 12
Jul 20
Aug 9
Aug 17
Sep 13
Sep 13
Sep 27
Oct 11
Oct 19
Oct 26
Nov 8
Nov 16
Dec 6
Dec 14
  More Dates & Deadlines

Item 1 - Isaac Newton Catalog 502 (Jun 2017)

Back To Previous Page
(we are no longer accepting bids on this item)
Minimum Bid: $2,500.00
Sold Price: $53,805.68 (includes buyer's premium)

Description


ADS, signed “Is. Newton,” one page, 5.75 x 3, November 15, 1721. Pay order issued to "the Accountant General of the South Sea Company," John Grigsby. In full: "Pray pay to Dr. Francis Fauquier the four per cent Dividend due at Midsummer last upon sixteen thousand two hundred & seventy two pounds four shillings & nine pence south sea stock in my name & his Receipt shall be your sufficient discharge." Affixed at the left edge to a larger card. In fine condition.

In the spring of 1720, the South Sea Company, created as a public-private partnership to stabilize and reduce the cost of national debt, witnessed an incredible boom in company stock. Newton, a stockholder and the current Master of the Royal Mint, wisely sold off his South Sea shares in late April after nearly doubling his initial investment of around £3,500. However, with prices still rising heading into the fall, Newton reentered with an even higher investment and was soon caught up in the first major ‘bubble’ in stock-market history, losing an estimated £20,000. Unlike many others, Newton survived the crash on the strength of his position at the Royal Mint, but the experience prompted the scientist to famously note that he 'could calculate the motions of the heavenly bodies, but not the madness of the people.' An extremely rare and attractively penned document with an association to one of Newton’s most questionable experiments.

Terms and abbreviations used in our descriptions.


You must be a registered user and logged in to view Past Auction Item Images

If you do not currently have an account, click here to go to our secure registration page.

Important Information


Tips For Consignors

Auctions

For a complete list of auction beginning and ending dates, check our dates and deadlines page.