2025 January 26 Winter U.S. Currency Obsolete Bank Notes Showcase Auction
| Sale Number: | 62379 |
| Location: | Heritage Auctions - Dallas 2801 W. Airport Freeway Dallas, TX 75261 |
| Auction Date: | January 26th at 6 pm CT |
Session 1
Obsoletes By State
Claiborne, AL- Postmaster 6-1/4¢ ND (ca. 1830s-1840s) Gunther-Derby AO-150-$.0625a Rosene 42-1 Remainder (?) PMG Very Fine 20.
Claiborne was an important shipping point and trading center from the end of the War of 1812 until after the Civil War. Bypassed by railroad construction, Claiborne gradually declined in importance and was ultimately considered a ghost town. The note's style is reminiscent of the 1820s to the 1840s, with no ornamentation aside from the borders. The handwritten information is in pencil which is rather unusual, but not unheard of, resulting in two points of view about whether this is a remainder or an issued note. Since the note was receivable at the post office, the common wisdom is that it was likely originally issued by the postmaster. At present we are aware of only two surviving examples of this note, with additional discoveries likely to be few and far between. This note served as the plate note in the 2020 Gunther-Derby state catalog.
Claiborne was an important shipping point and trading center from the end of the War of 1812 until after the Civil War. Bypassed by railroad construction, Claiborne gradually declined in importance and was ultimately considered a ghost town. The note's style is reminiscent of the 1820s to the 1840s, with no ornamentation aside from the borders. The handwritten information is in pencil which is rather unusual, but not unheard of, resulting in two points of view about whether this is a remainder or an issued note. Since the note was receivable at the post office, the common wisdom is that it was likely originally issued by the postmaster. At present we are aware of only two surviving examples of this note, with additional discoveries likely to be few and far between. This note served as the plate note in the 2020 Gunther-Derby state catalog.
Gainesville, AL- Gainesville Insurance Company $1 July 1, 1862 Rosene 107-3 Gunther-Derby AO-216-$1b PMG Very Fine 25.
The Gainesville Insurance Company was organized in 1856. Jonathan Bliss, president of the company, served as the Confederate Depository in Gainesville after his appointment on March 28, 1864. The company's ultimate fate is unclear although it is known to have survived the end of the Civil War and was in business for at least a decade or two after the war. The $1 design is plain with just a small vignette of an early passenger train at top center and two simple end panels. The note was payable in Confederate Treasury Notes or current bank notes when presented in sums of $10. This note is fully issued and repair-free with no meaningful impairments. Gunther-Derby rate this as an R7 note which seems about right as we are presently aware of three examples, two of which have had multiple market appearances in the last two plus decades
The Gainesville Insurance Company was organized in 1856. Jonathan Bliss, president of the company, served as the Confederate Depository in Gainesville after his appointment on March 28, 1864. The company's ultimate fate is unclear although it is known to have survived the end of the Civil War and was in business for at least a decade or two after the war. The $1 design is plain with just a small vignette of an early passenger train at top center and two simple end panels. The note was payable in Confederate Treasury Notes or current bank notes when presented in sums of $10. This note is fully issued and repair-free with no meaningful impairments. Gunther-Derby rate this as an R7 note which seems about right as we are presently aware of three examples, two of which have had multiple market appearances in the last two plus decades
Gainesville, AL- Unknown Merchant Issuer 25¢ 183__ Gunther-Derby AO-222-$.25a Remainder PMG Choice Extremely Fine 45.
It appears that several merchants planned to issue scrip during the Panic of 1837 era using stock designs that could be used by multiple firms. Notes from this series were payable in goods while another series was payable in groceries. This note features a large vignette depicting a very early passenger train going through the countryside flanked by vignettes of a sailing vessel and a sleeping cherub at left (the cherub vignette was likely originally created by Fairman, Draper, Underwood & Co. whose initials appear in the vignette) and Justice standing at right. This note was the plate note in the 2020 Gunther-Derby Alabama state catalog which listed this as an R7 (fewer than six surviving examples) rarity.
It appears that several merchants planned to issue scrip during the Panic of 1837 era using stock designs that could be used by multiple firms. Notes from this series were payable in goods while another series was payable in groceries. This note features a large vignette depicting a very early passenger train going through the countryside flanked by vignettes of a sailing vessel and a sleeping cherub at left (the cherub vignette was likely originally created by Fairman, Draper, Underwood & Co. whose initials appear in the vignette) and Justice standing at right. This note was the plate note in the 2020 Gunther-Derby Alabama state catalog which listed this as an R7 (fewer than six surviving examples) rarity.
Lineville, AL- W(illiam) L. Kerley 25¢ June 5, 1862 Gunther-Derby AO-285-$.25a Rosene 165-1 PMG Very Fine 25.
William L. Kerley is listed as a Merchant / Farmer in the 1860 Federal census for Lineville. He apparently issued this note and others like it in order to facilitate change making in day-to-day commerce. The note incorporates a simple typeset design with decorative end panels and a small vignette of a tree. It was payable in current bank notes when presented in sums of $5. This note served as the plate note in the 2020 Gunther-Derby Alabama state catalog and is fully issued while being free of any repairs or meaningful impairments. This example was first offered by us over two decades ago when it crossed the auction block for $358 and we expect tonight's bidding to push past that price level.
William L. Kerley is listed as a Merchant / Farmer in the 1860 Federal census for Lineville. He apparently issued this note and others like it in order to facilitate change making in day-to-day commerce. The note incorporates a simple typeset design with decorative end panels and a small vignette of a tree. It was payable in current bank notes when presented in sums of $5. This note served as the plate note in the 2020 Gunther-Derby Alabama state catalog and is fully issued while being free of any repairs or meaningful impairments. This example was first offered by us over two decades ago when it crossed the auction block for $358 and we expect tonight's bidding to push past that price level.
Marion, AL- Selma, Marion & Memphis Railroad Co. 25¢ March 1, 1871 Remainder Gunther-Derby (2020) AO-299-$.25a Rosene 178-1 PMG About Uncirculated 55.
After a number of name changes, the railroad operated under this name beginning in 1868. It eventually ended up as part of the Norfolk Southern Railway system. This remainder has the engraved signature of N.B. Forrest. Nathan B. Forrest was a prominent Confederate general during the Civil War and served as this railroad's president in the 1870s. It was not long before the railroad closed due to bankruptcy. This black and green note features two vignettes of laborers at work in the cotton fields, as well as a large green "25" protector at center. A green back with a cotton boll as the central illustration is present. It was payable in merchandise at the company's store. Our current offering bears a very low single digit serial number 5. PMG mentions pinholes.
After a number of name changes, the railroad operated under this name beginning in 1868. It eventually ended up as part of the Norfolk Southern Railway system. This remainder has the engraved signature of N.B. Forrest. Nathan B. Forrest was a prominent Confederate general during the Civil War and served as this railroad's president in the 1870s. It was not long before the railroad closed due to bankruptcy. This black and green note features two vignettes of laborers at work in the cotton fields, as well as a large green "25" protector at center. A green back with a cotton boll as the central illustration is present. It was payable in merchandise at the company's store. Our current offering bears a very low single digit serial number 5. PMG mentions pinholes.
Mobile, AL- Bank of Mobile Spurious $100 Nov. 29, 1845 S5 Gunther-Derby AO 303-$100a PMG Very Fine 30.
The bank was organized during the course of 1818-1819. Although multiple sources suggest that the bank failed in 1866, the bank, in fact, continued in business until 1884 when it went into receivership. This spurious design $100 features an allegorical woman (perhaps Commerce) seated with agricultural and manufacturing symbols, with a train and canal lock in the background. Vignettes of a steamship and train appear at left and right respectively. We are aware of only two surviving examples at present.
The bank was organized during the course of 1818-1819. Although multiple sources suggest that the bank failed in 1866, the bank, in fact, continued in business until 1884 when it went into receivership. This spurious design $100 features an allegorical woman (perhaps Commerce) seated with agricultural and manufacturing symbols, with a train and canal lock in the background. Vignettes of a steamship and train appear at left and right respectively. We are aware of only two surviving examples at present.
Montgomery, AL- Central Bank of Alabama $500 18__ as G28a Gunther-Derby AO-349-$500b as Rosene 231-18 Proof PMG Choice Uncirculated 63.
The bank was organized in 1855 and finally closed its doors within a year or two of the end of the war. Like many high denomination obsolete notes, this note has a relatively simple design with a simple outsized oval bearing the bank's name flanked by oval portraits of Washington and Brigadier General Richard Montgomery, a Revolutionary War officer who died during the invasion of Quebec. There is a light orange overall tint and an orange and white D - 500 - D protector completing the design. The note is printed on India paper with the four POCs in the signature lines. This design and variety was part of the 1990 ABNCo Archives sale, with somewhat ambiguous descriptions making an exact count somewhat problematic. PMG notes that this example has been previously mounted and has lightly penciled collector or archivist annotations on the back.
The bank was organized in 1855 and finally closed its doors within a year or two of the end of the war. Like many high denomination obsolete notes, this note has a relatively simple design with a simple outsized oval bearing the bank's name flanked by oval portraits of Washington and Brigadier General Richard Montgomery, a Revolutionary War officer who died during the invasion of Quebec. There is a light orange overall tint and an orange and white D - 500 - D protector completing the design. The note is printed on India paper with the four POCs in the signature lines. This design and variety was part of the 1990 ABNCo Archives sale, with somewhat ambiguous descriptions making an exact count somewhat problematic. PMG notes that this example has been previously mounted and has lightly penciled collector or archivist annotations on the back.
Phillips, AL- C.V. Phillips & Co. 25¢ Oct. 15, 1862 PMG Very Fine 20.
Redeemable in Confederate Treasury Notes, this excessively rare Alabama scrip is the first appearance of a note from this issuer in one of our auctions since January 2010. That 2010 offering, which was the note in this lot, realized $920. While PMG has stated that this piece is plated in the Rosene reference, there is actually no plate note for this issuer on page 108 in the book. However, this example is plated on page 196 of the Gunther-Derby resource A Comprehensive Guide to Alabama Obsolete Notes 1818-1885. Both denominations for the issuer, the 25¢ and $1, are listed at an R7 rarity in both the Rosene and Gunther-Derby books, 1-5 extant. This note is unique or nearly so. PMG mentions stains and an annotation.
Redeemable in Confederate Treasury Notes, this excessively rare Alabama scrip is the first appearance of a note from this issuer in one of our auctions since January 2010. That 2010 offering, which was the note in this lot, realized $920. While PMG has stated that this piece is plated in the Rosene reference, there is actually no plate note for this issuer on page 108 in the book. However, this example is plated on page 196 of the Gunther-Derby resource A Comprehensive Guide to Alabama Obsolete Notes 1818-1885. Both denominations for the issuer, the 25¢ and $1, are listed at an R7 rarity in both the Rosene and Gunther-Derby books, 1-5 extant. This note is unique or nearly so. PMG mentions stains and an annotation.
Pickensville, AL- S(ampson) Noland 25¢ Mar. 1, 1862 Gunther-Derby AO-397-$.25a PMG Very Fine 20.
Sampson Noland was a merchant and also served as the postmaster in Pickensville, AL. During the Civil War he repurposed unissued Panic of 1837 era notes from nearby Olney, AL. These notes required a bit of modification since they had originally been payable in notes of the Bank of the State of Alabama which had closed and been liquidated in the 1840s. This was accomplished by striking out portions of the text and adding an "s" to "Bank" so that the 1862 version of the text now read: "On demand I will pay to GEO. WASHINGTON or bearer TWENTY FIVE CENTS in Bills of the Banks of Alabama when the amount of Five Dollars is presented. "OLNEY" and "1838" were similarly struck out and replaced with a handwritten 1862 date and town name. PMG mentions that the note has evidence of previous mounting on the back. We last auctioned this note for $376 in our 2016 FUN Currency Signature Auction and expect that price level to be tested this evening. Very rare and likely unique, this note also served as the plate note in the 2020 Gunther-Derby Alabama state catalog.
Sampson Noland was a merchant and also served as the postmaster in Pickensville, AL. During the Civil War he repurposed unissued Panic of 1837 era notes from nearby Olney, AL. These notes required a bit of modification since they had originally been payable in notes of the Bank of the State of Alabama which had closed and been liquidated in the 1840s. This was accomplished by striking out portions of the text and adding an "s" to "Bank" so that the 1862 version of the text now read: "On demand I will pay to GEO. WASHINGTON or bearer TWENTY FIVE CENTS in Bills of the Banks of Alabama when the amount of Five Dollars is presented. "OLNEY" and "1838" were similarly struck out and replaced with a handwritten 1862 date and town name. PMG mentions that the note has evidence of previous mounting on the back. We last auctioned this note for $376 in our 2016 FUN Currency Signature Auction and expect that price level to be tested this evening. Very rare and likely unique, this note also served as the plate note in the 2020 Gunther-Derby Alabama state catalog.
Randolph, AL- T.(?) Lawrence 25¢ Apr. 1862 Gunther-Derby AO-404-$.25a PMG Very Fine 25.
Unfortunately, Lawrence was a very common surname in Bibb County, Alabama when the 1860 Federal census was conducted, with almost all candidates for the issuer of this note being farmers. The note is printed in red with a slightly altered eagle and shield vignette appearing at top center flanked by two 25s and the denomination TWENTY FIVE below. While Lawrence appears to be the last name of the issuer, the first initial is less certain. Previous catalogers have seen it as a "T." What is certain is that this note is quite rare. We last offered this example in 2016 in our FUN Currency Signature Auction where it crossed the auction block for $705, a price level which we expect it to test tonight. This note also served as the plate note in the 2020 Gunther-Derby Alabama state catalog. Rare, possibly unique, and likely to remain so.
Unfortunately, Lawrence was a very common surname in Bibb County, Alabama when the 1860 Federal census was conducted, with almost all candidates for the issuer of this note being farmers. The note is printed in red with a slightly altered eagle and shield vignette appearing at top center flanked by two 25s and the denomination TWENTY FIVE below. While Lawrence appears to be the last name of the issuer, the first initial is less certain. Previous catalogers have seen it as a "T." What is certain is that this note is quite rare. We last offered this example in 2016 in our FUN Currency Signature Auction where it crossed the auction block for $705, a price level which we expect it to test tonight. This note also served as the plate note in the 2020 Gunther-Derby Alabama state catalog. Rare, possibly unique, and likely to remain so.
Mesilla, AZ (Territory)/(New Mexico Territory)- San Augustine Mining Company $100 Each 186_ Remainders Stock Certificates Three Examples PMG Choice About Unc 58.
Produced by the Mesilla Times, these stock certificates were likely printed during the period between 1860 through mid-1862, as that was when the Mesilla Times was in operation. The text states that Mesilla was located in Arizona. At the time, it was part of the short-lived Arizona Territory, which belonged to the Confederate government from August 1861 through July 1862. Today, the city of Mesilla is situated in Southern New Mexico. All three representatives are signed by Secretary James A. Lucas and President Samuel G. Jones. We have offered just four examples of these rare stock certificates prior to now, with the most recent being a raw Choice AU piece that realized $240 in June 2022. PMG mentions annotations on the backs at lower right, and the first certificate in this lot has ink smears in the shape of fingerprints. Maximum shares issued would have been 10,000 and all three examples have earned the same grade as each piece has a single horizontal fold in their stub. This is an excellent opportunity to acquire several pieces of Arizona and New Mexico Territory fiscal history.
Produced by the Mesilla Times, these stock certificates were likely printed during the period between 1860 through mid-1862, as that was when the Mesilla Times was in operation. The text states that Mesilla was located in Arizona. At the time, it was part of the short-lived Arizona Territory, which belonged to the Confederate government from August 1861 through July 1862. Today, the city of Mesilla is situated in Southern New Mexico. All three representatives are signed by Secretary James A. Lucas and President Samuel G. Jones. We have offered just four examples of these rare stock certificates prior to now, with the most recent being a raw Choice AU piece that realized $240 in June 2022. PMG mentions annotations on the backs at lower right, and the first certificate in this lot has ink smears in the shape of fingerprints. Maximum shares issued would have been 10,000 and all three examples have earned the same grade as each piece has a single horizontal fold in their stub. This is an excellent opportunity to acquire several pieces of Arizona and New Mexico Territory fiscal history.
Brownsville, (AR)- Treasurer of Prairie County 5¢ Nov. 13, 1862 Rothert 81-2 Very Fine.
A county issue payable to the bearer "out of any money in the Treasury." The note's legitimacy is verified by the presence of a barely visible blind embossed seal. This is the only time we have offered the 5¢ denomination on this issuer. Previously, we have auctioned two 10¢ and one $1 example on this rare issuer. Arkansas Obsolete Notes and Scrip by Matt Rothert, Sr. lists only three denominations, 5¢, 10¢, and $1. The top edge has a small spot.
A county issue payable to the bearer "out of any money in the Treasury." The note's legitimacy is verified by the presence of a barely visible blind embossed seal. This is the only time we have offered the 5¢ denomination on this issuer. Previously, we have auctioned two 10¢ and one $1 example on this rare issuer. Arkansas Obsolete Notes and Scrip by Matt Rothert, Sr. lists only three denominations, 5¢, 10¢, and $1. The top edge has a small spot.
Little Rock, AR- Cincinnati & Little Rock Slate Compy. $10 March 1, 1855 Rothert 409-9 Proof PMG Gem Uncirculated 66 EPQ.
This on demand instrument, styled like a banknote from the period, had a finely concealed clause stating "...less exchange" at the office in New York, which would allow redemptions at their whim, not the holder. Impressively engraved India paper Proof by Danforth, Wright & Co. Brick masons at work center with Jackson lower left. A beautiful Gem example. Rare. Six POCs appear in the signature lines.
This on demand instrument, styled like a banknote from the period, had a finely concealed clause stating "...less exchange" at the office in New York, which would allow redemptions at their whim, not the holder. Impressively engraved India paper Proof by Danforth, Wright & Co. Brick masons at work center with Jackson lower left. A beautiful Gem example. Rare. Six POCs appear in the signature lines.
(Little Rock), AR- State of Arkansas $50 Nov. 13, 1861 Cr. 17A PMG Choice Extremely Fine 45.
The state issued some warrants with handwritten denominations to satisfy requirements for amounts not as easily accomplished with the approved printed denominations that topped out at $10. This is a rare note (Shull estimated a surviving population of perhaps 5-15 examples) printed on white paper with a vignette of a Native American warrior brandishing a tomahawk and holding a bow at left. Minor repairs are mentioned by PMG which appear to be limited to a couple of short sealed edge splits in the bottom margin.
The state issued some warrants with handwritten denominations to satisfy requirements for amounts not as easily accomplished with the approved printed denominations that topped out at $10. This is a rare note (Shull estimated a surviving population of perhaps 5-15 examples) printed on white paper with a vignette of a Native American warrior brandishing a tomahawk and holding a bow at left. Minor repairs are mentioned by PMG which appear to be limited to a couple of short sealed edge splits in the bottom margin.
(Osceola), AR- Mississippi County $50 Swamp Land Scrip Sep. 29, 1856 PMG Very Fine 25.
As the Encyclopedia of Arkansas notes, "The federal Swamp Land Act of 1850 granted swamp and overflowed land to the state for it to sell. Proceeds from the sales would go to the building of levees and drains. Mississippi County has the largest amount of swamp and overflowed land of any of the other counties included in the surveyor general's report in 1852." This scrip certificate, printed on blue paper, was issued in 1856 to pay the workmen on these projects. Alternatively it could be redeemed for the purchase of these lands by parties interested in settling there. We have offered four of these scrip certificates in the last two decades. PMG indicates that the note has been the recipient of minor restoration.
As the Encyclopedia of Arkansas notes, "The federal Swamp Land Act of 1850 granted swamp and overflowed land to the state for it to sell. Proceeds from the sales would go to the building of levees and drains. Mississippi County has the largest amount of swamp and overflowed land of any of the other counties included in the surveyor general's report in 1852." This scrip certificate, printed on blue paper, was issued in 1856 to pay the workmen on these projects. Alternatively it could be redeemed for the purchase of these lands by parties interested in settling there. We have offered four of these scrip certificates in the last two decades. PMG indicates that the note has been the recipient of minor restoration.
Peters Landing, AR- George B. Peters 50¢ ND (ca. 1873-77) Rothert 550-2 PMG Extremely Fine 40.
An extremely rare note issued by a doctor who had a plantation at this location, but who also maintained a practice in nearby Memphis. Although undated, Rothert indicates an issue period between 1873 and 1877, which seems logical, as Lee County was formed in 1873. The 50¢ design features an oval portrait of Franklin and has an attractive green 50 back design. This may be the plate note from Rothert's Arkansas catalog and is the first fractional note we have offered from this rare Arkansas issuer. PMG mentions a pinhole (just to the left of FIFTY on the face) and a couple of minor stains. Experienced Arkansas collectors will forgive those minor faults on a note of this rarity.
An extremely rare note issued by a doctor who had a plantation at this location, but who also maintained a practice in nearby Memphis. Although undated, Rothert indicates an issue period between 1873 and 1877, which seems logical, as Lee County was formed in 1873. The 50¢ design features an oval portrait of Franklin and has an attractive green 50 back design. This may be the plate note from Rothert's Arkansas catalog and is the first fractional note we have offered from this rare Arkansas issuer. PMG mentions a pinhole (just to the left of FIFTY on the face) and a couple of minor stains. Experienced Arkansas collectors will forgive those minor faults on a note of this rarity.
Washington, AR- Real Estate Bank of the State of Arkansas $5 Jan. 1, 1840 G90 Rothert 680-1 PMG Very Fine 20.
Washington served as a location for one of the bank's four branches. The Real Estate Bank was organized in 1836 but was soon overwhelmed by a bad national economy and less than prudent business practices. It had a slow lingering death that did not completely conclude until after the Civil War. From a practical standpoint, the bank was dead in 1842-43 when its assets were assigned to receivers. This fantastically elaborate $5, issued in 1840, depicts a busy river landing scene flanked by a rendition of the Arkansas coat of arms and a vignette of Washington on horseback at right. Rothert rated this note as an R7 type, with fewer than six surviving examples believed to exist. That assessment still appears to be pretty accurate as we are aware of only three different notes, including the note illustrated in Haxby, at present.
Washington served as a location for one of the bank's four branches. The Real Estate Bank was organized in 1836 but was soon overwhelmed by a bad national economy and less than prudent business practices. It had a slow lingering death that did not completely conclude until after the Civil War. From a practical standpoint, the bank was dead in 1842-43 when its assets were assigned to receivers. This fantastically elaborate $5, issued in 1840, depicts a busy river landing scene flanked by a rendition of the Arkansas coat of arms and a vignette of Washington on horseback at right. Rothert rated this note as an R7 type, with fewer than six surviving examples believed to exist. That assessment still appears to be pretty accurate as we are aware of only three different notes, including the note illustrated in Haxby, at present.
Oakland, CA- W. Wilson Ad Note $5 Tiffany Commission Scrip ND (ca. 1873-74) PMG Choice Uncirculated 64.
William Wilson was a watch, clock, and chronometer maker who also handled allied product lines like jewelry, silver items, and so forth. He issued so-called Tiffany Commission Scrip as a way to incentivize cash sales during the early part of of the Panic of 1873 by offering a 5% discount on such sales. The face of the note features a large sailing vessel flanked by vignettes of sailor on deck and Justice seated. The back of the advertising note has detailed information on the issuer, his product lines, and the terms of the program for redeeming scrip. A neat West Coast example of Tiffany Commission Scrip in premium condition.
William Wilson was a watch, clock, and chronometer maker who also handled allied product lines like jewelry, silver items, and so forth. He issued so-called Tiffany Commission Scrip as a way to incentivize cash sales during the early part of of the Panic of 1873 by offering a 5% discount on such sales. The face of the note features a large sailing vessel flanked by vignettes of sailor on deck and Justice seated. The back of the advertising note has detailed information on the issuer, his product lines, and the terms of the program for redeeming scrip. A neat West Coast example of Tiffany Commission Scrip in premium condition.
San Francisco, CA- J.A. Crosby "3" Ad Note Vlack UNL ND ca. 1860s-70s PMG Very Fine 30.
J.A. Crosby was a real estate agent with offices in San Francisco and Central City, CA. This note is designed much like the 1862 Greenback large size notes of the era. There are just two other examples extant at present. PMG mentions a small tear at left.
J.A. Crosby was a real estate agent with offices in San Francisco and Central City, CA. This note is designed much like the 1862 Greenback large size notes of the era. There are just two other examples extant at present. PMG mentions a small tear at left.
Danbury, CT- Pahquioque Bank $1 18__ G32b Proof PMG Choice Uncirculated 63.
Operating from 1854-65, this bank was named for the Native American inhabitants in the Danbury area. A machinist with his hammer and anvil is at left, a Native American gazing into the distance at civilization is at center, and Liberty with her pole, cap, and shield is at right. There are two examples known, including our current offering. No forms of cancellation are present. PMG mentions a small tear in the India paper. We last auctioned this exact Proof note in March 2021, when it brought $456.
Operating from 1854-65, this bank was named for the Native American inhabitants in the Danbury area. A machinist with his hammer and anvil is at left, a Native American gazing into the distance at civilization is at center, and Liberty with her pole, cap, and shield is at right. There are two examples known, including our current offering. No forms of cancellation are present. PMG mentions a small tear in the India paper. We last auctioned this exact Proof note in March 2021, when it brought $456.
Falls Village, CT- Iron Bank $5-$5-$5-$10 18__ as G8-as G10-G12c-G14c Uncut Sheet PMG Gem Uncirculated 65 EPQ.
The Iron Bank was incorporated in 1847 and remained in business until becoming the National Iron Bank of Falls Village in 1865. This sheet comprises three $5s and a $10 printed by ABNCo with a striking red overall tint and slightly darker red signature panels. The $5s each feature a different center vignette; the Aa plate $5 depicts two iron workers at a furnace, the Bb plate $5 has a custom vignette of the Great Falls on the Housatonic River at Falls Village, and the Bc plate $5 depicts two men on horseback driving a herd of mixed livestock toward a covered bridge. The $10 has a vignette of an iron worker which also served, in cut down form, as the left vignette on each $5. While we have handled a number of remainder $5s and $10s, this is only the second uncut sheet to be offered in one of our public auctions. At present, this sheet is the "top pop" example out of six recorded in the PMG Population Report, sharing that spot with one other sheet.
The Iron Bank was incorporated in 1847 and remained in business until becoming the National Iron Bank of Falls Village in 1865. This sheet comprises three $5s and a $10 printed by ABNCo with a striking red overall tint and slightly darker red signature panels. The $5s each feature a different center vignette; the Aa plate $5 depicts two iron workers at a furnace, the Bb plate $5 has a custom vignette of the Great Falls on the Housatonic River at Falls Village, and the Bc plate $5 depicts two men on horseback driving a herd of mixed livestock toward a covered bridge. The $10 has a vignette of an iron worker which also served, in cut down form, as the left vignette on each $5. While we have handled a number of remainder $5s and $10s, this is only the second uncut sheet to be offered in one of our public auctions. At present, this sheet is the "top pop" example out of six recorded in the PMG Population Report, sharing that spot with one other sheet.
Falls Village, CT- Iron Bank $5 18__ Remainder G12c PMG Superb Gem Unc 68 EPQ.
An intricate vignette of farmers with their livestock is featured at center on this pristine Connecticut remainder. This central depiction is flanked by a portrait of Benjamin Franklin at right and an iron worker at left. Six other examples are certified at this level according to the PMG Population Report, with just a single piece finer.
An intricate vignette of farmers with their livestock is featured at center on this pristine Connecticut remainder. This central depiction is flanked by a portrait of Benjamin Franklin at right and an iron worker at left. Six other examples are certified at this level according to the PMG Population Report, with just a single piece finer.
Falls Village, CT- Iron Bank $10 18__ Remainder G14c PMG Superb Gem Unc 67 EPQ.
The $10 is the highest denomination currently available to collectors from the Iron Bank of Falls Village, CT. According to the Whitman Encyclopedia of Obsolete Paper Money: Volume 2 by Q. David Bowers, a $20 was emitted, but none are known to exist today. The face of the beauty in this lot features several historical American figures, including George Washington at lower left, Chief Justice John Marshall at lower right, John Adams at upper left, and Andrew Jackson at upper right. A depiction of an industrial worker is at top center, and a red tint completes the design. Our current offering is tied with two others for finest graded by PMG according to the PMG Population Report.
The $10 is the highest denomination currently available to collectors from the Iron Bank of Falls Village, CT. According to the Whitman Encyclopedia of Obsolete Paper Money: Volume 2 by Q. David Bowers, a $20 was emitted, but none are known to exist today. The face of the beauty in this lot features several historical American figures, including George Washington at lower left, Chief Justice John Marshall at lower right, John Adams at upper left, and Andrew Jackson at upper right. A depiction of an industrial worker is at top center, and a red tint completes the design. Our current offering is tied with two others for finest graded by PMG according to the PMG Population Report.
Hartford, CT- City Bank of Hartford $10 18__ G16P Proof PMG Gem Uncirculated 66 EPQ.
The City Bank of Hartford was organized in 1851 and remained in business until 1863, when it became the City National Bank of Hartford, charter 1377. This $10 features Liberty seated by a shield at center flanked by vignettes of two farmers gathering hay at left and a Native American mother holding her child at right. The central vignette is reminiscent of the style utilized in the central depiction on the T17 Confederate Treasury Notes of 1861. There are four punch cancels in the signature spaces. We last auctioned this piece in June 2023 for $720.
The City Bank of Hartford was organized in 1851 and remained in business until 1863, when it became the City National Bank of Hartford, charter 1377. This $10 features Liberty seated by a shield at center flanked by vignettes of two farmers gathering hay at left and a Native American mother holding her child at right. The central vignette is reminiscent of the style utilized in the central depiction on the T17 Confederate Treasury Notes of 1861. There are four punch cancels in the signature spaces. We last auctioned this piece in June 2023 for $720.
Hartford, CT- Exchange Bank $2 18__ G24P Proof PMG Gem Uncirculated 65 EPQ.
The Exchange Bank was organized in 1834 and remained in business until 1864, when it was succeeded by the National Exchange Bank of Hartford, charter 361. This piece features America with a shield leaning on a pillar at left, a large locomotive vignette at center, and Liberty with her pole and cap, shield, and eagle at right. We have auctioned a note of this design just once prior to now. That offering, which was none other than our current one, realized $576 in June 2020. There are five punch cancels contained in the signature lines.
The Exchange Bank was organized in 1834 and remained in business until 1864, when it was succeeded by the National Exchange Bank of Hartford, charter 361. This piece features America with a shield leaning on a pillar at left, a large locomotive vignette at center, and Liberty with her pole and cap, shield, and eagle at right. We have auctioned a note of this design just once prior to now. That offering, which was none other than our current one, realized $576 in June 2020. There are five punch cancels contained in the signature lines.
Hartford, CT- Farmers & Mechanics Bank $5 18__ G22 Proof PMG Gem Uncirculated 65 EPQ.
The bank was organized circa 1833 and remained in business until becoming the Farmers and Mechanics National Bank of Hartford in June 1865. The $5b design features a large vignette inspired by the painting Pat Lyon at the Forge done by John Neagle. This is flanked by two oval cameo-like medallion head FIVE counters. The left end panel contains a vignette of a man seated, wearing a toga identified by some sources as George Washington. The right end panel has a more conventional vignette of a herd of cattle. The note is printed on India paper mounted on cardstock with four POCs in the signature lines. Three examples of this note appeared in the 1990 ABNCo Archives sale and Haxby was aware of, and listed, the note in Proof form in his 1988 catalog suggesting a possible population of perhaps six or so examples in Proof form.
The bank was organized circa 1833 and remained in business until becoming the Farmers and Mechanics National Bank of Hartford in June 1865. The $5b design features a large vignette inspired by the painting Pat Lyon at the Forge done by John Neagle. This is flanked by two oval cameo-like medallion head FIVE counters. The left end panel contains a vignette of a man seated, wearing a toga identified by some sources as George Washington. The right end panel has a more conventional vignette of a herd of cattle. The note is printed on India paper mounted on cardstock with four POCs in the signature lines. Three examples of this note appeared in the 1990 ABNCo Archives sale and Haxby was aware of, and listed, the note in Proof form in his 1988 catalog suggesting a possible population of perhaps six or so examples in Proof form.
Hartford, CT- Farmers & Mechanics Bank $10 18__ G24P Proof PMG Uncirculated 62.
At left and right are identical vignettes of Commerce with a caduceus and Prosperity with a cornucopia, and at center is a depiction of Hebe with an eagle flanked by medallion heads. The overall note was engraved by Draper, Underwood, Bald & Spencer, while the individual vignettes were engraved by Christian Gobrecht. We have only auctioned one example of this scarce Proof prior to now. That piece, which was the same note as our current offering, realized $528 in June 2020. PMG mentions an internal tear, and there are four large punch cancels.
At left and right are identical vignettes of Commerce with a caduceus and Prosperity with a cornucopia, and at center is a depiction of Hebe with an eagle flanked by medallion heads. The overall note was engraved by Draper, Underwood, Bald & Spencer, while the individual vignettes were engraved by Christian Gobrecht. We have only auctioned one example of this scarce Proof prior to now. That piece, which was the same note as our current offering, realized $528 in June 2020. PMG mentions an internal tear, and there are four large punch cancels.
Hartford, CT- Farmers and Mechanics Bank $20 18__ G30P Proof PMG Choice Uncirculated 64.
The Farmers and Mechanics Bank of Hartford was chartered in 1833, and in 1865, it was closed to make way for the Farmers and Mechanics National Bank of Hartford, charter 1321. At center is a depiction of farmers deep in conversation, and at right is Ceres with her sickle and bundles of wheat kneeling beside another female. Printed on India paper mounted on cardstock, this lovely piece has six punch cancels in the signature lines. We auctioned a PMG 65 EPQ in December 2023 for $468.
The Farmers and Mechanics Bank of Hartford was chartered in 1833, and in 1865, it was closed to make way for the Farmers and Mechanics National Bank of Hartford, charter 1321. At center is a depiction of farmers deep in conversation, and at right is Ceres with her sickle and bundles of wheat kneeling beside another female. Printed on India paper mounted on cardstock, this lovely piece has six punch cancels in the signature lines. We auctioned a PMG 65 EPQ in December 2023 for $468.
Hartford, CT- Hartford Bank $1 18__ UNL Proof PMG Choice Uncirculated 64.
After a meeting in David Bull's tavern in Hartford, CT, the Hartford Bank was chartered in 1792, with its doors opening on August 8 of that year. This bank lasted for a long period of time, closing when the Hartford National Bank, charter 1338, was opened on July 1, 1865. This scarce Proof features a portrait of popular singer Jenny Lind at right, George Washington surrounded by allegorical females and an eagle at center, and an illustration of a young woman at left. An intricate red tint is also present on the face. This Proof is unlisted in Haxby because it does not have the additional ABNCo monogram. We last auctioned this exact piece in December 2021 for $480. There are six punch cancels in the signature lines.
After a meeting in David Bull's tavern in Hartford, CT, the Hartford Bank was chartered in 1792, with its doors opening on August 8 of that year. This bank lasted for a long period of time, closing when the Hartford National Bank, charter 1338, was opened on July 1, 1865. This scarce Proof features a portrait of popular singer Jenny Lind at right, George Washington surrounded by allegorical females and an eagle at center, and an illustration of a young woman at left. An intricate red tint is also present on the face. This Proof is unlisted in Haxby because it does not have the additional ABNCo monogram. We last auctioned this exact piece in December 2021 for $480. There are six punch cancels in the signature lines.
Hartford, CT- Bank of Hartford County $5 18__ as G8 Proof PMG Choice Uncirculated 63.
The bank began life as the American Bank in 1852, changing its name to the Bank of Hartford County in 1855. It then remained in business until becoming the American National Bank of Hartford in 1865. The $5 design features the state free banking die at right (this note was designed to be used during the bank's earlier "free bank" period) and a detailed vignette of a passenger train emerging from under a bridge at left. A small vignette of a maiden in water is below. As an interesting deterrent to fraudulently raising the the note's value, five intricate Cyrus Durand-patented lathework strips appear at right, equal to the denomination. This was designed to defeat attempts to raise a note to a higher denomination as each denomination had a number of strips equal to the denomination up to $5. The note is printed on India paper with eight POCs in the signature lines. There were sixteen examples of this note in the 1990 ABNCo Archives sale. PMG indicates that the note has evidence of previous mounting and has an "as-made" wrinkle in the paper.
The bank began life as the American Bank in 1852, changing its name to the Bank of Hartford County in 1855. It then remained in business until becoming the American National Bank of Hartford in 1865. The $5 design features the state free banking die at right (this note was designed to be used during the bank's earlier "free bank" period) and a detailed vignette of a passenger train emerging from under a bridge at left. A small vignette of a maiden in water is below. As an interesting deterrent to fraudulently raising the the note's value, five intricate Cyrus Durand-patented lathework strips appear at right, equal to the denomination. This was designed to defeat attempts to raise a note to a higher denomination as each denomination had a number of strips equal to the denomination up to $5. The note is printed on India paper with eight POCs in the signature lines. There were sixteen examples of this note in the 1990 ABNCo Archives sale. PMG indicates that the note has evidence of previous mounting and has an "as-made" wrinkle in the paper.
Hartford, CT- Merchants and Manufacturers Bank $20 Oct. 1, 1857 G20P Proof PMG Choice Uncirculated 63.
The bank was organized around 1857 and remained in business until becoming the First National Bank of Hartford in 1864. The $20 design features a vignette titled Prosperity depicting allegorical women representing Prosperity and Industry seated by an anvil at center. This is flanked by vignettes of Justice seated at left and a deer in a brook at right. An arched green protector panel, incorporating a green TWENTY protector covers the bottom 40% or so of the note completes the design. The note is printed on India paper and retains it original vibrant colors. This design was not represented in the 1990 ABNCo Archives sale but was known to, and illustrated by, Haxby in Proof form. Aside from the first appearance of this note in our 2020 FUN Currency Signature Auction, we are unaware of any other recent appearances.
The bank was organized around 1857 and remained in business until becoming the First National Bank of Hartford in 1864. The $20 design features a vignette titled Prosperity depicting allegorical women representing Prosperity and Industry seated by an anvil at center. This is flanked by vignettes of Justice seated at left and a deer in a brook at right. An arched green protector panel, incorporating a green TWENTY protector covers the bottom 40% or so of the note completes the design. The note is printed on India paper and retains it original vibrant colors. This design was not represented in the 1990 ABNCo Archives sale but was known to, and illustrated by, Haxby in Proof form. Aside from the first appearance of this note in our 2020 FUN Currency Signature Auction, we are unaware of any other recent appearances.
Hartford, CT- Phoenix Bank $5 18__ UNL Proof PMG Choice About Unc 58.
The bank was organized in 1814 and remained in business until becoming the Phoenix National Bank of Hartford in 1865. This design features allegorical women and a cherub surrounding a large 5 at center. A small oval portrait of Lafayette is at left and a vignette of Justice standing with the motto FIAT JUSTITIA (Let Justice be Done) is at right. A vignette of the sword and scales of Justice appear at bottom center. The note is printed on India paper. It is likely that this note was once part of an uncut sheet of four $5s that appeared in the 1990 ABNCo Archives sale, Lot 78. That sheet probably is the only source for surviving notes of this design in Proof form.
The bank was organized in 1814 and remained in business until becoming the Phoenix National Bank of Hartford in 1865. This design features allegorical women and a cherub surrounding a large 5 at center. A small oval portrait of Lafayette is at left and a vignette of Justice standing with the motto FIAT JUSTITIA (Let Justice be Done) is at right. A vignette of the sword and scales of Justice appear at bottom center. The note is printed on India paper. It is likely that this note was once part of an uncut sheet of four $5s that appeared in the 1990 ABNCo Archives sale, Lot 78. That sheet probably is the only source for surviving notes of this design in Proof form.
Jewett City, CT- Jewett City Bank $1 18__ G6P Proof PMG Gem Uncirculated 65 EPQ.
In May 1831, the Jewett City Bank was chartered. Not all members of the board of directors were residents of the state of Connecticut, but by early 1841, that had changed. In 1865, the Jewett City National Bank, charter 1478, was opened, dissolving the Jewett City Bank. The $1 Proof in this lot features a portrait of President Zachary Taylor at left, along with vignettes of a farmer with his sheep at center and a steam train at right. According to Bowers, there are around 3-4 Proofs of this design (URS-3) extant. We have auctioned a scant two examples prior to now. The most recent we offered, a PMG 64, brought $480 in April 2024. There are six punch cancels present in the signature lines.
In May 1831, the Jewett City Bank was chartered. Not all members of the board of directors were residents of the state of Connecticut, but by early 1841, that had changed. In 1865, the Jewett City National Bank, charter 1478, was opened, dissolving the Jewett City Bank. The $1 Proof in this lot features a portrait of President Zachary Taylor at left, along with vignettes of a farmer with his sheep at center and a steam train at right. According to Bowers, there are around 3-4 Proofs of this design (URS-3) extant. We have auctioned a scant two examples prior to now. The most recent we offered, a PMG 64, brought $480 in April 2024. There are six punch cancels present in the signature lines.
New London, (CT)- Union Bank in New London Counterfeit $20 Sep. ?, 1799 Good, Mounted to Letter.
On November 12, 1805, in Litchfield, CT, Moses Seymour penned this letter to A. Kingsbury asking that he send the $20 counterfeit attached to the letter. Kingsbury had received a complaint from "Esqr. Mosley" that the note was a forgery. The note has rough edges and several tears.
On November 12, 1805, in Litchfield, CT, Moses Seymour penned this letter to A. Kingsbury asking that he send the $20 counterfeit attached to the letter. Kingsbury had received a complaint from "Esqr. Mosley" that the note was a forgery. The note has rough edges and several tears.
New Milford, CT- Bank of Litchfield County $1 18__ as G2 Proof PMG Superb Gem Unc 67 EPQ.
The bank was organized in 1852 and remained in business, first as a free bank and then as a chartered bank, until succeeded by the First National Bank of New Milford in 1865. The $1 design features two farmers harvesting with two large scythes flanked by a vignette of a milkmaid at left, two small vignettes of a dog and quail below, and the state free banking die at right. The note is printed on India paper with six POCs in the signature lines mounted on cardstock which is, in turn, mounted to a Danforth Bald & Co. archive book card. There were seven examples of this note in the 1990 ABNCo Archives sale. We last auctioned this premium condition note in June 2020 for $576.
The bank was organized in 1852 and remained in business, first as a free bank and then as a chartered bank, until succeeded by the First National Bank of New Milford in 1865. The $1 design features two farmers harvesting with two large scythes flanked by a vignette of a milkmaid at left, two small vignettes of a dog and quail below, and the state free banking die at right. The note is printed on India paper with six POCs in the signature lines mounted on cardstock which is, in turn, mounted to a Danforth Bald & Co. archive book card. There were seven examples of this note in the 1990 ABNCo Archives sale. We last auctioned this premium condition note in June 2020 for $576.
Norwich, CT- Merchants Bank $5 18__ G20 Proof PMG Choice Uncirculated 63.
The bank was organized in 1833 and remained in business until 1865 when it was succeeded by the Merchants National Bank of Norwich. The $5 design features a very large passenger train vignette, flanked by an unidentified oval male portrait taken from life and a small vignette of a sailor who is seated on a bale holding a telescope. The note is printed on India paper with no form of cancellation present in the signature lines. Sources indicate a surviving Proof population of around six examples for this note which we last auctioned in 2020 for $432.
The bank was organized in 1833 and remained in business until 1865 when it was succeeded by the Merchants National Bank of Norwich. The $5 design features a very large passenger train vignette, flanked by an unidentified oval male portrait taken from life and a small vignette of a sailor who is seated on a bale holding a telescope. The note is printed on India paper with no form of cancellation present in the signature lines. Sources indicate a surviving Proof population of around six examples for this note which we last auctioned in 2020 for $432.
Norwich, CT- Norwich Bank $5 18__ as G224 Proof PMG Choice About Unc 58.
The Norwich Bank was organized in 1796 and remained in business for nearly seven decades until succeeded by the Norwich National Bank in 1865. The $5 design features a vignette of three putti playing on the shore flanked by vignettes of a sailor holding a telescope and an eagle standing on a federal shield holding arrows and an olive branch. A maiden in water appears below. The note is printed on India paper with six POCs in the signature lines. PMG notes evidence of previous mounting (hinge remnants and mounting residue on the left and right margins). These are telltale signs that the note probably predates the one other example that appeared in the 1990 ABNCo Archives sale since D.C. Wismer, pioneering obsoletes cataloger and collector, favored this mounting method in the 1920s and 30s. In any case, the number of surviving Proofs of this SENC design is likely limited to just two or three examples.
The Norwich Bank was organized in 1796 and remained in business for nearly seven decades until succeeded by the Norwich National Bank in 1865. The $5 design features a vignette of three putti playing on the shore flanked by vignettes of a sailor holding a telescope and an eagle standing on a federal shield holding arrows and an olive branch. A maiden in water appears below. The note is printed on India paper with six POCs in the signature lines. PMG notes evidence of previous mounting (hinge remnants and mounting residue on the left and right margins). These are telltale signs that the note probably predates the one other example that appeared in the 1990 ABNCo Archives sale since D.C. Wismer, pioneering obsoletes cataloger and collector, favored this mounting method in the 1920s and 30s. In any case, the number of surviving Proofs of this SENC design is likely limited to just two or three examples.
Norwich, (CT)- Norwich Bank Counterfeit $10 Jan. 1, 1801 About Good-Good, Mounted on Letter.
An interesting piece of monetary history, the counterfeit note hails from a very early bank. Elisha Colt, the receiver of this note, appointed "A. Kingsbury, Jus(tice of the) Peace," to witness that Colt was presented with this counterfeit note by William Watson. The note is mounted to the letter and is severed entirely at right. It also has several edge tears.
An interesting piece of monetary history, the counterfeit note hails from a very early bank. Elisha Colt, the receiver of this note, appointed "A. Kingsbury, Jus(tice of the) Peace," to witness that Colt was presented with this counterfeit note by William Watson. The note is mounted to the letter and is severed entirely at right. It also has several edge tears.
Norwich, CT- Shetucket Bank $1 Jan. 1, 186_ Remainder G20c PMG Gem Uncirculated 66 EPQ.
The Shetucket Bank was organized in 1852 but did not open until September 1, 1853. It closed approximately twelve years later, on July 1, 1865. The Shetucket National Bank of Norwich, charter 1379, took its place. At left on this $1 Obsolete is a female portrait, at center is a mother and father with their child, and at right is a sailor leaning on a capstan. This note is just as nice as the day it was printed.
The Shetucket Bank was organized in 1852 but did not open until September 1, 1853. It closed approximately twelve years later, on July 1, 1865. The Shetucket National Bank of Norwich, charter 1379, took its place. At left on this $1 Obsolete is a female portrait, at center is a mother and father with their child, and at right is a sailor leaning on a capstan. This note is just as nice as the day it was printed.
Norwich, CT- Thames Bank $5 July 1, 1862 Haxby UNL Proprietary Proof PMG Gem Uncirculated 65 EPQ.
Representing a design unlisted in the Haxby reference, this lovely Proprietary Proof was printed from the original plates. The Thames Bank was chartered May 1825 and closed in December 1864, ushering in the Thames National Bank of Norwich, charter 657.
Representing a design unlisted in the Haxby reference, this lovely Proprietary Proof was printed from the original plates. The Thames Bank was chartered May 1825 and closed in December 1864, ushering in the Thames National Bank of Norwich, charter 657.
Rockville, CT- Rockville Bank $1 185_ G2P Proof PMG Choice Uncirculated 64.
This beautiful Connecticut Proof is from a bank which opened in 1855 and closed in 1864. At right is a portrait of Daniel Webster, the famous statesman who served as the 14th and 19th Secretary of State. He was also a congressman representing New Hampshire and Massachusetts. At center are women tending textile machines. There are no meaningful condition impairments. Four punch cancels are located in the signature lines, a common occurrence for Proofs from this era of banking.
This beautiful Connecticut Proof is from a bank which opened in 1855 and closed in 1864. At right is a portrait of Daniel Webster, the famous statesman who served as the 14th and 19th Secretary of State. He was also a congressman representing New Hampshire and Massachusetts. At center are women tending textile machines. There are no meaningful condition impairments. Four punch cancels are located in the signature lines, a common occurrence for Proofs from this era of banking.
Rockville, CT- Rockville Bank $3 185_ G6P Proof PMG Choice Uncirculated 64 EPQ.
This fully framed beauty is from a popular Connecticut bank. Printed wholly in black and white with a pink ABNCo stamp on the back, this piece features vignettes of a Native American woman near a tepee at left, cattle with a milkmaid at center, and the allegorical females Hope, Ceres, and Industry at right. There are four punch cancels present in the signature lines.
This fully framed beauty is from a popular Connecticut bank. Printed wholly in black and white with a pink ABNCo stamp on the back, this piece features vignettes of a Native American woman near a tepee at left, cattle with a milkmaid at center, and the allegorical females Hope, Ceres, and Industry at right. There are four punch cancels present in the signature lines.
Rockville, CT- Rockville Bank $5 185_ G8P Proof PMG Gem Uncirculated 65 EPQ.
The Rockville Bank was formed in 1855, and it closed in 1864. The Rockville National Bank was opened in its place, charter 509. This lovely Proof features a vignette at center of two boys bringing home a wagonload of hay. A female portrait is at right, and a family of ducks is at bottom center. A red-orange tint completes the design. We last auctioned this exact note in December 2021, when it realized $480. There are six punch cancels in the signature lines.
The Rockville Bank was formed in 1855, and it closed in 1864. The Rockville National Bank was opened in its place, charter 509. This lovely Proof features a vignette at center of two boys bringing home a wagonload of hay. A female portrait is at right, and a family of ducks is at bottom center. A red-orange tint completes the design. We last auctioned this exact note in December 2021, when it realized $480. There are six punch cancels in the signature lines.
Seymour, CT- Bank of North America $1 18__ as G2 Proof PCGS Choice New 63.
The bank was organized in 1852 and remained in business until suspending on September 30, 1857 and being placed in receivership. Apparently the bank survived this turn of events and in 1861 the legislature approved a name and location change, with the bank becoming the Ansonia Bank, located in Ansonia, CT, some four miles distant from Seymour. Note designs were identical for both banks. The $1 features a large vignette of Fame blowing a trumpet by a globe at center flanked by a vignette of a young woman holding dividers on a book at upper left and a portrait of Colonel David Humphreys, secretary and speech writer for George Washington. The note is printed on India paper with four POCs in the signature lines. Neither Bowers nor Haxby record this note in Proof form and the note was not part of the landmark 1990 ABNCo Archives sale. It is likely that it is unique or nearly so in Proof form.
The bank was organized in 1852 and remained in business until suspending on September 30, 1857 and being placed in receivership. Apparently the bank survived this turn of events and in 1861 the legislature approved a name and location change, with the bank becoming the Ansonia Bank, located in Ansonia, CT, some four miles distant from Seymour. Note designs were identical for both banks. The $1 features a large vignette of Fame blowing a trumpet by a globe at center flanked by a vignette of a young woman holding dividers on a book at upper left and a portrait of Colonel David Humphreys, secretary and speech writer for George Washington. The note is printed on India paper with four POCs in the signature lines. Neither Bowers nor Haxby record this note in Proof form and the note was not part of the landmark 1990 ABNCo Archives sale. It is likely that it is unique or nearly so in Proof form.
Southport, CT- Southport Bank $2 18__ as G4a Proof PMG About Uncirculated 53.
Three workmen gather to 'solve all the world's problems' on this attractive red-brown and black Proof. PMG mentions small tears (one in the top margin at the "C" in CONNECTICUT and one in the lower left margin near the stern of the ship). These, along with the usual POCs in the signature lines, are noted and have minimal impact on this note's desirability. The sole example graded by PMG.
Three workmen gather to 'solve all the world's problems' on this attractive red-brown and black Proof. PMG mentions small tears (one in the top margin at the "C" in CONNECTICUT and one in the lower left margin near the stern of the ship). These, along with the usual POCs in the signature lines, are noted and have minimal impact on this note's desirability. The sole example graded by PMG.
Southport, CT- Southport Bank $100 18__ as G14 Proof PMG Choice About Unc 58 EPQ.
The bank was organized in 1851 and remained in business until becoming the Southport National Bank in December 1864. The $100 design features a panoramic vignette featuring Commerce, Ceres, and Navigation flanked by a distant view of a town and a train crossing a bridge at left. Sailing vessels with a distant town are seen on the right. The center portion of this vignette was copied by Hoyer & Ludwig for use on the T17 Confederate $20 Treasury Note in 1861. The Connecticut note is printed on India paper mounted on cardstock with four POCs in the signature lines. Your cataloger believes that this note is the one example of this design with no tint that was in the 1990 ABNCo Archives sale, and is likely unique or nearly so.
The bank was organized in 1851 and remained in business until becoming the Southport National Bank in December 1864. The $100 design features a panoramic vignette featuring Commerce, Ceres, and Navigation flanked by a distant view of a town and a train crossing a bridge at left. Sailing vessels with a distant town are seen on the right. The center portion of this vignette was copied by Hoyer & Ludwig for use on the T17 Confederate $20 Treasury Note in 1861. The Connecticut note is printed on India paper mounted on cardstock with four POCs in the signature lines. Your cataloger believes that this note is the one example of this design with no tint that was in the 1990 ABNCo Archives sale, and is likely unique or nearly so.
Stamford, CT- Stamford Bank $3 18__ G10P Proof PMG Uncirculated 62.
The Stamford Bank was chartered in 1834 and was succeeded in 1865 by the Stamford National Bank, charter 1038. Examples of any denomination from this organization are difficult to obtain. At left is a male portrait, at center are three individuals with a horse, and at right is Hebe with an eagle. We are aware of just two surviving examples of this design, including our current offering. We have offered the note in this lot just twice before, with the last realization being $432 in February 2023. There are six punch cancels in the signature lines as well as evidence of a previous mounting.
The Stamford Bank was chartered in 1834 and was succeeded in 1865 by the Stamford National Bank, charter 1038. Examples of any denomination from this organization are difficult to obtain. At left is a male portrait, at center are three individuals with a horse, and at right is Hebe with an eagle. We are aware of just two surviving examples of this design, including our current offering. We have offered the note in this lot just twice before, with the last realization being $432 in February 2023. There are six punch cancels in the signature lines as well as evidence of a previous mounting.
Stonington, CT- Stonington Bank $1 18__ G8a Remainder PMG Gem Uncirculated 65 EPQ.
The Stonington Bank was organized in 1822 and remained in business, without becoming a national bank, until 1867-68 when the bank was placed into receivership. The $1 design features a vignette of a reclining sailor gazing out to sea from a dock flanked by a portrait of of Ephraim Williams, the bank's third president who had passed away in 1861, and another vignette of a sailing vessel. An overall red tint and two tone red ONE protector complete the design.
The Stonington Bank was organized in 1822 and remained in business, without becoming a national bank, until 1867-68 when the bank was placed into receivership. The $1 design features a vignette of a reclining sailor gazing out to sea from a dock flanked by a portrait of of Ephraim Williams, the bank's third president who had passed away in 1861, and another vignette of a sailing vessel. An overall red tint and two tone red ONE protector complete the design.
Voluntown, CT- Granite Bank $5 18__ as G8a Proof PMG Gem Uncirculated 65 EPQ.
The Granite Bank was a non-existent bank designed to place large amounts of notes into circulation with no intent of ever redeeming them. It was in operation around 1857. This note depicts a large herd of cattle flanked by portraits of Webster and a young lady. There is a large red FIVE protector. The note is printed on India paper mounted on cardstock with six POCs in the signature lines. This is, in turn, mounted on an original Danforth Wright archives book card. Two examples of this denomination were in Lot 128 of the 1990 ABNCo Archives sale. Very rare in Proof form. We last auctioned this note in June 2020 for $780 as part of The Charles R. Pease Collection Special Auction, and expect that price to be tested tonight.
The Granite Bank was a non-existent bank designed to place large amounts of notes into circulation with no intent of ever redeeming them. It was in operation around 1857. This note depicts a large herd of cattle flanked by portraits of Webster and a young lady. There is a large red FIVE protector. The note is printed on India paper mounted on cardstock with six POCs in the signature lines. This is, in turn, mounted on an original Danforth Wright archives book card. Two examples of this denomination were in Lot 128 of the 1990 ABNCo Archives sale. Very rare in Proof form. We last auctioned this note in June 2020 for $780 as part of The Charles R. Pease Collection Special Auction, and expect that price to be tested tonight.
West-Killingly, CT- Eastern Bank $1 185__ as G2 Proof PMG Choice Uncirculated 63 EPQ.
This "bank" was one of the few pure frauds located in the state. It was chartered in 1851, opened in 1853, and shut down in March of that year. It was a "paper mill" of the basest kind. The $1 design features an oval vignette of dogs chasing birds around a tree flanked by an oval vignette of an urban canal scene at left and a vignette of Ceres kneeling by a young woman at right. A small vignette of a water goddess is at bottom center. The note is printed on India paper mounted on cardstock with six POCs in the signature lines. There were seventeen examples of this note in the 1990 ABNCo Archives sale.
This "bank" was one of the few pure frauds located in the state. It was chartered in 1851, opened in 1853, and shut down in March of that year. It was a "paper mill" of the basest kind. The $1 design features an oval vignette of dogs chasing birds around a tree flanked by an oval vignette of an urban canal scene at left and a vignette of Ceres kneeling by a young woman at right. A small vignette of a water goddess is at bottom center. The note is printed on India paper mounted on cardstock with six POCs in the signature lines. There were seventeen examples of this note in the 1990 ABNCo Archives sale.
West-Killingly, CT- Eastern Bank $5 185__ as G8 Proof PMG Choice Uncirculated 64 EPQ.
The bank was a fraudulent institution, chartered in 1851 and closed down in early 1853. The $5 design features a farmer sitting in a large V at center flanked by two female portraits. The note is printed on India paper mounted on cardstock with six POCs in the signature lines and affixed to a Danforth Bald archive book card. There were two examples of this note in the 1990 ABNCo Archives sale (Lots 130-131), and we are unaware of any public auction appearances of examples other than this note in at least the last decade. This suggests that the surviving Proof population is quite small; perhaps limited to the notes that were in the archives sale. This note was last auctioned for $528 in June 2020 as part of The Charles R. Pease Collection Special Auction.
The bank was a fraudulent institution, chartered in 1851 and closed down in early 1853. The $5 design features a farmer sitting in a large V at center flanked by two female portraits. The note is printed on India paper mounted on cardstock with six POCs in the signature lines and affixed to a Danforth Bald archive book card. There were two examples of this note in the 1990 ABNCo Archives sale (Lots 130-131), and we are unaware of any public auction appearances of examples other than this note in at least the last decade. This suggests that the surviving Proof population is quite small; perhaps limited to the notes that were in the archives sale. This note was last auctioned for $528 in June 2020 as part of The Charles R. Pease Collection Special Auction.
Westport, CT- Saugatuck Bank $5 18__ as G26 Proof PMG Choice Uncirculated 63.
The bank was organized circa 1853 and remained in business until being succeeded by the First National Bank of Westport in 1864. This design features a vignette depicting a farrier shoeing a horse flanked by a vignette of a Native American warrior drawing an arrow and an oval female portrait. A large red FIVE protector completes the design. The note is printed on India paper with four small POCs in the signature lines. Only five examples of this note appeared in the 1990 ABNCo Archives sale.
The bank was organized circa 1853 and remained in business until being succeeded by the First National Bank of Westport in 1864. This design features a vignette depicting a farrier shoeing a horse flanked by a vignette of a Native American warrior drawing an arrow and an oval female portrait. A large red FIVE protector completes the design. The note is printed on India paper with four small POCs in the signature lines. Only five examples of this note appeared in the 1990 ABNCo Archives sale.
Steel Roller Die for Checks Wilmington, DE- Farmers' Bank of the State of Delaware ND circa 1910s Not Graded.
An impressive circular roller die with an engraved vignette of livestock and gentlemen in 1850s era clothing. This die was probably used in producing counter checks for the bank. The "62-4" number engraved on the die is the Numerical Transit System Number for this bank with "62" representing Delaware and "4" being the distinctive number for this bank. This numbering system began circa 1912 for check clearing. The identification die number is 68212. It is not graded, but we cannot find any rust or damage to the design area.
An impressive circular roller die with an engraved vignette of livestock and gentlemen in 1850s era clothing. This die was probably used in producing counter checks for the bank. The "62-4" number engraved on the die is the Numerical Transit System Number for this bank with "62" representing Delaware and "4" being the distinctive number for this bank. This numbering system began circa 1912 for check clearing. The identification die number is 68212. It is not graded, but we cannot find any rust or damage to the design area.
Georgetown, DC- Unknown Issuer 12-1/2¢ Dec. 1, 1837 PMG Choice Fine 15.
Though the details of this issuer have been regrettably lost to history, it is still true that this is a very elusive piece. At center is a depiction of Ceres with a caduceus, and at either end are identical vignettes of livestock. We have not auctioned a note of this design previously. PMG mentions a tear repair.
Though the details of this issuer have been regrettably lost to history, it is still true that this is a very elusive piece. At center is a depiction of Ceres with a caduceus, and at either end are identical vignettes of livestock. We have not auctioned a note of this design previously. PMG mentions a tear repair.
Washington, DC- Bullion Bank $10 July 4, 1862 G10c PMG Choice Fine 15.
While the Bullion Bank did, in fact, have a bricks-and-mortar presence in the District, it was quite fragile. The bank traces its origins to around 1861. By the Spring of 1862, the bank was behind on rent for its office and arrest warrants had been issued for the bank's president for refusing to redeem the bank's circulation at par. By the end of July attempts to "revive the firm" were reported and new leadership for the bank was announced by October. Apparently it did not end well, as the bank failed on December 23, 1862. This $10 is quite a bit more rare than the more commonly seen $1s, $2s, and $3s from this bank. It features a vignette titled The Apotheosis of Washington as well as a portrait of a young girl. Printed in red and black by National Bank Note Company, the note has a decorative green back reminiscent of federal notes.
While the Bullion Bank did, in fact, have a bricks-and-mortar presence in the District, it was quite fragile. The bank traces its origins to around 1861. By the Spring of 1862, the bank was behind on rent for its office and arrest warrants had been issued for the bank's president for refusing to redeem the bank's circulation at par. By the end of July attempts to "revive the firm" were reported and new leadership for the bank was announced by October. Apparently it did not end well, as the bank failed on December 23, 1862. This $10 is quite a bit more rare than the more commonly seen $1s, $2s, and $3s from this bank. It features a vignette titled The Apotheosis of Washington as well as a portrait of a young girl. Printed in red and black by National Bank Note Company, the note has a decorative green back reminiscent of federal notes.
Washington, DC- Bank of the City $2 Sep. 3, 1852 G4a PMG Very Good 8 Net.
The Bank of the City was in operation ca. 1852, with newspaper articles suggesting in October 1852 that the bank, which had an office in a house on Pennsylvania Avenue, may have quietly closed its doors, with the Cashier posting a note on the door that he had been called away, but would return in three or four days to resume redeeming the bank's notes. The Cashier's note was dated September 25, 1852 and the articles were dated October 11, 1852 over two weeks later. Your cataloger believes that the Cashier never returned! The design features Commerce seated with a portrait of Washington at left, a small steamer at bottom center, and a TWO end panel at right. The note has a faint brown TWO protector. PMG notes that the upper right corner has been reattached. A very rare, seldom seen DC bank. This is only the second example of this note we have offered in the last two decades.
The Bank of the City was in operation ca. 1852, with newspaper articles suggesting in October 1852 that the bank, which had an office in a house on Pennsylvania Avenue, may have quietly closed its doors, with the Cashier posting a note on the door that he had been called away, but would return in three or four days to resume redeeming the bank's notes. The Cashier's note was dated September 25, 1852 and the articles were dated October 11, 1852 over two weeks later. Your cataloger believes that the Cashier never returned! The design features Commerce seated with a portrait of Washington at left, a small steamer at bottom center, and a TWO end panel at right. The note has a faint brown TWO protector. PMG notes that the upper right corner has been reattached. A very rare, seldom seen DC bank. This is only the second example of this note we have offered in the last two decades.
Washington, DC- Glory Bank $20 Satirical Note May 1, 1834 Rulau HT-N16M PMG Choice Very Fine 35.
Like other notes from the "Glory Bank" series, this note is critical of both Andrew Jackson and Amos Kendall, a very influential Jackson "kitchen cabinet" member and United States Postmaster General from 1835-40. Seldom offered and quite rare since these notes were printed on poor quality paper and were not saved in any appreciable quantity. At this point, we are aware of three or four examples. PMG notes a damp stain that covers the left and bottom margins.
Like other notes from the "Glory Bank" series, this note is critical of both Andrew Jackson and Amos Kendall, a very influential Jackson "kitchen cabinet" member and United States Postmaster General from 1835-40. Seldom offered and quite rare since these notes were printed on poor quality paper and were not saved in any appreciable quantity. At this point, we are aware of three or four examples. PMG notes a damp stain that covers the left and bottom margins.
Washington, DC- Union Bank of Columbia $50 18__ as G8a Proprietary Proof PMG Choice Uncirculated 64 EPQ.
The Union Bank of Columbia is believed to have been a non-existent bank whose notes were "sown abroad" on the unsuspecting. This $50 has a large vignette depicting Andrew Jackson in command at the Battle of New Orleans which was ironically fought on January 8, 1815, after a Peace Treaty had been signed on December 24, 1814 in Ghent, Belgium. It is accompanied by portraits of President James Buchanan (1857-1861) and 1860 presidential candidate Stephen Douglas who died on June 3, 1861, just months after he would have taken office had not Lincoln won. This is a so-called Proprietary Proof printed from the original plates by ABNCo during the 20th century for general corporate purposes and programs. At present, we are unaware of exactly how many notes were printed although the $50's infrequent appearances suggest that the number was not large.
The Union Bank of Columbia is believed to have been a non-existent bank whose notes were "sown abroad" on the unsuspecting. This $50 has a large vignette depicting Andrew Jackson in command at the Battle of New Orleans which was ironically fought on January 8, 1815, after a Peace Treaty had been signed on December 24, 1814 in Ghent, Belgium. It is accompanied by portraits of President James Buchanan (1857-1861) and 1860 presidential candidate Stephen Douglas who died on June 3, 1861, just months after he would have taken office had not Lincoln won. This is a so-called Proprietary Proof printed from the original plates by ABNCo during the 20th century for general corporate purposes and programs. At present, we are unaware of exactly how many notes were printed although the $50's infrequent appearances suggest that the number was not large.
"Appalachicola," FL- Bank of West Florida $20 Nov. 3, 1832 G38 PMG Very Fine 25.
A vignette of Commerce seated beside an eagle is featured at center on this popular Florida Obsolete. Medallion heads at both the left and right ends were put into place as anti-counterfeiting measures. They were nearly impossible for a counterfeiter to duplicate well. The place of issuance, Apalachicola, was misspelled with an extra "p" to read "Appalachicola." There are no consequential condition distractors. We auctioned a PMG Choice VF 35 example in April 2024 for $432.
A vignette of Commerce seated beside an eagle is featured at center on this popular Florida Obsolete. Medallion heads at both the left and right ends were put into place as anti-counterfeiting measures. They were nearly impossible for a counterfeiter to duplicate well. The place of issuance, Apalachicola, was misspelled with an extra "p" to read "Appalachicola." There are no consequential condition distractors. We auctioned a PMG Choice VF 35 example in April 2024 for $432.
Fernandina, FL- Bank of Fernandina $10 18__ G4a Benice 5 Remainder PMG Extremely Fine 40 Net.
The bank was organized in 1859 under the state's general incorporation laws rather than under the banking laws. The bank was forced to relocate to Starke, FL in February-March 1862 after Federal forces occupied Fernandina on March 3. The bank's ultimate fate is unclear, with the last mention found in newspapers, circa April 1864, being that all of the bank's officers were serving in the Confederate Army, including A.H. Cole who was listed as serving on the staff of Robert E. Lee. Documents list Cole as Major Inspector-General Freight transportation CSA ca. early 1865. Printed by ABNCo, the design features a vignette of a wagonload of cotton bales overseen by a slave paired with a vignette of a young girl blowing on a dandelion puff ball. Striking red end panels with large white X protectors complete the design. PMG notes that fairly large piece of the upper left corner has been replaced / reattached and that the note has been previously mounted.
The bank was organized in 1859 under the state's general incorporation laws rather than under the banking laws. The bank was forced to relocate to Starke, FL in February-March 1862 after Federal forces occupied Fernandina on March 3. The bank's ultimate fate is unclear, with the last mention found in newspapers, circa April 1864, being that all of the bank's officers were serving in the Confederate Army, including A.H. Cole who was listed as serving on the staff of Robert E. Lee. Documents list Cole as Major Inspector-General Freight transportation CSA ca. early 1865. Printed by ABNCo, the design features a vignette of a wagonload of cotton bales overseen by a slave paired with a vignette of a young girl blowing on a dandelion puff ball. Striking red end panels with large white X protectors complete the design. PMG notes that fairly large piece of the upper left corner has been replaced / reattached and that the note has been previously mounted.
Fernandina, FL- Florida Railroad Company $1 18__ Remainder Benice 15 PMG Very Fine 20.
The Florida Railroad Co. was organized in 1853 and was completed on March 1, 1861. The railroad fell into bankruptcy as a result of the tribulations of war, and new owners accepted leadership just about the time this note was intended for use. The railroad was returned to full operation by 1868. This piece features a beautiful vignette of a train stopped at the depot as well as a large green "1867" overprint at bottom center. Benice indicates that there is a surviving population of between 4-12 notes for this design. Fernandina is always a popular locale. A rough left end, which contains a tear and pinholes, is noticed.
The Florida Railroad Co. was organized in 1853 and was completed on March 1, 1861. The railroad fell into bankruptcy as a result of the tribulations of war, and new owners accepted leadership just about the time this note was intended for use. The railroad was returned to full operation by 1868. This piece features a beautiful vignette of a train stopped at the depot as well as a large green "1867" overprint at bottom center. Benice indicates that there is a surviving population of between 4-12 notes for this design. Fernandina is always a popular locale. A rough left end, which contains a tear and pinholes, is noticed.
Jacksonville, FL- Florida Atlantic & Gulf Central Rail Road Co. $1 Jan. 1, 1861 Benice 35 PMG Choice Fine 15.
The railroad finished construction of its route between Jacksonville and Lake City, FL in 1860. Surviving the war, it eventually ended up as part of today's CSX Transportation system. This note features a vignette of two horses watching a passing steam train at center, a female's portrait at right, and a passenger train traveling underneath a bridge at left. The signatures are boldly penned. PMG mentions rust which can be seen most clearly on the back.
The railroad finished construction of its route between Jacksonville and Lake City, FL in 1860. Surviving the war, it eventually ended up as part of today's CSX Transportation system. This note features a vignette of two horses watching a passing steam train at center, a female's portrait at right, and a passenger train traveling underneath a bridge at left. The signatures are boldly penned. PMG mentions rust which can be seen most clearly on the back.
Jacksonville, FL- Florida Atlantic & Gulf Central Rail Road Company $2 May 1, 1859 Benice 33 PMG Very Fine 20.
A very scarce note in issued form, this Florida Obsolete hails from a railroad which still exists today as part of the CSX system. At left is a large vertical passenger train vignette. We have not offered an issued $2 from this railroad since January 2013, when a PCGS VF 30PPQ realized $1,057.
A very scarce note in issued form, this Florida Obsolete hails from a railroad which still exists today as part of the CSX system. At left is a large vertical passenger train vignette. We have not offered an issued $2 from this railroad since January 2013, when a PCGS VF 30PPQ realized $1,057.
Orange Spring(s), FL- J.W. Pearson $1 1862 Benice 22A PMG Fine 12.
John W. Pearson owned multiple businesses including a hotel, saw mill, grist mill, machine shop, and also grew cotton and ran a cattle operation by the mid 1850s. During the Civil War he raised a 125 man unit, the Oklawaha Rangers, and led it in battle. He was wounded during the Battle of Globe Tavern at Petersburg, VA in August 1864 and was mortally wounded, dying of his wounds in Augusta, GA while making his way home to Florida on September 30, 1864. Pearson issued a large and complex series of scrip notes between 1861 and 1862. This note features a small steamboat ("gunboat") and heavy bold type for both the denomination and date. Benice estimates a surviving population of around 4-12 examples. This is the first dollar-denominated note we have offered from this rare Florida issuer.
John W. Pearson owned multiple businesses including a hotel, saw mill, grist mill, machine shop, and also grew cotton and ran a cattle operation by the mid 1850s. During the Civil War he raised a 125 man unit, the Oklawaha Rangers, and led it in battle. He was wounded during the Battle of Globe Tavern at Petersburg, VA in August 1864 and was mortally wounded, dying of his wounds in Augusta, GA while making his way home to Florida on September 30, 1864. Pearson issued a large and complex series of scrip notes between 1861 and 1862. This note features a small steamboat ("gunboat") and heavy bold type for both the denomination and date. Benice estimates a surviving population of around 4-12 examples. This is the first dollar-denominated note we have offered from this rare Florida issuer.
Pensacola, FL- Bank of Pensacola $1 May 4, 1840 G4a Benice 16 PMG Very Fine 30.
This bank was approved over the Governor's veto in 1831, with operations actually beginning on November 28, 1833. The bank suspended specie payments (as did most banks) in mid-1837, and resumed them in January 1839. The bank ultimately failed in 1843. This note, featuring an impressive vignette of a Native American warrior (Nehamathla) drawing a bow, flanked by vignettes of an early train and men inspecting cattle and sheep, was part of the bank's third issue of notes that utilized reused plates from the first issue. This double plate letter variety is significantly scarcer than the single plate letter version that was issued when the bank originally opened. A fully framed example and incredibly attractive for the type.
This bank was approved over the Governor's veto in 1831, with operations actually beginning on November 28, 1833. The bank suspended specie payments (as did most banks) in mid-1837, and resumed them in January 1839. The bank ultimately failed in 1843. This note, featuring an impressive vignette of a Native American warrior (Nehamathla) drawing a bow, flanked by vignettes of an early train and men inspecting cattle and sheep, was part of the bank's third issue of notes that utilized reused plates from the first issue. This double plate letter variety is significantly scarcer than the single plate letter version that was issued when the bank originally opened. A fully framed example and incredibly attractive for the type.
Tallahassee, FL- State of Florida $1 Mar. 1, 1863 Cr. 19 PMG Very Fine 25.
Printed on plain paper, this fully framed state issue possesses excellent eye appeal for the grade. At center is a depiction of workers hoeing and picking cotton which was also utilized on the $10 denomination from this same emission.
Printed on plain paper, this fully framed state issue possesses excellent eye appeal for the grade. At center is a depiction of workers hoeing and picking cotton which was also utilized on the $10 denomination from this same emission.
Tallahassee, FL- State of Florida $1 Jan. 1, 1864 Cr. 41 PMG Very Fine 25.
The note in this lot features a bright, unoxidized, red-orange overprint as well as bold handsigned signatures and serial numbers. The vignette at left, a portrait of Reverend Dr. Alfred Elwyn, was featured on the T24 Confederate Treasury Note of 1861.
The note in this lot features a bright, unoxidized, red-orange overprint as well as bold handsigned signatures and serial numbers. The vignette at left, a portrait of Reverend Dr. Alfred Elwyn, was featured on the T24 Confederate Treasury Note of 1861.
Tallahassee, FL- State of Florida $2 Mar. 1, 1863 Cr. 18 PMG About Uncirculated 55.
The note in this lot was part of an authorized $300,000 state issue focused on smaller denominations. This deuce features a vignette of a passenger train rounding a curve which was also used on the T5 Confederate Treasury Note of 1861. At right is a Native American woman, and at left is Ceres with a sickle. A red-orange TWO protector is at bottom center. PMG mentions indication of a previous mounting and a pencil annotation which is located at upper left on the back.
The note in this lot was part of an authorized $300,000 state issue focused on smaller denominations. This deuce features a vignette of a passenger train rounding a curve which was also used on the T5 Confederate Treasury Note of 1861. At right is a Native American woman, and at left is Ceres with a sickle. A red-orange TWO protector is at bottom center. PMG mentions indication of a previous mounting and a pencil annotation which is located at upper left on the back.
Tallahassee, FL- State of Florida $2 Mar. 1, 1863 Cr. 18 PMG Very Fine 25.
There were 12,600 $2s issued as part of the 1863 emission. Our current offering is a lovely example, with a bold, unoxidized red-orange TWO overprint at bottom center, a full frame with broad margins, and bright paper. PMG mentions minor rust at lower left when looking at the back.
There were 12,600 $2s issued as part of the 1863 emission. Our current offering is a lovely example, with a bold, unoxidized red-orange TWO overprint at bottom center, a full frame with broad margins, and bright paper. PMG mentions minor rust at lower left when looking at the back.
Tallahassee, FL- State of Florida $3 Mar. 1, 1863 Cr. 17 PMG Very Fine 20.
This pleasing state issue was printed by Keatinge & Ball. At center is an intricate vignette of a large ship sailing the high seas, and at right is Ceres with a caduceus. Red-orange overprints on the face complete the design. The note has not attracted any significant condition problems.
This pleasing state issue was printed by Keatinge & Ball. At center is an intricate vignette of a large ship sailing the high seas, and at right is Ceres with a caduceus. Red-orange overprints on the face complete the design. The note has not attracted any significant condition problems.
Tallahassee, FL- State of Florida $5 March 1, 1864 Cr. 34 PMG About Uncirculated 55.
This pretty Florida Obsolete features a vignette of a Native American man at left, an illustration of an allegorical female with a shield depicting a cotton plant at center, and the comptroller's die at right. PMG mentions discoloration of the red-orange overprint which is a result of toning.
This pretty Florida Obsolete features a vignette of a Native American man at left, an illustration of an allegorical female with a shield depicting a cotton plant at center, and the comptroller's die at right. PMG mentions discoloration of the red-orange overprint which is a result of toning.
Tallahassee, FL- State of Florida $20 Jan. 1, 1862 Cr. 12 PMG Very Fine 20.
This note's central vignette, which is a depiction of Commerce, Ceres, and Navigation, was also used on the T17 Confederate Treasury Note of 1861. That Confederate note was lithographed by Hoyer & Ludwig as well, just as our current offering is. PMG mentions minor rust.
This note's central vignette, which is a depiction of Commerce, Ceres, and Navigation, was also used on the T17 Confederate Treasury Note of 1861. That Confederate note was lithographed by Hoyer & Ludwig as well, just as our current offering is. PMG mentions minor rust.
Tallahassee, FL- State of Florida $50 Oct. 10, 1861 Cr. 3 PMG Very Fine 25.
The always popular Florida note in this lot was lithographed by Hoyer & Ludwig, a firm located in Richmond, VA. They were also lithographers of many Confederate notes. A modified version of the central vignette on this piece was also utilized on the T22 Confederate Treasury Note of 1861. PMG mentions an internal split which is located in the center of our current offering.
The always popular Florida note in this lot was lithographed by Hoyer & Ludwig, a firm located in Richmond, VA. They were also lithographers of many Confederate notes. A modified version of the central vignette on this piece was also utilized on the T22 Confederate Treasury Note of 1861. PMG mentions an internal split which is located in the center of our current offering.
Tallahassee, FL- Tallahassee Rail Road Company $2 18__ Benice 111 Remainder PMG Choice Uncirculated 63 EPQ.
The railroad was organized in 1834 and for over twenty years did not possess a steam locomotive, using mules for motive power instead. During the Civil War, the railroad was an important transportation resource for the Confederacy. After the war, through a long series of sales, mergers, and lease arrangements, the road finally ended up as part of today's CSX Corporation. The $2 design features a panoramic vignette of two passenger trains with a town in the distance flanked by a vignette of an anchor at left and the portrait of a young woman wearing a bonnet at right. The ABNCo-produced note has a large green TWO protector as well as other green design elements and a green decorative back.
The railroad was organized in 1834 and for over twenty years did not possess a steam locomotive, using mules for motive power instead. During the Civil War, the railroad was an important transportation resource for the Confederacy. After the war, through a long series of sales, mergers, and lease arrangements, the road finally ended up as part of today's CSX Corporation. The $2 design features a panoramic vignette of two passenger trains with a town in the distance flanked by a vignette of an anchor at left and the portrait of a young woman wearing a bonnet at right. The ABNCo-produced note has a large green TWO protector as well as other green design elements and a green decorative back.
Athens, GA- Athens High School / Excelsior Bank 25¢ ND (ca. 1873-74) Schingoethe UNL PMG Choice Fine 15.
Benjamin T. Hunter, a Civil War veteran serving with the Georgia militia, taught at and became president of the University High School in Athens. Mention is later found that the Athens High School (which may be either a name change or a different institution) operated briefly in 1873 under the direction of Professor Benjamin T. Hunter. This note seems to belong to the 1873 incarnation. Another denomination lists a third possible name, the Athens Grove Academy. In any case this small 25¢ note is rather ornate, printed in black with a red seal (listing Benjamin T. Hunter as Principal) and a busy back design depicting books, a telescope, and other educational resources. What appears to be the reverse of an Indian Head Cent serves as the counter for the 25¢ denomination on the face. The note mentions fractional currency which was still in circulation when this note was being used. PMG notes pinholes which are of little consequence. This is the second example of this denomination that we have been able to offer.
Benjamin T. Hunter, a Civil War veteran serving with the Georgia militia, taught at and became president of the University High School in Athens. Mention is later found that the Athens High School (which may be either a name change or a different institution) operated briefly in 1873 under the direction of Professor Benjamin T. Hunter. This note seems to belong to the 1873 incarnation. Another denomination lists a third possible name, the Athens Grove Academy. In any case this small 25¢ note is rather ornate, printed in black with a red seal (listing Benjamin T. Hunter as Principal) and a busy back design depicting books, a telescope, and other educational resources. What appears to be the reverse of an Indian Head Cent serves as the counter for the 25¢ denomination on the face. The note mentions fractional currency which was still in circulation when this note was being used. PMG notes pinholes which are of little consequence. This is the second example of this denomination that we have been able to offer.
Athens, GA- Bank of Athens $50 18__ as G12 Proof PMG Choice Uncirculated 64 EPQ.
The bank was organized in 1856 and nominally remained in business after the end of the Civil War, not officially surrendering its charter until 1880. The $50 design features Liberty and Justice seated by a shield depicting a cotton plant flanked by a sheep shearing scene and an oval portrait of Henry Clay. A red 50 protector completes the design. The note is printed on India paper with four small POCs in the signature lines and was one of thirteen examples of this note appearing in the 1990 ABNCo Archives sale.
The bank was organized in 1856 and nominally remained in business after the end of the Civil War, not officially surrendering its charter until 1880. The $50 design features Liberty and Justice seated by a shield depicting a cotton plant flanked by a sheep shearing scene and an oval portrait of Henry Clay. A red 50 protector completes the design. The note is printed on India paper with four small POCs in the signature lines and was one of thirteen examples of this note appearing in the 1990 ABNCo Archives sale.
Athens, GA- Greer & Kelly 50¢ Nov. 1862 PCGS Apparent Very Fine 20.
We have offered one 50¢ example and one $1 example from this scarce issuer prior to now. The 50¢ piece, which realized $646 in April 2015, was none other than our current offering. The note was redeemable in Confederate Treasury Notes when presented in the sum of ten dollars. This piece could very well be unique. PCGS mentions small edge and internal splits.
We have offered one 50¢ example and one $1 example from this scarce issuer prior to now. The 50¢ piece, which realized $646 in April 2015, was none other than our current offering. The note was redeemable in Confederate Treasury Notes when presented in the sum of ten dollars. This piece could very well be unique. PCGS mentions small edge and internal splits.
Atlanta, GA- City of Atlanta $2 Post Note Dec. 1, 1865 PMG Fine 12.
The note in this lot was emitted just over a year after Atlanta fell to Union forces as a result of General William Tecumseh Sherman's March to Sea military campaign. This note features a male portrait at left, a train at center, and a large red TWO DOLLARS overprint at bottom center. Red 2s are at either end of the train depiction. PMG mentions the presence of hammer cut cancels and stains.
The note in this lot was emitted just over a year after Atlanta fell to Union forces as a result of General William Tecumseh Sherman's March to Sea military campaign. This note features a male portrait at left, a train at center, and a large red TWO DOLLARS overprint at bottom center. Red 2s are at either end of the train depiction. PMG mentions the presence of hammer cut cancels and stains.
Atlanta, GA- Fort Gaines Academy Lottery $1.25 (One) Eighth Ticket June 6, 1857 PMG Very Fine 25 EPQ.
Georgia held a series of lotteries to support public education in the state just prior to the Civil War. Our current offering was printed on completely original paper. We have auctioned a paltry two examples from the 1850s prior to now. Another 1/8 ticket example from March 28, 1857, brought $211 in April 2015. This note has been incorrectly attributed by PMG as a one ticket piece.
Georgia held a series of lotteries to support public education in the state just prior to the Civil War. Our current offering was printed on completely original paper. We have auctioned a paltry two examples from the 1850s prior to now. Another 1/8 ticket example from March 28, 1857, brought $211 in April 2015. This note has been incorrectly attributed by PMG as a one ticket piece.
Augusta, GA- Bank of Augusta 25¢ Apr. 1, 1816 G6 Proof PMG About Uncirculated 55.
The bank was organized in 1810 and remained in business until nominally 1866 when it surrendered its charter. The Bank of Augusta assets were sold at public auction on November 13, 1867, which suggests that liquidation was probably completed shortly thereafter. This early fractional denomination Proof features a cute vignette of a very large dog giving a dubious sideways glance to his very small dog house. End panels contain the denomination in numerals and words. The note is printed on India paper with no forms of cancellation present. It is believed that the population of surviving examples in Proof form is around 2-4 notes.
The bank was organized in 1810 and remained in business until nominally 1866 when it surrendered its charter. The Bank of Augusta assets were sold at public auction on November 13, 1867, which suggests that liquidation was probably completed shortly thereafter. This early fractional denomination Proof features a cute vignette of a very large dog giving a dubious sideways glance to his very small dog house. End panels contain the denomination in numerals and words. The note is printed on India paper with no forms of cancellation present. It is believed that the population of surviving examples in Proof form is around 2-4 notes.
Augusta, GA- Bridge Company of Augusta $5 Dec. 5, 1816 G20 PMG Choice Fine 15.
This early Georgia Obsolete saw use in everyday transactions, but it remains intact with good eye appeal. The bridge, which was built by Henry Shultz and Lewis Cooper and which connects Augusta, GA and Hamburg, SC via the Savannah River, is featured at center on this $5, along with an eagle. This piece has been pen cancelled at right, and there is also a small piece added at upper left which is hidden in the design.
This early Georgia Obsolete saw use in everyday transactions, but it remains intact with good eye appeal. The bridge, which was built by Henry Shultz and Lewis Cooper and which connects Augusta, GA and Hamburg, SC via the Savannah River, is featured at center on this $5, along with an eagle. This piece has been pen cancelled at right, and there is also a small piece added at upper left which is hidden in the design.
Augusta, GA- Bridge Company of Augusta $5 Dec. 5, 1816 G20 PMG Fine 12.
The Bridge Company of Augusta was also known as the Bridge Bank. Henry Shultz and Lewis Cooper had a bridge constructed across the Savannah River which connected Hamburg, SC to Augusta, GA. Shultz was a native of Hamburg, Germany, and he founded Hamburg, SC. Cooper sold his interest in the toll bridge to one John McKinne. Unfortunately during the Panic of 1819, McKinne illegally mortgaged the bridge, leading to financial ruin for Shultz. At center of this $5 note printed by Leney & Rollinson is a depiction of the bridge from which this company derives its name, and at bottom center is a striped shield. PMG mentions the pen cancellation at right as well as a few tape repairs which are located in the bottom margin.
The Bridge Company of Augusta was also known as the Bridge Bank. Henry Shultz and Lewis Cooper had a bridge constructed across the Savannah River which connected Hamburg, SC to Augusta, GA. Shultz was a native of Hamburg, Germany, and he founded Hamburg, SC. Cooper sold his interest in the toll bridge to one John McKinne. Unfortunately during the Panic of 1819, McKinne illegally mortgaged the bridge, leading to financial ruin for Shultz. At center of this $5 note printed by Leney & Rollinson is a depiction of the bridge from which this company derives its name, and at bottom center is a striped shield. PMG mentions the pen cancellation at right as well as a few tape repairs which are located in the bottom margin.
Bainbridge, GA- Southern Bank of Georgia $1 Mar. 1, 1858 as G4a Proof PMG Choice Uncirculated 63 EPQ.
The bank opened in late 1856 and failed when the Cashier closed the doors one day in July 1858 and left the state. Remaining notes from the institution were often used to make up alterations appearing to be the issues of other banks. This note design features a milkmaid seated with two calves at center, flanked by a small vignette of a cattle drive near telegraph wires at left and an oval female portrait at right. There are two red 1 counters and a red and white ONE DOLLAR tablet. The note is printed on India paper mounted on cardstock with six small POCs in the signature lines. There were three examples of this note in the 1990 ABNCo Archives sale. It is possible that these are the only surviving examples of this design in Proof form.
The bank opened in late 1856 and failed when the Cashier closed the doors one day in July 1858 and left the state. Remaining notes from the institution were often used to make up alterations appearing to be the issues of other banks. This note design features a milkmaid seated with two calves at center, flanked by a small vignette of a cattle drive near telegraph wires at left and an oval female portrait at right. There are two red 1 counters and a red and white ONE DOLLAR tablet. The note is printed on India paper mounted on cardstock with six small POCs in the signature lines. There were three examples of this note in the 1990 ABNCo Archives sale. It is possible that these are the only surviving examples of this design in Proof form.
Columbus, GA- Chattahoochee Railroad & Banking Company of Georgia $20 Nov. 16, 1840 G12 PMG Choice Fine 15.
The Chattahoochee Railroad & Banking Company of Georgia was chartered in December 1836. Half of its starting capital was to be utilized towards banking, while the other half was set aside for construction of a railroad which would run from Macon to Columbus. Unfortunately, the institution's ventures into banking were cut short in 1841 as a result of the large loans it was handing out, the banking climate associated with the Panic of 1837, and its illegal foray into the cotton industry. Unsurprisingly, at right and left on our current offering are two identical vignettes of a cotton plant. At center is a depiction of Moneta and Mercury. All notes from this short-lived bank are scarce. We have auctioned approximately just a half dozen examples of the $20 denomination prior to now. PMG mentions that this piece is repaired.
The Chattahoochee Railroad & Banking Company of Georgia was chartered in December 1836. Half of its starting capital was to be utilized towards banking, while the other half was set aside for construction of a railroad which would run from Macon to Columbus. Unfortunately, the institution's ventures into banking were cut short in 1841 as a result of the large loans it was handing out, the banking climate associated with the Panic of 1837, and its illegal foray into the cotton industry. Unsurprisingly, at right and left on our current offering are two identical vignettes of a cotton plant. At center is a depiction of Moneta and Mercury. All notes from this short-lived bank are scarce. We have auctioned approximately just a half dozen examples of the $20 denomination prior to now. PMG mentions that this piece is repaired.
Columbus, GA- Insurance Bank of Columbus $50 18__ G52 Proof PMG Choice Uncirculated 63.
The bank was chartered in 1831 and was purchased by Nicholas Biddle in 1836 to facilitate his cotton purchasing activities after the closure of the second Bank of the United States. The bank's circulation continued to decline through the early 1840s until it reached virtually $0 by 1845. This $50 design was intended for branch use, with the place of issue to be written in; the bank had branches in Macon and Savannah. It features an eagle and shield vignette flanked by end panels containing the denomination and an oval cameo-like winged medallion head. The note is printed on India paper mounted on card with a ghost image of the $100 denomination on the bank. PMG indicates that the note has been mounted. There were four examples of this note, in the form of an uncut sheet of four, in the 1990 ABNCo Archives sale and Haxby was aware of this design in Proof form. This suggests a surviving population of perhaps as many eight examples in Proof form as we are aware of two Plate C notes.
The bank was chartered in 1831 and was purchased by Nicholas Biddle in 1836 to facilitate his cotton purchasing activities after the closure of the second Bank of the United States. The bank's circulation continued to decline through the early 1840s until it reached virtually $0 by 1845. This $50 design was intended for branch use, with the place of issue to be written in; the bank had branches in Macon and Savannah. It features an eagle and shield vignette flanked by end panels containing the denomination and an oval cameo-like winged medallion head. The note is printed on India paper mounted on card with a ghost image of the $100 denomination on the bank. PMG indicates that the note has been mounted. There were four examples of this note, in the form of an uncut sheet of four, in the 1990 ABNCo Archives sale and Haxby was aware of this design in Proof form. This suggests a surviving population of perhaps as many eight examples in Proof form as we are aware of two Plate C notes.
Columbus, GA- Spencer & Abbott 10¢ Sep. 1, 1865 PMG Very Fine 25.
Spencer & Abbott is an enigmatic issuer. We have not been afforded the opportunity to offer this 10¢ denomination prior to now. In Volume 9 of The Daily Sun, which was published Wednesday morning, August 10, 1864, in Columbus, GA, this firm ran an advertisement stating that they had "Ten Barrels on Hand, and for sale" of lard oil. It is possible that this merchant was a dealer in liquid goods, such as oil and liquor, based upon this ad and also upon a 50¢ note known to exist which features barrels of liquor as its central vignette. Our current offering is in problem free PMG VF 25 condition with a depiction of workers in the fields at center. This 10¢ piece could very well be unique.
Spencer & Abbott is an enigmatic issuer. We have not been afforded the opportunity to offer this 10¢ denomination prior to now. In Volume 9 of The Daily Sun, which was published Wednesday morning, August 10, 1864, in Columbus, GA, this firm ran an advertisement stating that they had "Ten Barrels on Hand, and for sale" of lard oil. It is possible that this merchant was a dealer in liquid goods, such as oil and liquor, based upon this ad and also upon a 50¢ note known to exist which features barrels of liquor as its central vignette. Our current offering is in problem free PMG VF 25 condition with a depiction of workers in the fields at center. This 10¢ piece could very well be unique.
(Dahlonega), GA- Pigeon Roost Mining Company, Payable at Wetumpka, AL $5 Sep. 1, 1837 Rosene UNL Gunther-Derby AO-483-$5a PMG Very Fine 20 Net.
Notes from the Pigeon Roost Mining Company of Lumpkin County are very scarce and always intricately detailed. The company was incorporated in 1834, along with the Belfast Mining Company in Dahlonega. Dahlonega was the center of the Georgia gold rush. This branch note is fascinating, as it was payable in Wetumpka, AL. At left is a Native American shooting an arrow into the distance, and at upper right is a depiction of Mercury raining down coins from the sky. At far right is Ceres with a caduceus and cornucopia, and finally, at bottom center is a pelican mother with her babies. This last vignette is also the symbol of the state of Louisiana and was utilized on many of their Obsoletes. A search through the Rosene reference yields little about this note, as this $5 denomination is unlisted in that book. However, a hunt through the more recent Gunther-Derby resource, A Comprehensive Guide to Alabama Obsolete Notes 1818-1885, is more fruitful. On page 245, the authors state that this design is R7 rarity, indicating 1-5 known. The plated note in the book is a Serial Number 1 example that we offered in April 2018. That piece, graded PCGS Apparent VF 30 with minor ink erosion, realized $1,680. The note in this lot, which has ink burn as well, is just five serial numbers away from the April 2018 example.
Notes from the Pigeon Roost Mining Company of Lumpkin County are very scarce and always intricately detailed. The company was incorporated in 1834, along with the Belfast Mining Company in Dahlonega. Dahlonega was the center of the Georgia gold rush. This branch note is fascinating, as it was payable in Wetumpka, AL. At left is a Native American shooting an arrow into the distance, and at upper right is a depiction of Mercury raining down coins from the sky. At far right is Ceres with a caduceus and cornucopia, and finally, at bottom center is a pelican mother with her babies. This last vignette is also the symbol of the state of Louisiana and was utilized on many of their Obsoletes. A search through the Rosene reference yields little about this note, as this $5 denomination is unlisted in that book. However, a hunt through the more recent Gunther-Derby resource, A Comprehensive Guide to Alabama Obsolete Notes 1818-1885, is more fruitful. On page 245, the authors state that this design is R7 rarity, indicating 1-5 known. The plated note in the book is a Serial Number 1 example that we offered in April 2018. That piece, graded PCGS Apparent VF 30 with minor ink erosion, realized $1,680. The note in this lot, which has ink burn as well, is just five serial numbers away from the April 2018 example.
Dalton, GA- Bank of Whitfield 25¢ April, 1862 G44 PMG Choice Fine 15.
This Dalton Obsolete was redeemable in "current Bank Notes" when presented in sums of one dollar or more. It was printed on the backs of Alabama notes.
This Dalton Obsolete was redeemable in "current Bank Notes" when presented in sums of one dollar or more. It was printed on the backs of Alabama notes.
Darien, GA- Bank of Darien, Payable at Augusta Branch $5 Apr. 2, 1836 G60 PMG Choice Fine 15.
This popular Georgia gold rush era $5 Obsolete is a scarce note from the Augusta branch. At center is a lovely vignette of Mercury and an allegorical female conversing. PMG mentions evidence of a prior mounting.
This popular Georgia gold rush era $5 Obsolete is a scarce note from the Augusta branch. At center is a lovely vignette of Mercury and an allegorical female conversing. PMG mentions evidence of a prior mounting.
Gainesville, GA- City of Gainesville 50¢ Aug. 10, 1873 Remainder PMG Choice Very Fine 35.
This postwar scrip note is reminiscent of many Fractional designs. At left is a portrait of statesman and inventor Benjamin Franklin. The back is printed in green and is characterized by a large "50" at center with ornate lathework surrounding it. Four punch cancels are present at the bottom, and there is evidence of a prior mounting.
This postwar scrip note is reminiscent of many Fractional designs. At left is a portrait of statesman and inventor Benjamin Franklin. The back is printed in green and is characterized by a large "50" at center with ornate lathework surrounding it. Four punch cancels are present at the bottom, and there is evidence of a prior mounting.
Greenville, GA- County of Merriwether $1 May 12, 1862 PMG Very Good 8 Net.
Notes from this issuer appear for auction infrequently. Because of the thin paper utilized, most pieces are severely impaired. Our current offering, which does have a tape repair, is otherwise intact with good eye appeal.
Notes from this issuer appear for auction infrequently. Because of the thin paper utilized, most pieces are severely impaired. Our current offering, which does have a tape repair, is otherwise intact with good eye appeal.
Griffin, GA- County of Spalding $2 1862 Remainder PMG Extremely Fine 40.
The scarce municipal scrip in this lot displays a vignette of a fire wagon at center and two females representing the Arts at left. A green lace tint is present as well. We have auctioned only one example of this denomination and design prior to now, and that was in April 2015. PMG mentions minor repairs which affect little on our current offering.
The scarce municipal scrip in this lot displays a vignette of a fire wagon at center and two females representing the Arts at left. A green lace tint is present as well. We have auctioned only one example of this denomination and design prior to now, and that was in April 2015. PMG mentions minor repairs which affect little on our current offering.
Griffin, GA- County of Spalding $3 1862 Remainder PMG Choice Extremely Fine 45.
This fascinating county issue is graced by a vignette of a fire wagon at center, allegorical females representing the Arts at left, and a rich green lace tint across the face. It has survived without any meaningful condition impairments - a rarity considering the extremely thin paper the note was printed on.
This fascinating county issue is graced by a vignette of a fire wagon at center, allegorical females representing the Arts at left, and a rich green lace tint across the face. It has survived without any meaningful condition impairments - a rarity considering the extremely thin paper the note was printed on.
Hamilton, GA- Bank of Hamilton $5 18__ UNL Proof PMG Gem Uncirculated 65 EPQ.
The Bank of Hamilton was apparently organized but never actually opened for business. Haxby was unaware of the bank's existence which suggests that the notes appearing in the 1990 ABNCo Archives are the only way to obtain a note from this bank. The $5 features an oversized vignette of a mechanic, planter and slave sitting on a wharf with a steamboat in the distance and is printed on India paper mounted on cardstock with four POCs in the signature lines. There were five examples of this design in the 1990 ABNCo Archives sale, all part of uncut sheets.
The Bank of Hamilton was apparently organized but never actually opened for business. Haxby was unaware of the bank's existence which suggests that the notes appearing in the 1990 ABNCo Archives are the only way to obtain a note from this bank. The $5 features an oversized vignette of a mechanic, planter and slave sitting on a wharf with a steamboat in the distance and is printed on India paper mounted on cardstock with four POCs in the signature lines. There were five examples of this design in the 1990 ABNCo Archives sale, all part of uncut sheets.
(Hamilton), GA- Treasurer of Harris County $3 Oct. 21, 1862 PMG Choice Extremely Fine 45.
This lovely county issue features a dog with a safe at top center, which represents Fidelity, and a depiction of a steamboat at bottom center. This note was payable on or after January 1, 1863. The series is well known for the fragile, tissue-like paper that its notes were printed on. We auctioned a PMG Choice VF 35 in February 2024 for $336. There are small holes present on our current offering.
This lovely county issue features a dog with a safe at top center, which represents Fidelity, and a depiction of a steamboat at bottom center. This note was payable on or after January 1, 1863. The series is well known for the fragile, tissue-like paper that its notes were printed on. We auctioned a PMG Choice VF 35 in February 2024 for $336. There are small holes present on our current offering.
Helena, GA- Helena Drug Co. Good-For Ticket ND (1920s-1950s?) PMG About Uncirculated 53.
This ticket was good for one mug of Rochester Root Beer. This brand was developed by the J. Hungerford Smith Company, a producer of a variety of beverage syrups, ice cream toppings, and other related products. The company acquired A&W Restaurants in 1963. These good-for tickets (good for a mug of Rochester Root Beer) are known from several businesses and likely date to before the company's acquisition of A&W. The brand is still currently available. The face of the ticket has vignettes of a Root Beer Barrel and a frosted mug as well as space for the name of the store providing the product while the back has space for address information. The PMG label states that a minor foreign substance is present.
This ticket was good for one mug of Rochester Root Beer. This brand was developed by the J. Hungerford Smith Company, a producer of a variety of beverage syrups, ice cream toppings, and other related products. The company acquired A&W Restaurants in 1963. These good-for tickets (good for a mug of Rochester Root Beer) are known from several businesses and likely date to before the company's acquisition of A&W. The brand is still currently available. The face of the ticket has vignettes of a Root Beer Barrel and a frosted mug as well as space for the name of the store providing the product while the back has space for address information. The PMG label states that a minor foreign substance is present.
La Grange, GA- La Grange Bank $2 ?, 1853 G4a PMG Very Good 8.
The deuce in this lot is extremely rare. James Haxby was unaware of a surviving example when he published his four volume set United States Obsolete Bank Notes 1782-1866 in 1988. More recently, a rarity was not listed for this design in the Whitman Encyclopedia of Obsolete Paper Money: Volume 6 by Bowers. At left is a female portrait, at center is Justice with her scales and a cotton plant, and at right is Hebe with an eagle and shield. PMG mentions a large tear. Though well circulated, collectors will find it nigh impossible to acquire another example. This note is likely unique or nearly so. Our estimate is conservative, and the bidders will decide what this scarce representative will ultimately bring.
The deuce in this lot is extremely rare. James Haxby was unaware of a surviving example when he published his four volume set United States Obsolete Bank Notes 1782-1866 in 1988. More recently, a rarity was not listed for this design in the Whitman Encyclopedia of Obsolete Paper Money: Volume 6 by Bowers. At left is a female portrait, at center is Justice with her scales and a cotton plant, and at right is Hebe with an eagle and shield. PMG mentions a large tear. Though well circulated, collectors will find it nigh impossible to acquire another example. This note is likely unique or nearly so. Our estimate is conservative, and the bidders will decide what this scarce representative will ultimately bring.
La Grange, GA- La Grange Bank $5 Aug. 9, 1855 G6a PMG Fine 12.
This Georgia Obsolete is both attractive and scarce. At left is a portrait of a young female in Victorian style dress, at center are two seated maidens conversing, and at right are two vignettes, one of a passenger train and another of an allegorical female. An ornate orange back is also present. PMG mentions a small punch cancel at right.
This Georgia Obsolete is both attractive and scarce. At left is a portrait of a young female in Victorian style dress, at center are two seated maidens conversing, and at right are two vignettes, one of a passenger train and another of an allegorical female. An ornate orange back is also present. PMG mentions a small punch cancel at right.
La Grange, GA- La Grange Bank $10 June 7, 1855 G8a PMG Choice Fine 15.
Chartered on January 27, 1852, the La Grange Bank became a wildcat bank after I.H. Burch & Co., a firm based in Chicago, IL, bought a significant portion of the organization. By 1861, operations had ceased. Notes from this institution are quite scarce, with Bowers estimating a surviving population of 5-8 (URS-4) examples of this denomination. Our current offering features a depiction of Liberty reclining at center and is bright for the achieved grade.
Chartered on January 27, 1852, the La Grange Bank became a wildcat bank after I.H. Burch & Co., a firm based in Chicago, IL, bought a significant portion of the organization. By 1861, operations had ceased. Notes from this institution are quite scarce, with Bowers estimating a surviving population of 5-8 (URS-4) examples of this denomination. Our current offering features a depiction of Liberty reclining at center and is bright for the achieved grade.
La Grange, GA- Western Insurance Banking Co. $1 Sep. 2, 1862 PMG Choice Fine 15.
We have auctioned around a half dozen examples of this scarce Georgia scrip over the years. This piece was redeemable in Confederate Treasury Notes. PMG mentions the piece missing at right.
We have auctioned around a half dozen examples of this scarce Georgia scrip over the years. This piece was redeemable in Confederate Treasury Notes. PMG mentions the piece missing at right.
Lumpkin, GA- County of Stewart $10 ND (ca. late 1860s-70s) Remainder PMG About Uncirculated 50.
This appears to be a post-Civil War era county issue of Stewart County, GA, located in southwest Georgia on the Alabama state line. From its style, it appears that this was printed in either the late 1860s or 1870s. The New York location of the printer, G. Schlegel, lends further support for this conclusion. The George Schlegel Lithographing Co. was founded in 1849 and remained in business for over a century. The company was best known for its cigar box labels. The design features a Native American female holding a spear and bow shielding her eyes at left and a large TEN end panel at right. The note was apparently authorized by the Inferior Court of Stewart County and was designed to be signed by three persons. The meaning of the acronym JDC is unclear, but may refer to the Judicial District Court. This is the first example of this denomination that we have offered from this issuer, with PMG mentioning a couple of pin holes and minor rust.
This appears to be a post-Civil War era county issue of Stewart County, GA, located in southwest Georgia on the Alabama state line. From its style, it appears that this was printed in either the late 1860s or 1870s. The New York location of the printer, G. Schlegel, lends further support for this conclusion. The George Schlegel Lithographing Co. was founded in 1849 and remained in business for over a century. The company was best known for its cigar box labels. The design features a Native American female holding a spear and bow shielding her eyes at left and a large TEN end panel at right. The note was apparently authorized by the Inferior Court of Stewart County and was designed to be signed by three persons. The meaning of the acronym JDC is unclear, but may refer to the Judicial District Court. This is the first example of this denomination that we have offered from this issuer, with PMG mentioning a couple of pin holes and minor rust.
Macon, GA- Merchants Bank of Macon $5 Mar. 1, 1854 G14b PMG Very Fine 25.
The bank has an interesting history. The Bank of Hawkinsville was authorized by the state legislature on December 27, 1842 to change its location to Macon, GA. The following year the name was changed to the Merchants Bank of Macon. The bank had been under fire and apparently felt that a name change and change of location would give it some chance at a fresh start. Newspaper reports in March 1854 seem to indicate that the bank had redeemed its circulation and ceased operation. The bank's charter was then purchased by Chicago investors who apparently proceeded to place large amounts of notes in circulation in the midwest, with one paper reporting the amount to be in the neighborhood of $800,000. The bank was widely identified as a "wildcat" operation and by 1856 it was reportedly winding up its affairs. This pre-war closing date is supported by the fact that some Civil War era scrip notes are known printed on the backs of notes from this bank. The notes, despite all of this drama, were quite attractive. The $5 note is always popular as it has a large "Putti and Silver Dollars" themed vignette. Putti representing Agriculture, Commerce, Navigation, and Industry as well as a Native American are nestled around five silver dollars. This design was intended to defeat attempts to raise notes since the number of silver dollars and putti was keyed to the denomination. A female portrait and a vignette of Liberty seated by a globe and the Declaration of Independence along with a large red FIVE protector complete the design. The note is fully issued and well printed on bright paper with no repairs or meaningful impairments noted and is in above average condition for this type.
The bank has an interesting history. The Bank of Hawkinsville was authorized by the state legislature on December 27, 1842 to change its location to Macon, GA. The following year the name was changed to the Merchants Bank of Macon. The bank had been under fire and apparently felt that a name change and change of location would give it some chance at a fresh start. Newspaper reports in March 1854 seem to indicate that the bank had redeemed its circulation and ceased operation. The bank's charter was then purchased by Chicago investors who apparently proceeded to place large amounts of notes in circulation in the midwest, with one paper reporting the amount to be in the neighborhood of $800,000. The bank was widely identified as a "wildcat" operation and by 1856 it was reportedly winding up its affairs. This pre-war closing date is supported by the fact that some Civil War era scrip notes are known printed on the backs of notes from this bank. The notes, despite all of this drama, were quite attractive. The $5 note is always popular as it has a large "Putti and Silver Dollars" themed vignette. Putti representing Agriculture, Commerce, Navigation, and Industry as well as a Native American are nestled around five silver dollars. This design was intended to defeat attempts to raise notes since the number of silver dollars and putti was keyed to the denomination. A female portrait and a vignette of Liberty seated by a globe and the Declaration of Independence along with a large red FIVE protector complete the design. The note is fully issued and well printed on bright paper with no repairs or meaningful impairments noted and is in above average condition for this type.
Morgan, GA- Bank of Morgan $50 18__ as G18a Proof PMG Choice Uncirculated 64 EPQ.
The Bank of Morgan was a fraudulent bank, existing in name only, according to the Postmaster of Morgan, GA in July 1857. Its numerous bank notes were floated far from home, buying anything that the uninformed would exchange for the attractive, but apparently completely worthless, issues. The $50 sports a large vignette of a passenger train at a depot flanked by others of a man on a horse-drawn wagon conversing with two slaves on the road at left and Ceres at right. A red 50 protector completes the design. The note is printed on India paper with four POCs in the signature lines and was one of seven examples of this note appearing in the 1990 ABNCo Archives sale.
The Bank of Morgan was a fraudulent bank, existing in name only, according to the Postmaster of Morgan, GA in July 1857. Its numerous bank notes were floated far from home, buying anything that the uninformed would exchange for the attractive, but apparently completely worthless, issues. The $50 sports a large vignette of a passenger train at a depot flanked by others of a man on a horse-drawn wagon conversing with two slaves on the road at left and Ceres at right. A red 50 protector completes the design. The note is printed on India paper with four POCs in the signature lines and was one of seven examples of this note appearing in the 1990 ABNCo Archives sale.
Rome, GA- Bank of the Empire State $10 18__ as G8a Proof PMG Choice Uncirculated 64.
The bank opened on March 2, 1857 and is believed to have been in business until the fall of Rome in May 1864 when its books were reportedly taken by Union military authorities. Its ultimate fate is unclear, although it almost certainly closed, from a practical standpoint, by no later than shortly after the end of the war as its notes were quoted at around 15¢ on the dollar in late 1865. The $10 design has a vignette of a farmer taking a lunch break with his children, as well as a vignette of a young girl shading her eyes at left and a small vignette of the Georgia coat of arms at bottom center. A light brown-orange tint and large orange and white 10-X-10 protector complete the design. The note is printed on India paper mounted on cardstock with four small POCs in the signature lines. This note is believed to have been one of around six examples that were part of the ABNCo Archives holdings that were sold in 1990.
The bank opened on March 2, 1857 and is believed to have been in business until the fall of Rome in May 1864 when its books were reportedly taken by Union military authorities. Its ultimate fate is unclear, although it almost certainly closed, from a practical standpoint, by no later than shortly after the end of the war as its notes were quoted at around 15¢ on the dollar in late 1865. The $10 design has a vignette of a farmer taking a lunch break with his children, as well as a vignette of a young girl shading her eyes at left and a small vignette of the Georgia coat of arms at bottom center. A light brown-orange tint and large orange and white 10-X-10 protector complete the design. The note is printed on India paper mounted on cardstock with four small POCs in the signature lines. This note is believed to have been one of around six examples that were part of the ABNCo Archives holdings that were sold in 1990.
Sandersville, GA- Unknown Issuer 12-1/2¢ ND ca. 1860s Remainder PMG Very Fine 20.
The name and history of the issuer(s) who utilized this note have been lost to time. We have offered very few examples of this series over the years, with the most recent to cross our auction block being a 50¢ piece that realized $204 in January 2020.
The name and history of the issuer(s) who utilized this note have been lost to time. We have offered very few examples of this series over the years, with the most recent to cross our auction block being a 50¢ piece that realized $204 in January 2020.
Savannah, GA- Marine Bank of Georgia $20 18__ as G10 Proof PMG Gem Uncirculated 65 EPQ.
The Marine Bank was organized in 1854 and managed to survive the end of the Civil War. A Columbus, GA newspaper notice indicates that the bank was attempting to wind up its affairs in February 1872. The $20 design features not one, but two, water gods supporting a shield with the Georgia coat of arms at center flanked by a portrait of Georgia Governor and United States Senator George M. Troup at right and two engraved strips patented by Cyrus Durand as a anti-alteration device at left. The note is printed on India paper mounted on cardstock, with six POCs in the signature lines. This note was undoubtedly one of the four examples of this design that were part of Lot 317 in the 1990 ABNCo Archives sale.
The Marine Bank was organized in 1854 and managed to survive the end of the Civil War. A Columbus, GA newspaper notice indicates that the bank was attempting to wind up its affairs in February 1872. The $20 design features not one, but two, water gods supporting a shield with the Georgia coat of arms at center flanked by a portrait of Georgia Governor and United States Senator George M. Troup at right and two engraved strips patented by Cyrus Durand as a anti-alteration device at left. The note is printed on India paper mounted on cardstock, with six POCs in the signature lines. This note was undoubtedly one of the four examples of this design that were part of Lot 317 in the 1990 ABNCo Archives sale.
Savannah, GA- Merchants and Planters Bank $1-$1-$1-$2 June 1, 1859 G2c-G2c-G2c-G4c Uncut Sheet PMG Choice Uncirculated 63.
The bank was organized in 1856 and remained in business until suspending in the aftermath of the Civil War. The bank's notes were quoted as low as 5¢ on the dollar in the months following the end of the Civil War, reflecting its status. The $1s feature a busy freight yard scene, with wagons being organized including a wagonload of cotton bales, while the $2 depicts a traditional harvest scene. All of the notes have bi-color denominational counters and red-orange protectors. The sheet is trimmed down to note size on all margins except the bottom one which is not unusual for sheets from this issuer.
The bank was organized in 1856 and remained in business until suspending in the aftermath of the Civil War. The bank's notes were quoted as low as 5¢ on the dollar in the months following the end of the Civil War, reflecting its status. The $1s feature a busy freight yard scene, with wagons being organized including a wagonload of cotton bales, while the $2 depicts a traditional harvest scene. All of the notes have bi-color denominational counters and red-orange protectors. The sheet is trimmed down to note size on all margins except the bottom one which is not unusual for sheets from this issuer.
Savannah, GA- Planters Bank of the State of Georgia $100 ND as G76 Proof PMG Choice Uncirculated 63.
The Planters Bank of the State of Georgia was organized around 1810 and remained in business throughout the Civil War years. Newspaper advertisements from the period show that it was in receivership by the summer of 1866. The $100 design has a vignette of Manufacturing or perhaps Industry seated with a shield depicting the state coat of arms. It is flanked by four cameo-like medallion heads that were quite effective counterfeit deterrents. The note is printed on India paper mounted on cardstock without any forms of cancellation present in the signature lines. One example of this design (in all likelihood, this note) appeared in Lot 326 of the 1990 ABNCo Archives sale. We are aware of approximately three surviving examples in Proof form.
The Planters Bank of the State of Georgia was organized around 1810 and remained in business throughout the Civil War years. Newspaper advertisements from the period show that it was in receivership by the summer of 1866. The $100 design has a vignette of Manufacturing or perhaps Industry seated with a shield depicting the state coat of arms. It is flanked by four cameo-like medallion heads that were quite effective counterfeit deterrents. The note is printed on India paper mounted on cardstock without any forms of cancellation present in the signature lines. One example of this design (in all likelihood, this note) appeared in Lot 326 of the 1990 ABNCo Archives sale. We are aware of approximately three surviving examples in Proof form.
Savannah, GA- Bank of Savannah $1 18__ G2 Proof PMG Choice Uncirculated 63.
The bank was organized in 1850 and remained in business into the Civil War, with notes dated as late as 1863. It appears that the bank remained nominally in business until September 26, 1868, when the Governor issued a proclamation that he had accepted the surrender of the bank's charter and all of the attendant rights and privileges associated with it. The $1 design features well engraved vignettes of Liberty and a large sailing vessel as well as a portrait of Jenny Lind. This example appears to be mounted on thin card which has a ghost image of a $10 issue of the Bank of the Republic, New York (Haxby G10) with six POCs in the signature lines. There were two examples of this design in the ABNCo Archives holdings that were dispersed in 1990 in addition to at least one additional note that served as the plate note in Haxby's catalog in 1988.
The bank was organized in 1850 and remained in business into the Civil War, with notes dated as late as 1863. It appears that the bank remained nominally in business until September 26, 1868, when the Governor issued a proclamation that he had accepted the surrender of the bank's charter and all of the attendant rights and privileges associated with it. The $1 design features well engraved vignettes of Liberty and a large sailing vessel as well as a portrait of Jenny Lind. This example appears to be mounted on thin card which has a ghost image of a $10 issue of the Bank of the Republic, New York (Haxby G10) with six POCs in the signature lines. There were two examples of this design in the ABNCo Archives holdings that were dispersed in 1990 in addition to at least one additional note that served as the plate note in Haxby's catalog in 1988.
Savannah, GA- Bank of Savannah $5 18__ (Faded) G10 PMG Fine 12.
This $5 is an earlier issue and should not be confused with the more frequently seen later National Bank Note Company-printed issues. It features two allegorical women seated on bales by a cotton plant flanked by a vignette of three women holding aloft an oval 5 counter at left and a denominational end panel at right. The note bears an interesting banker stamp of J.F. Winter, Banker and Exchange Dealer in Macon, GA who was also the "Manager of the Havana Plan Lottery." PMG notes two tape repairs of an edge split at right center on the back.
This $5 is an earlier issue and should not be confused with the more frequently seen later National Bank Note Company-printed issues. It features two allegorical women seated on bales by a cotton plant flanked by a vignette of three women holding aloft an oval 5 counter at left and a denominational end panel at right. The note bears an interesting banker stamp of J.F. Winter, Banker and Exchange Dealer in Macon, GA who was also the "Manager of the Havana Plan Lottery." PMG notes two tape repairs of an edge split at right center on the back.
Savannah, GA- Bank of the State of Georgia, Augusta Branch $50 July 6, 1855 G242a PMG Very Fine 25.
The bank was organized in 1815 and remained in business through the Civil War. It did not survive the end of the war by more than a year, finally closing its doors during May-June, 1866 when it entered receivership. The $50 features a large red and white 50 counter at center flanked by a portrait of a maiden holding a cornucopia at left and another of a sailor at right. The back has a red 50-50-50 decorative design. Branch issues such as this Augusta $50 are somewhat scarcer than the principal office issues from Savannah. This example is fully issued on bright paper with good colors and is repair-free.
The bank was organized in 1815 and remained in business through the Civil War. It did not survive the end of the war by more than a year, finally closing its doors during May-June, 1866 when it entered receivership. The $50 features a large red and white 50 counter at center flanked by a portrait of a maiden holding a cornucopia at left and another of a sailor at right. The back has a red 50-50-50 decorative design. Branch issues such as this Augusta $50 are somewhat scarcer than the principal office issues from Savannah. This example is fully issued on bright paper with good colors and is repair-free.
Savannah, GA- Bank of the State of Georgia, Augusta Branch $100 July 6, 1855 G248a PMG Choice Fine 15.
The Bank of the State of Georgia was originally organized in 1815 and remained in business through the Civil War although it did not survive the war's conclusion by much, finally succumbing during May-June, 1866 when it entered receivership. This $100, issued in happier days, features a large red and white 100 counter at center flanked by vignettes of Proserpina at left and a sailing vessel at right. The back has a red decorative 100-C-100 design. Branch issues, such as this one from Augusta, are typically somewhat scarcer than those from the principal office in Savannah. A fully issued, repair-free example with no noticeable impairments aside from two small spots in the top margin.
The Bank of the State of Georgia was originally organized in 1815 and remained in business through the Civil War although it did not survive the war's conclusion by much, finally succumbing during May-June, 1866 when it entered receivership. This $100, issued in happier days, features a large red and white 100 counter at center flanked by vignettes of Proserpina at left and a sailing vessel at right. The back has a red decorative 100-C-100 design. Branch issues, such as this one from Augusta, are typically somewhat scarcer than those from the principal office in Savannah. A fully issued, repair-free example with no noticeable impairments aside from two small spots in the top margin.
Savannah, GA- Timber Cutter's Bank $5 18__ as G6a Proof PMG Choice Uncirculated 64.
The bank was chartered in 1857 and opened for business in 1858. Even before the end of the Civil War it was labeled a "wildcat" institution of questionable worth. While there is no question that the bank failed, the determination of when it closed is problematic. A good place to start would be the fall of Savannah on December 21, 1864 which was the culmination of Sherman's March to the Sea. A contemporary newspaper account indicated that every bank building in town was abandoned including that of the Timber Cutter's Bank. Notes on the bank were quoted as "unsaleable" in 1865 and at prices of between 0¢ and 5¢ on the dollar in the next two years, confirming its fate. The $5 has a vignette titled Morning at left and a large vignette of a group rafting down a river at right titled The Raft. It also sports a large red 5 protector. The note is printed on India paper mounted on cardstock with four small POCs in the signature lines. One example of this variety with the red 5 protector appeared in the 1990 ABNCo Archives sale, Lot 327. A striking note that is sneaky rare.
The bank was chartered in 1857 and opened for business in 1858. Even before the end of the Civil War it was labeled a "wildcat" institution of questionable worth. While there is no question that the bank failed, the determination of when it closed is problematic. A good place to start would be the fall of Savannah on December 21, 1864 which was the culmination of Sherman's March to the Sea. A contemporary newspaper account indicated that every bank building in town was abandoned including that of the Timber Cutter's Bank. Notes on the bank were quoted as "unsaleable" in 1865 and at prices of between 0¢ and 5¢ on the dollar in the next two years, confirming its fate. The $5 has a vignette titled Morning at left and a large vignette of a group rafting down a river at right titled The Raft. It also sports a large red 5 protector. The note is printed on India paper mounted on cardstock with four small POCs in the signature lines. One example of this variety with the red 5 protector appeared in the 1990 ABNCo Archives sale, Lot 327. A striking note that is sneaky rare.
Thomasville, GA- Cotton Planters Bank of Georgia $2 Feb. 2, 1863 G12 PMG Fine 12.
The Cotton Planters Bank of Georgia was chartered by the state legislature on December 14, 1861. It is not known at the time of this writing what the fate of the institution ultimately was. Examples of any denomination are difficult to obtain, and this deuce is no exception. It was payable in "Currency," which likely meant Confederate Treasury Notes.
The Cotton Planters Bank of Georgia was chartered by the state legislature on December 14, 1861. It is not known at the time of this writing what the fate of the institution ultimately was. Examples of any denomination are difficult to obtain, and this deuce is no exception. It was payable in "Currency," which likely meant Confederate Treasury Notes.
Bolton, IL- Bank of Southern Illinois $10 Dec. 18, 1858 G10 PMG Choice Fine 15.
This extremely rare Illinois Obsolete is an oddity for the fact that its design details are printed in blue ink. At center is a busy riverfront scene, with an oar boat moving toward a large raft, and at right is a depiction of a lumberjack with an axe. At left is the auditor's seal. James Haxby was aware of surviving examples of this variety, as a plate note and values are listed in his 1988 book United States Obsolete Bank Notes 1782-1866: Volume 1. However, the plate note in the book and our current offering are two different notes. We auctioned another example as part of our October 2015 Eric P. Newman Collection auction. That piece, which graded PCGS Fine 15 Apparent with small edge splits, realized $646. The surviving population of this Obsolete is estimated at approximately 3-4 extant. PMG mentions pinholes and minor rust on the note in this lot.
This extremely rare Illinois Obsolete is an oddity for the fact that its design details are printed in blue ink. At center is a busy riverfront scene, with an oar boat moving toward a large raft, and at right is a depiction of a lumberjack with an axe. At left is the auditor's seal. James Haxby was aware of surviving examples of this variety, as a plate note and values are listed in his 1988 book United States Obsolete Bank Notes 1782-1866: Volume 1. However, the plate note in the book and our current offering are two different notes. We auctioned another example as part of our October 2015 Eric P. Newman Collection auction. That piece, which graded PCGS Fine 15 Apparent with small edge splits, realized $646. The surviving population of this Obsolete is estimated at approximately 3-4 extant. PMG mentions pinholes and minor rust on the note in this lot.
Carmi, IL- Bank of Carmi $1 Faded G2a PCGS Apparent Very Good 08.
The Bank of Carmi was a free bank organized in 1858 and was one of many to be placed in receivership on August 30, 1861 due to an insufficiency of security. This was due to the fact that the bank used exclusively bonds issued by the states of Virginia, Missouri, Tennessee, and North Carolina to secure its circulation. In the months leading up to and during the start of the war, the value of these bonds, not surprisingly, plummeted. As a result, the bank was asked by state authorities to come up with an additional $50,930 in suitable securities or redeem an equal amount of circulation. The bank opted to do neither and was placed in receivership with the bonds being sold in New York. As a result, the notes were being redeemed in early 1862 by the Auditor for 54.5¢ on the dollar.
The $1 design features a vignette of a large bull at center flanked by the state banking die at left and an oval female portrait at right. A large red ONE protector completes the design. While this note has obviously seen extended time in circulation, it is fully intact with just a small number of tiny patches and edge repairs that do not overly distract. Ex: Eric P. Newman Collection.
The Bank of Carmi was a free bank organized in 1858 and was one of many to be placed in receivership on August 30, 1861 due to an insufficiency of security. This was due to the fact that the bank used exclusively bonds issued by the states of Virginia, Missouri, Tennessee, and North Carolina to secure its circulation. In the months leading up to and during the start of the war, the value of these bonds, not surprisingly, plummeted. As a result, the bank was asked by state authorities to come up with an additional $50,930 in suitable securities or redeem an equal amount of circulation. The bank opted to do neither and was placed in receivership with the bonds being sold in New York. As a result, the notes were being redeemed in early 1862 by the Auditor for 54.5¢ on the dollar.
The $1 design features a vignette of a large bull at center flanked by the state banking die at left and an oval female portrait at right. A large red ONE protector completes the design. While this note has obviously seen extended time in circulation, it is fully intact with just a small number of tiny patches and edge repairs that do not overly distract. Ex: Eric P. Newman Collection.
Chicago, IL- Fernow & Koenig 25¢ ___ 1862 Remainder PMG Very Fine 25.
The firm of Fernow & Koenig was in the dry goods business at 22 North Clark Street circa 1861 to 1866 when the company, under that name, is last mentioned in Chicago city directories. The principals were Louis Fernow and Joseph A. Koening (ca. 1861-64) / August J. Koening (1865-66). The note features an apparent custom vignette of the business block in which the firm was located (destroyed during the Great Chicago Fire in 1871), flanked by a young woman's portrait at left and a vignette of a man on horseback driving a herd of mixed livestock at right. True Chicago Civil War era scrip is far rarer than one might think.
The firm of Fernow & Koenig was in the dry goods business at 22 North Clark Street circa 1861 to 1866 when the company, under that name, is last mentioned in Chicago city directories. The principals were Louis Fernow and Joseph A. Koening (ca. 1861-64) / August J. Koening (1865-66). The note features an apparent custom vignette of the business block in which the firm was located (destroyed during the Great Chicago Fire in 1871), flanked by a young woman's portrait at left and a vignette of a man on horseback driving a herd of mixed livestock at right. True Chicago Civil War era scrip is far rarer than one might think.
Grayville, IL- Grayville Bank $2 18__ as G4 Proof PMG Uncirculated 62.
This was a rather long-lived free bank by Illinois standards, having opened in 1854 and surviving to August 30, 1861 when it was placed in liquidation by state authorities. The reason was that 75% of the state bonds it had deposited with the state to secure its circulation were Missouri 6s which declined in value precipitously at the beginning of the war. Rather than deposit more securities or withdraw a large amount of circulation, the bank opted to go into receivership. By early 1862, its notes were being redeemed by the State Auditor for 54¢ on the dollar. The $2 design features a stag being run down by hunting dogs. This vignette is flanked by a vignette of a farmer resting during harvest, leaning on a large scythe at left and the state banking die at lower right. The note is printed on India paper with the twin imprints of Jocelyn, Draper, Welsh & Co. and American Bank Note Company, New York. The latter imprint was used by Jocelyn, Draper, Welsh & Co. between 1854 and 1858 and should not be confused with THE American Bank Note Company which was created in 1858. PMG notes an internal paper tear and hole at the lower left denominational counter. There were two examples of this note in the 1990 ABNCo Archives sale but it is unclear if this note is either one of them.
This was a rather long-lived free bank by Illinois standards, having opened in 1854 and surviving to August 30, 1861 when it was placed in liquidation by state authorities. The reason was that 75% of the state bonds it had deposited with the state to secure its circulation were Missouri 6s which declined in value precipitously at the beginning of the war. Rather than deposit more securities or withdraw a large amount of circulation, the bank opted to go into receivership. By early 1862, its notes were being redeemed by the State Auditor for 54¢ on the dollar. The $2 design features a stag being run down by hunting dogs. This vignette is flanked by a vignette of a farmer resting during harvest, leaning on a large scythe at left and the state banking die at lower right. The note is printed on India paper with the twin imprints of Jocelyn, Draper, Welsh & Co. and American Bank Note Company, New York. The latter imprint was used by Jocelyn, Draper, Welsh & Co. between 1854 and 1858 and should not be confused with THE American Bank Note Company which was created in 1858. PMG notes an internal paper tear and hole at the lower left denominational counter. There were two examples of this note in the 1990 ABNCo Archives sale but it is unclear if this note is either one of them.
LaSalle, IL- Bank of LaSalle $3 18__ G6 Remainder PMG About Uncirculated 55 EPQ.
The bank was reportedly only partially organized in 1859, with a newspaper item from February 6, 1862 indicating, as of that date, that while organizational paper work had been submitted, circulating notes had not yet been issued. While Haxby indicated that circulating notes had been printed but all destroyed, the appearance of this remainder proves that not all were. The design features an idyllic vignette of a group of men rafting down a river, with a steamboat in the distance. This is flanked by a vignette of Justice seated and the state free banking die at left and a vignette of a passenger train crossing a busy canal at right. We are aware of three uncut sheets (which may or may not still exist in uncut form) as well as two single $1s and a single $2. This is the first single $3 we have been able to offer.
The bank was reportedly only partially organized in 1859, with a newspaper item from February 6, 1862 indicating, as of that date, that while organizational paper work had been submitted, circulating notes had not yet been issued. While Haxby indicated that circulating notes had been printed but all destroyed, the appearance of this remainder proves that not all were. The design features an idyllic vignette of a group of men rafting down a river, with a steamboat in the distance. This is flanked by a vignette of Justice seated and the state free banking die at left and a vignette of a passenger train crossing a busy canal at right. We are aware of three uncut sheets (which may or may not still exist in uncut form) as well as two single $1s and a single $2. This is the first single $3 we have been able to offer.
Lockport, IL- Illinois & Michigan Canal Fund at State Bank of Illinois $10-$10-$20-$50 18__ Uncut Sheet PMG Choice Uncirculated 64 EPQ.
The Illinois & Michigan Canal was part of the state's massive public works program which was shut down in 1841. These notes were payable at the State Bank of Illinois which was placed in liquidation by state authorities in 1843. The effort to complete the canal and other internal improvements almost bankrupted the state although the project was completed in 1848. These notes would have been issued around 1840 to 1841. The $10 design features a vignette of an allegorical woman surrounded by cherubs and a second depicting a lone cherub. The $20 design has a vignette of Liberty seated by a shield at center and another of a farmer harvesting corn at right. The $50 design has three vignettes of Justice, Liberty, and Ceres by shields. Interestingly the shield by Liberty at center depicts the Rhode Island coat of arms, with the inscription Hope, which is rather ironic given the state of the state's finances. Three of the sheet's four edges are naturally deckled, but none of the notes themselves are impacted.
The Illinois & Michigan Canal was part of the state's massive public works program which was shut down in 1841. These notes were payable at the State Bank of Illinois which was placed in liquidation by state authorities in 1843. The effort to complete the canal and other internal improvements almost bankrupted the state although the project was completed in 1848. These notes would have been issued around 1840 to 1841. The $10 design features a vignette of an allegorical woman surrounded by cherubs and a second depicting a lone cherub. The $20 design has a vignette of Liberty seated by a shield at center and another of a farmer harvesting corn at right. The $50 design has three vignettes of Justice, Liberty, and Ceres by shields. Interestingly the shield by Liberty at center depicts the Rhode Island coat of arms, with the inscription Hope, which is rather ironic given the state of the state's finances. Three of the sheet's four edges are naturally deckled, but none of the notes themselves are impacted.
Lockport, IL- Illinois & Michigan Canal Fund Board of Commissioners Payable at State Bank of Illinois $50 18__ Remainder PMG Choice Uncirculated 64 EPQ.
The Illinois & Michigan Canal was part of the state's massive public works program which was shut down in 1841. This note, issued by the Illinois and Michigan Canal Commissioners, was payable at the State Bank of Illinois which, itself, was placed in liquidation by state authorities in 1843. The effort to complete the canal and other internal improvements almost bankrupted the state although the project was completed in 1848. Had this note been issued, it would have been issued around 1840 to 1841. The $50 design has three vignettes of Justice, Liberty, and Ceres by shields. Interestingly, the shield by Liberty at center depicts the Rhode Island coat of arms, with the inscription Hope; rather ironic given the state of the state's finances. W.F. Thornton, whose signature appears on this note, was President of the Illinois and Michigan Canal Board of Commissioners from 1836-1843. This note is currently tied with one other for the "top pop" position in the PMG Population Report albeit as part of a small total population of eight notes.
The Illinois & Michigan Canal was part of the state's massive public works program which was shut down in 1841. This note, issued by the Illinois and Michigan Canal Commissioners, was payable at the State Bank of Illinois which, itself, was placed in liquidation by state authorities in 1843. The effort to complete the canal and other internal improvements almost bankrupted the state although the project was completed in 1848. Had this note been issued, it would have been issued around 1840 to 1841. The $50 design has three vignettes of Justice, Liberty, and Ceres by shields. Interestingly, the shield by Liberty at center depicts the Rhode Island coat of arms, with the inscription Hope; rather ironic given the state of the state's finances. W.F. Thornton, whose signature appears on this note, was President of the Illinois and Michigan Canal Board of Commissioners from 1836-1843. This note is currently tied with one other for the "top pop" position in the PMG Population Report albeit as part of a small total population of eight notes.
Mount Carmel, IL- Citizens Bank $1-$2-$5-$10 18__ as G2- as G4- as G6- as G8 Proof Uncut Sheet PCGS Choice New 63.
The Citizens Bank was organized in 1856 and remained in business until being placed in receivership by state authorities on August 30, 1861 due to a deficiency of security for its circulation. This was due to the bank's deposited securities being solely the issues of Missouri, Virginia, and Tennessee, which dropped in value precipitously when the Civil War became a reality. The bank refused to either provide more securities or reduce circulation to remedy the deficiency and was promptly suspended. By early 1862, the State Auditor was redeeming notes from this bank at 55¢ on the dollar.
This Proof sheet comprises four different denominations. The $1 features vignettes of a milkmaid with her cows and Ceres, while the $2 has a dynamic vignette of a large eagle with state flags in the background. The $5 has an allegorical vignette of a seated woman, perhaps representing Agriculture, while the $10 has a panoramic vignette of Liberty and Justice seated by a shield with a steamboat and passenger train in the background. The sheet is printed on India paper with four POCs in the signature lines of each note. PCGS indicates an edge tear at right (which is difficult to locate through the holder), and two tape repairs of tears associated with the POCs. There were twelve examples of this sheet in the 1990 ABNCo Archives sale, with an unknown number having been subsequently cut in the last thirty-five years.
The Citizens Bank was organized in 1856 and remained in business until being placed in receivership by state authorities on August 30, 1861 due to a deficiency of security for its circulation. This was due to the bank's deposited securities being solely the issues of Missouri, Virginia, and Tennessee, which dropped in value precipitously when the Civil War became a reality. The bank refused to either provide more securities or reduce circulation to remedy the deficiency and was promptly suspended. By early 1862, the State Auditor was redeeming notes from this bank at 55¢ on the dollar.
This Proof sheet comprises four different denominations. The $1 features vignettes of a milkmaid with her cows and Ceres, while the $2 has a dynamic vignette of a large eagle with state flags in the background. The $5 has an allegorical vignette of a seated woman, perhaps representing Agriculture, while the $10 has a panoramic vignette of Liberty and Justice seated by a shield with a steamboat and passenger train in the background. The sheet is printed on India paper with four POCs in the signature lines of each note. PCGS indicates an edge tear at right (which is difficult to locate through the holder), and two tape repairs of tears associated with the POCs. There were twelve examples of this sheet in the 1990 ABNCo Archives sale, with an unknown number having been subsequently cut in the last thirty-five years.
Nauvoo, IL- Nauvoo House Association $50 Feb. 11, 1841 Nyholm 45 Rust 30 Uncut Pair PCGS Choice About New 58.
The Nauvoo House was a hotel built and sponsored by the Mormon Church. The certificates of stock in this lot were issued as a medium of exchange. John Snider signed for Secretary, while George Miller endorsed for President. Uncut pairs from this organization are rare. The last example we auctioned was a PMG 64 EPQ that brought $1,020 in September 2018.
The Nauvoo House was a hotel built and sponsored by the Mormon Church. The certificates of stock in this lot were issued as a medium of exchange. John Snider signed for Secretary, while George Miller endorsed for President. Uncut pairs from this organization are rare. The last example we auctioned was a PMG 64 EPQ that brought $1,020 in September 2018.
Nauvoo, IL- Nauvoo House Association $100 Stock Certificate 18__ Remainder Rust 31 PMG Choice Uncirculated 64 EPQ.
While technically a stock certificate, this $100 note was transferrable to the bearer and was probably envisioned as a form of circulating note. These notes (a $50 denomination also exists) were, however, never issued and are known in unissued remainder form only. The Nauvoo House was to be a Church-sponsored hotel. Construction began in 1841 but was halted in 1844 when funds were diverted to completing the Nauvoo Temple. The project was finally completed by Joseph Smith's widow, Emma, in the 1870s. The design features an angel and cherub unveiling a framed depiction of Minerva at center. An oval-framed cameo-like medallion head is at left and a steamboat appears at right.
While technically a stock certificate, this $100 note was transferrable to the bearer and was probably envisioned as a form of circulating note. These notes (a $50 denomination also exists) were, however, never issued and are known in unissued remainder form only. The Nauvoo House was to be a Church-sponsored hotel. Construction began in 1841 but was halted in 1844 when funds were diverted to completing the Nauvoo Temple. The project was finally completed by Joseph Smith's widow, Emma, in the 1870s. The design features an angel and cherub unveiling a framed depiction of Minerva at center. An oval-framed cameo-like medallion head is at left and a steamboat appears at right.
New Market, IL- New Market Bank $10 18__ G4 Proof PMG Choice Uncirculated 63.
The bank was organized in 1859 and remained in business until being placed in receivership by state authorities on August 30, 1861. The bank's securities deposited with the state consisted wholly of bonds issued by the state of Tennessee. When these plunged in value with the onset of the Civil War, the state asked the bank to either add $48,150 in additional securities or withdraw an equivalent amount of banknotes from circulation. The bank opted not to comply and was subsequently suspended by state authorities who then sold the bonds in order to redeem the bank's circulation. By early 1862 the Auditor was redeeming this bank's issues at the rate of 52¢ on the dollar. The $10 design features a large vignette of what appears to be a horse sale. A vignette of an allegorical woman representing perhaps Liberty or America appears at upper left and the state banking die is at lower right. The note is printed on India paper mounted on cardstock with six POCs in the signature lines. Printed by ABNCo, this Proof was not in the 1990 ABNCo Archives sale. Based on an inspection of the POC locations and paper remnants within those POCs, this is almost assuredly the Haxby plate note (page 359, Volume 1). Excessively rare and possibly unique.
The bank was organized in 1859 and remained in business until being placed in receivership by state authorities on August 30, 1861. The bank's securities deposited with the state consisted wholly of bonds issued by the state of Tennessee. When these plunged in value with the onset of the Civil War, the state asked the bank to either add $48,150 in additional securities or withdraw an equivalent amount of banknotes from circulation. The bank opted not to comply and was subsequently suspended by state authorities who then sold the bonds in order to redeem the bank's circulation. By early 1862 the Auditor was redeeming this bank's issues at the rate of 52¢ on the dollar. The $10 design features a large vignette of what appears to be a horse sale. A vignette of an allegorical woman representing perhaps Liberty or America appears at upper left and the state banking die is at lower right. The note is printed on India paper mounted on cardstock with six POCs in the signature lines. Printed by ABNCo, this Proof was not in the 1990 ABNCo Archives sale. Based on an inspection of the POC locations and paper remnants within those POCs, this is almost assuredly the Haxby plate note (page 359, Volume 1). Excessively rare and possibly unique.
Ottawa, IL- Bank of Ottawa 50¢ ____ 1862 Remainder PMG Very Fine 30.
The Bank of Ottawa had been a free bank operating until February 1859 when the bank was suspended and its circulation redeemed by the State Auditor at par. It appears that the firm of Cushman & True then used the Bank of Ottawa as the name for a private bank, with first advertisements appearing in May 1859. W.H.W. Cushman is listed as a banker in the 1860 census and an April 29, 1865 announcement declared that the Bank of Ottawa had been succeeded by the First National Bank of Ottawa. This 50¢ note was issued by the Bank of Ottawa , with Cushman's well respected name prominently displayed to bolster its acceptance. The note features a logging scene flanked by an oval bull's head vignette and a patriotic eagle and shield vignette as well as a dog head symbolizing Fidelity at bottom center. Splits are mentioned by PMG.
The Bank of Ottawa had been a free bank operating until February 1859 when the bank was suspended and its circulation redeemed by the State Auditor at par. It appears that the firm of Cushman & True then used the Bank of Ottawa as the name for a private bank, with first advertisements appearing in May 1859. W.H.W. Cushman is listed as a banker in the 1860 census and an April 29, 1865 announcement declared that the Bank of Ottawa had been succeeded by the First National Bank of Ottawa. This 50¢ note was issued by the Bank of Ottawa , with Cushman's well respected name prominently displayed to bolster its acceptance. The note features a logging scene flanked by an oval bull's head vignette and a patriotic eagle and shield vignette as well as a dog head symbolizing Fidelity at bottom center. Splits are mentioned by PMG.
Ottawa, IL- Bank of Ottawa $2 185_ as G4 Proof PMG Gem Uncirculated 66 EPQ.
The Bank of Ottawa was opened in 1852 under the state's new free banking laws with George Norris serving as president and George Fisher as cashier. The bank's circulation was secured with $50,000 in Virginia bonds deposited with the state. It apparently voluntarily closed its doors in 1855 according to newspaper reports. The $2 design features a vignette of a Native American man contemplating a nearby plow flanked by the state free banking die and an oval portrait of Stephen A. Douglas. The note is printed on India paper mounted on cardstock with six POCs in the signature lines and, in turn, affixed to an original Danforth Bald archive book card. It was in all likelihood part of Lot 361 of the landmark 1990 ABNCo Archives sale. This premium condition note is quite possibly unique. Haxby illustrated a $1 Proof in his catalog which appeared two years before the Archives sale suggesting that one other $2 might be out there someplace, part of a second uncut sheet, but this is the only example that has surfaced in at least the last two and a half decades. We last auctioned this note for $720 in 2021 and expect that price to be met or exceeded tonight.
The Bank of Ottawa was opened in 1852 under the state's new free banking laws with George Norris serving as president and George Fisher as cashier. The bank's circulation was secured with $50,000 in Virginia bonds deposited with the state. It apparently voluntarily closed its doors in 1855 according to newspaper reports. The $2 design features a vignette of a Native American man contemplating a nearby plow flanked by the state free banking die and an oval portrait of Stephen A. Douglas. The note is printed on India paper mounted on cardstock with six POCs in the signature lines and, in turn, affixed to an original Danforth Bald archive book card. It was in all likelihood part of Lot 361 of the landmark 1990 ABNCo Archives sale. This premium condition note is quite possibly unique. Haxby illustrated a $1 Proof in his catalog which appeared two years before the Archives sale suggesting that one other $2 might be out there someplace, part of a second uncut sheet, but this is the only example that has surfaced in at least the last two and a half decades. We last auctioned this note for $720 in 2021 and expect that price to be met or exceeded tonight.
Quincy, IL- Quincy City Bank / Page & Bacon $1 Certificate of Deposit 18__ Proof PCGS Choice About New 58.
The Quincy City Bank was one of the first free banks organized in Illinois, dating from January 1, 1852. Its certificate of operation was filed on April 12, 1852 indicating a charter termination date of May 31, 1877 and an initial capitalization of $100,000. The St. Louis firm of Page & Bacon was a major (and likely majority) stockholder in the bank. It appears that certificates of deposit like this example were used to skirt Illinois and Missouri banking laws. In the case of Illinois, the limitation on how much circulation could be issued was ignored, since these certificates were technically not bank notes. Notice that there is no state banking die, nor a place for a countersignature by any state authority on this certificate. This gave the bank additional leverage without the necessity of depositing more securities with Illinois state authorities. The bank started issuing bank notes in December 1852 with local newspapers trumpeting the soundness and gilt-edge nature of the bank and its officers, but within a matter of days, one sharp-eyed newspaper editor made the public aware of the distinction between an unsecured certificate of deposit and a secured bank note and what would happen were difficulties to arise. By early 1853 this warning seemed to be warranted; the bank had over $200,000 in certificates of deposit in circulation and was convicted of practicing illegal banking practices by the Grand Jury of St. Louis. As part of the settlement, on October 5, 1853, the bank announced it was winding up its affairs and that all circulating notes were redeemable in the Illinois Auditor's office for three years, after which any remaining proceeds would be returned to the bank- no mention of certificates of deposit. These, as it turns out, were to be redeemed in specie by Page & Bacon in St. Louis. Based on the rarity of these certificates today, apparently almost all were, in fact, redeemed. The Panic of 1854 caused the over-extended firm to suspend in St. Louis in January 1855 and in San Francisco the following month.
The $1 design features a panoramic vignette of a passenger train rounding a curve with a mechanic and a group of people representing Commerce, Manufacturing, and Education looking on. The paper is toned and somewhat brittle with a missing lower right corner. At some point the denominational counter at upper right was removed and replaced. The certificate, with some small chips missing out of the upper margin has been mounted on cardstock. This example appears to have been part of Lot 366 in the 1990 ABNCo Archives sale which specifically mentions the paper issues. Ex: Eric P. Newman Collection and the only example we have offered in any form.
The Quincy City Bank was one of the first free banks organized in Illinois, dating from January 1, 1852. Its certificate of operation was filed on April 12, 1852 indicating a charter termination date of May 31, 1877 and an initial capitalization of $100,000. The St. Louis firm of Page & Bacon was a major (and likely majority) stockholder in the bank. It appears that certificates of deposit like this example were used to skirt Illinois and Missouri banking laws. In the case of Illinois, the limitation on how much circulation could be issued was ignored, since these certificates were technically not bank notes. Notice that there is no state banking die, nor a place for a countersignature by any state authority on this certificate. This gave the bank additional leverage without the necessity of depositing more securities with Illinois state authorities. The bank started issuing bank notes in December 1852 with local newspapers trumpeting the soundness and gilt-edge nature of the bank and its officers, but within a matter of days, one sharp-eyed newspaper editor made the public aware of the distinction between an unsecured certificate of deposit and a secured bank note and what would happen were difficulties to arise. By early 1853 this warning seemed to be warranted; the bank had over $200,000 in certificates of deposit in circulation and was convicted of practicing illegal banking practices by the Grand Jury of St. Louis. As part of the settlement, on October 5, 1853, the bank announced it was winding up its affairs and that all circulating notes were redeemable in the Illinois Auditor's office for three years, after which any remaining proceeds would be returned to the bank- no mention of certificates of deposit. These, as it turns out, were to be redeemed in specie by Page & Bacon in St. Louis. Based on the rarity of these certificates today, apparently almost all were, in fact, redeemed. The Panic of 1854 caused the over-extended firm to suspend in St. Louis in January 1855 and in San Francisco the following month.
The $1 design features a panoramic vignette of a passenger train rounding a curve with a mechanic and a group of people representing Commerce, Manufacturing, and Education looking on. The paper is toned and somewhat brittle with a missing lower right corner. At some point the denominational counter at upper right was removed and replaced. The certificate, with some small chips missing out of the upper margin has been mounted on cardstock. This example appears to have been part of Lot 366 in the 1990 ABNCo Archives sale which specifically mentions the paper issues. Ex: Eric P. Newman Collection and the only example we have offered in any form.
Quincy, IL- Quincy City Bank / Page & Bacon $2 Certificate of Deposit 18__ Proof PCGS Choice About New 58.
Page & Bacon established a bank in Quincy Illinois, the Quincy City Bank, in 1852 and used it as the means to issue large quantities of unsecured certificates of deposit like this $2, in addition to much smaller quantities of legitimately secured bank notes. The firm was found guilty of illegal banking practices by the Grand Jury of St. Louis in April 1853 which led it to close the Quincy City Bank and redeem its bank notes with the State Auditor of Illinois. Newspaper reports indicated that they also redeemed these certificates of deposit in St. Louis. It is unclear how many of these certificates were redeemed, although their rarity today suggests that the vast majority of them were. In any case, the Panic of 1854 led to the suspension of Page & Bacon in early 1855, essentially putting them out of the note issuing business once and for all. The $2 design features a herd of horses galloping across a field flanked by smaller vignettes of two farmers walking down a road at left and a Native American mother holding her child at right. Like the previously listed $1 in this auction, the India paper is toned with small chips missing out of the margins, mounted on cardstock. In addition, the plate letter and denomination have been cut out. This $2 was part of Lot 366 in the 1990 ABNCo Archives sale and is very likely the only example surviving in Proof, or perhaps in any, form. Ex: Eric P. Newman Collection.
Page & Bacon established a bank in Quincy Illinois, the Quincy City Bank, in 1852 and used it as the means to issue large quantities of unsecured certificates of deposit like this $2, in addition to much smaller quantities of legitimately secured bank notes. The firm was found guilty of illegal banking practices by the Grand Jury of St. Louis in April 1853 which led it to close the Quincy City Bank and redeem its bank notes with the State Auditor of Illinois. Newspaper reports indicated that they also redeemed these certificates of deposit in St. Louis. It is unclear how many of these certificates were redeemed, although their rarity today suggests that the vast majority of them were. In any case, the Panic of 1854 led to the suspension of Page & Bacon in early 1855, essentially putting them out of the note issuing business once and for all. The $2 design features a herd of horses galloping across a field flanked by smaller vignettes of two farmers walking down a road at left and a Native American mother holding her child at right. Like the previously listed $1 in this auction, the India paper is toned with small chips missing out of the margins, mounted on cardstock. In addition, the plate letter and denomination have been cut out. This $2 was part of Lot 366 in the 1990 ABNCo Archives sale and is very likely the only example surviving in Proof, or perhaps in any, form. Ex: Eric P. Newman Collection.
Springfield, IL- Board of Public Works at Internal Improvement Office $1-$2-$3-$5 Aug. 15, 1840 Uncut Sheet Extremely Fine-About Uncirculated.
This venture funded by the state of Illinois was tasked with infrastructure improvement. Unfortunately, the Panic of 1837 changed plans drastically, and the project was abandoned. However, this abandonment was not before a nearly insurmountable debt had been incurred, a debt that took over 40 years to pay off. The notes in this sheet were given to creditors and contractors and were redeemable in sums "not less than one hundred dollars."
This venture funded by the state of Illinois was tasked with infrastructure improvement. Unfortunately, the Panic of 1837 changed plans drastically, and the project was abandoned. However, this abandonment was not before a nearly insurmountable debt had been incurred, a debt that took over 40 years to pay off. The notes in this sheet were given to creditors and contractors and were redeemable in sums "not less than one hundred dollars."
Springfield, IL- Fund Commissioner of the State of Illinois/Office of the Board of Public Works $100-$100 Mar. 18, 1840 Uncut Pair Extremely Fine.
We have offered just one uncut pair of $100s from this issuer prior to now. That previous example was the same as the pair in this lot. At left is a man emptying a jug into a river, at center is a locomotive vignette, and at right is Ceres with various agricultural tools, including a plow and hoe. Vigilant stags at bottom center in between the signature spaces complete the design. There are stains present on the back.
We have offered just one uncut pair of $100s from this issuer prior to now. That previous example was the same as the pair in this lot. At left is a man emptying a jug into a river, at center is a locomotive vignette, and at right is Ceres with various agricultural tools, including a plow and hoe. Vigilant stags at bottom center in between the signature spaces complete the design. There are stains present on the back.
Springfield, IL- State Bank of Illinois, Payable at Danville $50 Nov. 1, 1838 UNL PMG Fine 12.
The State Bank of Illinois was opened in 1835 and survived until 1843. Its branches were located in Alton, Belleville, Chicago, Danville, Galena, Jacksonville, Mt. Carmel, Quincy, and Vandalia, with a parent branch in Springfield. Our current offering hails from the Danville branch, which opened sometime in the 1830s and closed in 1842. This example is larger than a typical Obsolete and features an assortment of intricate vignettes. At upper left is a steam train traveling down tracks located near a river, at lower left is a farmer shearing sheep with his wife, at upper right is another farmer plowing the fields with his horses, at lower right is an individual in the wheat fields, and finally, at center is a steamboat. A black and white lace underprint completes the design. This is the first opportunity we have had to auction a note of this design. Notes from this branch are recorded on page 376 of United States Obsolete Bank Notes 1782-1866: Volume 2 by James Haxby. However, this denomination is unlisted. It is quite possible that this representative is unique or nearly so.
The State Bank of Illinois was opened in 1835 and survived until 1843. Its branches were located in Alton, Belleville, Chicago, Danville, Galena, Jacksonville, Mt. Carmel, Quincy, and Vandalia, with a parent branch in Springfield. Our current offering hails from the Danville branch, which opened sometime in the 1830s and closed in 1842. This example is larger than a typical Obsolete and features an assortment of intricate vignettes. At upper left is a steam train traveling down tracks located near a river, at lower left is a farmer shearing sheep with his wife, at upper right is another farmer plowing the fields with his horses, at lower right is an individual in the wheat fields, and finally, at center is a steamboat. A black and white lace underprint completes the design. This is the first opportunity we have had to auction a note of this design. Notes from this branch are recorded on page 376 of United States Obsolete Bank Notes 1782-1866: Volume 2 by James Haxby. However, this denomination is unlisted. It is quite possible that this representative is unique or nearly so.
Sullivan, IL- Alisana Bank $2 Oct. 15, 1860 G2a PMG Choice Fine 15.
The Alisana Bank was organized in 1860. Its portfolio of bonds deposited with the state to secure its circulation was made up of bonds from Tennessee and Virginia exclusively. With the onset of hostilities, southern states bond prices dropped precipitously and the state authorities called on the bank to provide over $40,000 in additional securities or reduce circulation by an equivalent amount. When the bank opted not to comply, it was placed in receivership on August 30, 1861 and its securities were sold in New York by the state. The State Auditor was redeeming notes at the rate of 55.25¢ on the dollar in January 1862.
Printed by National Bank Note Company, the $2 features a vignette of a farm wife and her son herding a calf and herd of cattle through an open gate. This is flanked by the state banking die at left and a portrait of a young girl at right. National Bank Note Co. added borders, dual 2 protectors, and a protector panel, all printed in red, as added security. This is the first $2 we have offered on this bank in issued form and is one of only three such examples that we are aware of at present.
The Alisana Bank was organized in 1860. Its portfolio of bonds deposited with the state to secure its circulation was made up of bonds from Tennessee and Virginia exclusively. With the onset of hostilities, southern states bond prices dropped precipitously and the state authorities called on the bank to provide over $40,000 in additional securities or reduce circulation by an equivalent amount. When the bank opted not to comply, it was placed in receivership on August 30, 1861 and its securities were sold in New York by the state. The State Auditor was redeeming notes at the rate of 55.25¢ on the dollar in January 1862.
Printed by National Bank Note Company, the $2 features a vignette of a farm wife and her son herding a calf and herd of cattle through an open gate. This is flanked by the state banking die at left and a portrait of a young girl at right. National Bank Note Co. added borders, dual 2 protectors, and a protector panel, all printed in red, as added security. This is the first $2 we have offered on this bank in issued form and is one of only three such examples that we are aware of at present.
Sullivan, IL- Kaskaskia Bank $1 Oct. 15, 1860 as G2a PMG Fine 12.
The bank was organized as a free bank in 1860 and almost immediately suspended. It was placed in liquidation on October 22, 1861, thanks primarily to the fact that a large majority of the bonds it deposited with the state were from Tennessee and North Carolina. Noteholders had until October 22, 1864 to seek redemption after which any remaining funds would be used to settle creditor claims and, if any funds were left after that, pay stockholders. In these cases, the shareholders were left with little or nothing. The $1 design features an allegorical woman seated by symbols of commerce, manufacturing, and agriculture with a train and sailing vessel in the distance. The state banking die is at right and a vignette of a basket of corn is in the lower right corner. National Bank Note Company finished the design by adding a large 1 protector, note border, and security panel all printed in red to defeat early photographic counterfeiting attempts. The note is fully issued, completely intact, and free of repairs or meaningful distractions aside from some very minor fraying in the upper right margin. This is only the second time we have offered this denomination from this issuer, with this being the nicer condition example of the two.
The bank was organized as a free bank in 1860 and almost immediately suspended. It was placed in liquidation on October 22, 1861, thanks primarily to the fact that a large majority of the bonds it deposited with the state were from Tennessee and North Carolina. Noteholders had until October 22, 1864 to seek redemption after which any remaining funds would be used to settle creditor claims and, if any funds were left after that, pay stockholders. In these cases, the shareholders were left with little or nothing. The $1 design features an allegorical woman seated by symbols of commerce, manufacturing, and agriculture with a train and sailing vessel in the distance. The state banking die is at right and a vignette of a basket of corn is in the lower right corner. National Bank Note Company finished the design by adding a large 1 protector, note border, and security panel all printed in red to defeat early photographic counterfeiting attempts. The note is fully issued, completely intact, and free of repairs or meaningful distractions aside from some very minor fraying in the upper right margin. This is only the second time we have offered this denomination from this issuer, with this being the nicer condition example of the two.
Sullivan, IL- Kaskaskia Bank $5 Oct. 15, 1860 as G8a PMG Choice Fine 15.
The Kaskaskia Bank was organized in 1860 and only remained in business until October 22, 1861 when the state placed it in receivership due to the decline in the prices of the southern states bonds which it had placed with the state to secure its circulation. The state called for additional securities or a reduction in circulation and when the bank opted not to comply, its state bonds held by the state were sold. In January 1862, the bank's notes were being redeemed at 62¢ on the dollar by the State Auditor. The $5 note features a vignette of a farmer harnessing two horses. The state banking die is at left. National Bank Note Co. printed a number of design elements including the end panels, denominational counters, and a security panel in red to defeat photographic counterfeiting attempts. The note is in repair-free evenly circulated condition with no meaningful impairments. We are only aware of two issued examples of this denomination at present.
The Kaskaskia Bank was organized in 1860 and only remained in business until October 22, 1861 when the state placed it in receivership due to the decline in the prices of the southern states bonds which it had placed with the state to secure its circulation. The state called for additional securities or a reduction in circulation and when the bank opted not to comply, its state bonds held by the state were sold. In January 1862, the bank's notes were being redeemed at 62¢ on the dollar by the State Auditor. The $5 note features a vignette of a farmer harnessing two horses. The state banking die is at left. National Bank Note Co. printed a number of design elements including the end panels, denominational counters, and a security panel in red to defeat photographic counterfeiting attempts. The note is in repair-free evenly circulated condition with no meaningful impairments. We are only aware of two issued examples of this denomination at present.
Columbus, IN- Kentucky Stock Bank $20 18__ Remainder G12a Wolka 0380-17 About Uncirculated.
The Indiana free bank got its curious name because a large part of its circulation was secured by Kentucky bonds deposited with the state auditor. The bank opened in 1854, succeeding B.F. Jones & Co. It remained in business until voluntarily closing its doors in 1863. It then became McEwen & Sons Bank. This final incarnation failed disastrously in 1871, with depositors receiving 6¢ on the dollar. The $20 design is quite striking with only a small female portrait at top center, but with a border of twenty geometric counters, equal to the denomination. The note is covered with a brown-orange tint and a large orange and white TWENTY protector. There is a small split and light stamp hinge residue. Rare and always popular.
The Indiana free bank got its curious name because a large part of its circulation was secured by Kentucky bonds deposited with the state auditor. The bank opened in 1854, succeeding B.F. Jones & Co. It remained in business until voluntarily closing its doors in 1863. It then became McEwen & Sons Bank. This final incarnation failed disastrously in 1871, with depositors receiving 6¢ on the dollar. The $20 design is quite striking with only a small female portrait at top center, but with a border of twenty geometric counters, equal to the denomination. The note is covered with a brown-orange tint and a large orange and white TWENTY protector. There is a small split and light stamp hinge residue. Rare and always popular.
La Porte, IN- La Porte & Plymouth Plank Road Company $1-$1-$2-$5 June 3, 1857 Wolka 1210-03- 1210-03- 1210-07- 1210-11 (1210-14 as an Uncut Sheet) PMG Choice About Unc 58 EPQ.
While this company was apparently originally chartered in 1850 to construct a plank road from La Porte to Plymouth, IN, a distance of some 36 miles, it had significantly changed its focus to being a bank of issue by the summer of 1855 according to newspaper reports. It started to receive unwanted attention as a more speculative note issuer by 1856 and, not surprisingly, suspended on December 5, 1857, with some $20-$40,000 in its notes outstanding. All of the notes on this sheet have vignettes related to livestock and are covered with a dark brown-orange overprint and have orange and white denominational protectors. Each note also has a blue trustee countersignature stamp. A pretty sheet with no repairs or meaningful impairments noted.
While this company was apparently originally chartered in 1850 to construct a plank road from La Porte to Plymouth, IN, a distance of some 36 miles, it had significantly changed its focus to being a bank of issue by the summer of 1855 according to newspaper reports. It started to receive unwanted attention as a more speculative note issuer by 1856 and, not surprisingly, suspended on December 5, 1857, with some $20-$40,000 in its notes outstanding. All of the notes on this sheet have vignettes related to livestock and are covered with a dark brown-orange overprint and have orange and white denominational protectors. Each note also has a blue trustee countersignature stamp. A pretty sheet with no repairs or meaningful impairments noted.
Lexington, IN- Indiana Manufacturing Company $1 May 10, 1815 Wolka 1315-01 PMG Choice Uncirculated 63 EPQ.
The Indiana Manufacturing Company's only product was an avalanche of worthless bank notes which it was prepared to loose on the public. The notes from this firm are part of one of the very few territorial issues from the state of Indiana which became a state on December 11, 1816 and clearly state Indiana Territory in each note's end panel. This paper mill's life was cut short before much of its circulation could be put to work, with several principals being indicted for fraudulent activity and imprisoned. The notes have a standard early 1800s layout with no vignettes and simple end panels.
The Indiana Manufacturing Company's only product was an avalanche of worthless bank notes which it was prepared to loose on the public. The notes from this firm are part of one of the very few territorial issues from the state of Indiana which became a state on December 11, 1816 and clearly state Indiana Territory in each note's end panel. This paper mill's life was cut short before much of its circulation could be put to work, with several principals being indicted for fraudulent activity and imprisoned. The notes have a standard early 1800s layout with no vignettes and simple end panels.
Lexington, IN- Indiana Manufacturing Company $3 May 15, 1815 Wolka 1315-02 PMG Choice Uncirculated 63.
The company was a pure and simple "paper mill" in business for a short time prior to Indiana's statehood in 1816. The design is pretty much a standard Murray Draper Fairman & Co. design for the 1810s - 1820s era with no vignettes and end panels containing the denomination and state (in this case, Indiana Territory).
The company was a pure and simple "paper mill" in business for a short time prior to Indiana's statehood in 1816. The design is pretty much a standard Murray Draper Fairman & Co. design for the 1810s - 1820s era with no vignettes and end panels containing the denomination and state (in this case, Indiana Territory).
Lexington, IN- Indiana Manufacturing Company $5 May 15, 1815 Wolka 1315-03 PMG Choice Uncirculated 63.
The $5 denomination has a vignette of an allegorical woman holding a sword, seated with a large eagle and end panels containing FIVE and Indiana Territory. This fraudulent concern was quickly discovered, with most notes never being placed in circulation. From a collector's standpoint, this is one of the few "pure play" territorial issues with that status clearly stated on each note.
The $5 denomination has a vignette of an allegorical woman holding a sword, seated with a large eagle and end panels containing FIVE and Indiana Territory. This fraudulent concern was quickly discovered, with most notes never being placed in circulation. From a collector's standpoint, this is one of the few "pure play" territorial issues with that status clearly stated on each note.
Lexington, IN- Indiana Manufacturing Company $10 May 12, 1815 Wolka 1315-04 PMG About Uncirculated 50.
The $10 was the largest denomination issued by this territorial paper mill set up in the wilds of southern Indiana over a year before statehood. It features a vignette of two allegorical women, one representing Navigation at center with two end panels containing the denomination and Indiana Territory. PMG notes evidence of previous mounting on the back.
The $10 was the largest denomination issued by this territorial paper mill set up in the wilds of southern Indiana over a year before statehood. It features a vignette of two allegorical women, one representing Navigation at center with two end panels containing the denomination and Indiana Territory. PMG notes evidence of previous mounting on the back.
Muncie, IN- Fort Wayne & Southern Rail Road Co. $3 Oct. 2, 1854 Wolka 1715-04 PMG Choice Uncirculated 63.
The railroad was incorporated in 1849, but construction never advanced beyond about 63 miles of grading and other preliminary work. Through a complicated series of mergers, foreclosures, and acquisitions, the line actually is part of today's Norfolk Southern Corporation. The $3 design features a large vignette of a passenger train crossing a bridge over a canal next to a field being harvested. Ceres holds an oval 3 counter at upper left and a portrait of Daniel Webster is at lower right. This example is well printed on bright paper and is fully framed.
The railroad was incorporated in 1849, but construction never advanced beyond about 63 miles of grading and other preliminary work. Through a complicated series of mergers, foreclosures, and acquisitions, the line actually is part of today's Norfolk Southern Corporation. The $3 design features a large vignette of a passenger train crossing a bridge over a canal next to a field being harvested. Ceres holds an oval 3 counter at upper left and a portrait of Daniel Webster is at lower right. This example is well printed on bright paper and is fully framed.
South Bend, IN- University Bank $10 186_ Schingoethe IN-550-10 Proof PCGS Choice New 63.
Notes from the University Bank at the University of Notre Dame have always been recognized as the kings of College Notes, but this piece is truly exceptional, as it is a true rarity in Proof form. It features vignettes of a passenger train, Minerva holding an American flag, and farmers harvesting corn. The note has an overall red tint and a red and white TEN protector. Printed on card stock. A crucially important example that should sail well past our estimate.
Notes from the University Bank at the University of Notre Dame have always been recognized as the kings of College Notes, but this piece is truly exceptional, as it is a true rarity in Proof form. It features vignettes of a passenger train, Minerva holding an American flag, and farmers harvesting corn. The note has an overall red tint and a red and white TEN protector. Printed on card stock. A crucially important example that should sail well past our estimate.
Newton, IA- Chicago, Burlington & Pacific Railroad Co. $1 Apr. 1, 1882 PMG Choice About Unc 58 EPQ.
This piece was to be used by the bearer to pay for transportation services. At left is a lovely vignette of a passenger train, and at right is a farmer plowing the fields with his horses.
This piece was to be used by the bearer to pay for transportation services. At left is a lovely vignette of a passenger train, and at right is a farmer plowing the fields with his horses.
Newton, IA- Chicago, Burlington & Pacific Railroad Co. $1 Apr. 1, 1882 PMG Choice About Unc 58 EPQ.
Another lovely railroad note, this piece is printed on bright, fully original paper with wide margins and deep embossing of the red serial numbers. The note was lithographed by Henry Seibert & Bro., located in New York.
Another lovely railroad note, this piece is printed on bright, fully original paper with wide margins and deep embossing of the red serial numbers. The note was lithographed by Henry Seibert & Bro., located in New York.
Wapello, IA- City of Wapello $1 July 20, 1857 Oakes (2015) 110-1 PMG Very Fine 20.
Wapello is located on the Iowa River and is the county seat of Louisa County. A magnificent riverboat, identified on the paddlewheel housing as the Wapello, steams across this handsome note with a large red 1 protector and a Native American at right seemingly staring at the approaching vessel. It is unlikely that there was actually a steamboat by this name; bank note companies often added a hometown name to a stock steamboat image as a nice customization touch that cost very little to do.
Wapello is located on the Iowa River and is the county seat of Louisa County. A magnificent riverboat, identified on the paddlewheel housing as the Wapello, steams across this handsome note with a large red 1 protector and a Native American at right seemingly staring at the approaching vessel. It is unlikely that there was actually a steamboat by this name; bank note companies often added a hometown name to a stock steamboat image as a nice customization touch that cost very little to do.
Ft. Leavenworth, Kansas Territory- Merchants Bank $3 Aug. 21, 1854 G4 Whitfield Q131 PMG About Uncirculated 55.
This bank is the definitive example of a Wildcat fraudulent bank. Lucien Ayer came to Ft. Leavenworth in the fall of 1854 and announced his intention to open a local bank. This never happened, but huge quantities of notes were put into circulation in the northeast before the fraud was discovered. Ayer eventually went to prison on an unrelated arson charge. The note was printed by Ormsby, who never seemed to be too far from bankers with fraudulent intentions. The design features a vignette of Vulcan seated flanked by an oval cameo-like medallion head which was particularly resistant to attempts to copy it at left and a portrait of Harrison at right. Well printed on bright paper, with PMG noting a small tear / nick in the upper right margin by the 3 denominational counter.
This bank is the definitive example of a Wildcat fraudulent bank. Lucien Ayer came to Ft. Leavenworth in the fall of 1854 and announced his intention to open a local bank. This never happened, but huge quantities of notes were put into circulation in the northeast before the fraud was discovered. Ayer eventually went to prison on an unrelated arson charge. The note was printed by Ormsby, who never seemed to be too far from bankers with fraudulent intentions. The design features a vignette of Vulcan seated flanked by an oval cameo-like medallion head which was particularly resistant to attempts to copy it at left and a portrait of Harrison at right. Well printed on bright paper, with PMG noting a small tear / nick in the upper right margin by the 3 denominational counter.
Leavenworth, KS- City of Leavenworth $1 May 16, 1871 Remainder Whitfield 274 PMG Choice About Unc 58.
The City of Leavenworth issued these notes as part of an authorized amount of $50,000 across all denominations. The Continental Bank Note Co. printed $1, $2, and $5 notes. This $1 features a depiction of Liberty with her pole and cap, as well as a sword, at left. The Kansas coat of arms appears at upper right. Similar to virtually all other examples from this issue, our current offering is a remainder.
The City of Leavenworth issued these notes as part of an authorized amount of $50,000 across all denominations. The Continental Bank Note Co. printed $1, $2, and $5 notes. This $1 features a depiction of Liberty with her pole and cap, as well as a sword, at left. The Kansas coat of arms appears at upper right. Similar to virtually all other examples from this issue, our current offering is a remainder.
Leavenworth City, KS (Territory)- Drovers Bank $10 Nov. 1, 1856 G22a Whitfield 122 Remainder PMG About Uncirculated 55.
W.L. Ormsby, the famous and talented (but less than reputable) printer, designed this pretty note from Leavenworth City. The Drovers Bank was authorized but never opened. At center is a Native American hunter spearing a buffalo. The back features ornate orange "X" die counters. PMG mentions the large corner missing at lower right.
W.L. Ormsby, the famous and talented (but less than reputable) printer, designed this pretty note from Leavenworth City. The Drovers Bank was authorized but never opened. At center is a Native American hunter spearing a buffalo. The back features ornate orange "X" die counters. PMG mentions the large corner missing at lower right.
Litchfield, KS- Rogers Coal Co. $5 Trade Note 18__ Remainder PMG Choice Very Fine 35.
Redeemable for $5 in merchandise when presented at the store either in Pittsburgh or Litchfield, Kansas, "It must be distinctly understood that this note is only redeemable in such articles as are for sale when presented." The central vignette on the face of this note is of a train at the station, with the back of the note fully covered in elaborate, brown inked guilloche featuring the denomination and issuer's information. PMG mentions the note is punch cancelled once in the signature line. A small stain at bottom left is well obscured by the miners vignette on the front, but more noticeable on the back. The farming vignette at bottom left features the Kansas motto, "AD ASTRA PER ASPERA," which is also a fun detail for Star Trek fans. We last offered an example of this design in 2019 when a double-punched Specimen example graded PCGS Very Choice New 64 realized $2,640. The only other example we have auctioned was a Very Good-Fine example that realized $1,265 in 2009. We expect this attractive example to land somewhere between the two when the gavel falls.
Redeemable for $5 in merchandise when presented at the store either in Pittsburgh or Litchfield, Kansas, "It must be distinctly understood that this note is only redeemable in such articles as are for sale when presented." The central vignette on the face of this note is of a train at the station, with the back of the note fully covered in elaborate, brown inked guilloche featuring the denomination and issuer's information. PMG mentions the note is punch cancelled once in the signature line. A small stain at bottom left is well obscured by the miners vignette on the front, but more noticeable on the back. The farming vignette at bottom left features the Kansas motto, "AD ASTRA PER ASPERA," which is also a fun detail for Star Trek fans. We last offered an example of this design in 2019 when a double-punched Specimen example graded PCGS Very Choice New 64 realized $2,640. The only other example we have auctioned was a Very Good-Fine example that realized $1,265 in 2009. We expect this attractive example to land somewhere between the two when the gavel falls.
Wyandott, KS- Kansas State Savings Bank $1 Certificate of Deposit 18__ Whitfield 448p Proof PMG Extremely Fine 40.
The Kansas State Savings Bank was chartered by the state legislature on February 8, 1868 and led a short existence, being placed in liquidation in September 1872. This $1, which appears as the plate note in Steven Whitfield's 2009 Kansas state catalog, was part of what Whitfield believed to be a unique uncut $1-$2-$3 Proof sheet and has two slit cancels in the signature lines whose location affirms the provenance. PMG also mentions a couple of short edge tears that do not overly distract.
The Kansas State Savings Bank was chartered by the state legislature on February 8, 1868 and led a short existence, being placed in liquidation in September 1872. This $1, which appears as the plate note in Steven Whitfield's 2009 Kansas state catalog, was part of what Whitfield believed to be a unique uncut $1-$2-$3 Proof sheet and has two slit cancels in the signature lines whose location affirms the provenance. PMG also mentions a couple of short edge tears that do not overly distract.
Boone Furnace, KY- Ohio & Kentucky Coal, Iron & Railroad Company 25¢ Jan. 1, 1874 PMG Very Fine 30.
Signed by Finlayson, Childs & Co., this scarce Kentucky scrip features a vignette of a train traveling around a bend in the tracks at left. A decorative green back is also present. The last example we auctioned of this denomination and design appeared in November 2021, and it was a raw Fine that brought $241. Our current offering, which is in a higher grade than that piece, should outperform that figure.
Signed by Finlayson, Childs & Co., this scarce Kentucky scrip features a vignette of a train traveling around a bend in the tracks at left. A decorative green back is also present. The last example we auctioned of this denomination and design appeared in November 2021, and it was a raw Fine that brought $241. Our current offering, which is in a higher grade than that piece, should outperform that figure.
Boone Furnace, KY- Ohio & Kentucky Coal, Iron & Railroad Company 50¢ Jan. 1, 1874 PMG Very Fine 20.
At left on the face of this rare Kentucky store scrip is a vignette of mine workers, and on the back are two fascinating illustrations, one of two diplomats shaking hands to the left and one of a balmy river scene at right. The left vignette contains the words "United We Stand, Divided We Fall" on the top. There are no meaningful condition impairments.
At left on the face of this rare Kentucky store scrip is a vignette of mine workers, and on the back are two fascinating illustrations, one of two diplomats shaking hands to the left and one of a balmy river scene at right. The left vignette contains the words "United We Stand, Divided We Fall" on the top. There are no meaningful condition impairments.
Frankfort, KY- Farmers Bank of Kentucky $20-$20-$20-$20 Oct. 3, 1860 G228a-G228a-G228a-G228a Hughes 261-261-261-261 Uncut Sheet Choice Crisp Uncirculated.
The bank opened for business in 1850 and eventually operated seven or possibly eight branches across the state. The eighth branch, located in Bardstown, was requested by the local citizens, but may not have been organized. The $20 design incorporated for the notes on this sheet features the portraits of John J. Crittenden and his wife as well as a large vignette depicting two farmers harvesting and harnessing two horses. A large red TWENTY protector and a bicolor 20 counter complete the ABNCo design. This sheet is as nice as the day it came off the press and is completely filled in although no branch location has been added. It is possible, however that notes issued for Frankfort were issued in this manner. When this sheet was printed, the paper was not squared in the press, resulting in an impression that is slightly out of square with the edges of the sheet.
The bank opened for business in 1850 and eventually operated seven or possibly eight branches across the state. The eighth branch, located in Bardstown, was requested by the local citizens, but may not have been organized. The $20 design incorporated for the notes on this sheet features the portraits of John J. Crittenden and his wife as well as a large vignette depicting two farmers harvesting and harnessing two horses. A large red TWENTY protector and a bicolor 20 counter complete the ABNCo design. This sheet is as nice as the day it came off the press and is completely filled in although no branch location has been added. It is possible, however that notes issued for Frankfort were issued in this manner. When this sheet was printed, the paper was not squared in the press, resulting in an impression that is slightly out of square with the edges of the sheet.
Alexandria, LA- Parish of Rapides $5 Feb. 8, 1862 PMG Very Fine 30.
Alexandria was burned to the ground by retreating Union troops on May 13, 1864, resulting in 90% of the city being destroyed. While the courthouse survived the fire, it was subsequently set on fire internally resulting in a total loss of parish records. One has to wonder how many of these notes were turned to ash on that morning. This example, which depicts agricultural products and implements with a steamboat in the distance, was secured by taxes collected in 1861 and was receivable for all parish dues. It was alternatively redeemable in current funds when presented in sums of $5.
Alexandria was burned to the ground by retreating Union troops on May 13, 1864, resulting in 90% of the city being destroyed. While the courthouse survived the fire, it was subsequently set on fire internally resulting in a total loss of parish records. One has to wonder how many of these notes were turned to ash on that morning. This example, which depicts agricultural products and implements with a steamboat in the distance, was secured by taxes collected in 1861 and was receivable for all parish dues. It was alternatively redeemable in current funds when presented in sums of $5.
(Bennett's Bluff, LA)- (Cane & Bennett's Trading Post) $10 18__ UNL Remainder PMG Very Fine 25 Net.
The issuer is almost certainly the early merchant partnership of James H. Cane and William S. Bennett, variously referred to as Cane & Bennett's Trading Post, or Bennett & Cane's. It was located on Bennett's Bluff (now Shreveport), LA on the west bank of the Red River and was an important commercial center for a number of years in the 1830s and 1840s. In addition, Bennett was also instrumental in helping lay out the city of Shreveport and undoubtedly all of this notoriety led to these notes being widely accepted and used in the region. The note features a large vignette of a Native American warrior drawing a bow titled CADDOE at left and a George W. Hatch signed vignette of Hebe offering a drink to an eagle. Smaller vignettes of a running deer and a doghead representing FIDELITY appear in the top and bottom margins. CADDOE refers to the local Native American tribe who originally inhabited the area around Shreveport and the surrounding states. PMG mentions a repair which is an approximate 1.25" by .25" rectangular section of the top margin that extends from the center of the note to the middle of the right X counter that does not overly distract. This is the first note of any kind we have offered from this historic early Louisiana issuer.
The issuer is almost certainly the early merchant partnership of James H. Cane and William S. Bennett, variously referred to as Cane & Bennett's Trading Post, or Bennett & Cane's. It was located on Bennett's Bluff (now Shreveport), LA on the west bank of the Red River and was an important commercial center for a number of years in the 1830s and 1840s. In addition, Bennett was also instrumental in helping lay out the city of Shreveport and undoubtedly all of this notoriety led to these notes being widely accepted and used in the region. The note features a large vignette of a Native American warrior drawing a bow titled CADDOE at left and a George W. Hatch signed vignette of Hebe offering a drink to an eagle. Smaller vignettes of a running deer and a doghead representing FIDELITY appear in the top and bottom margins. CADDOE refers to the local Native American tribe who originally inhabited the area around Shreveport and the surrounding states. PMG mentions a repair which is an approximate 1.25" by .25" rectangular section of the top margin that extends from the center of the note to the middle of the right X counter that does not overly distract. This is the first note of any kind we have offered from this historic early Louisiana issuer.
Covington, LA- Sulphur Springs Hotel $2 May 9, 1868 PMG Choice Very Fine 35.
Located in St. Tammany Parish, Sulphur Springs was a popular tourist destination during the summer. After the Civil War, the city of Covington was left all but destitute, but with the discovery of the Sulphur Springs, the economy was stimulated once again. The enigmatic issuer which the note in this lot represents was presumably an establishment frequented by tourists. At center is a depiction of the Sulphur Springs Hotel. This piece was "receivable for all dues to [the] Hotel at any time before maturity," which was three years after the date of May 9, 1868. This example also bore interest at a rate of six percent per year. Undoubtedly, our current offering is a fascinating and likely unique part of Covington history.
Located in St. Tammany Parish, Sulphur Springs was a popular tourist destination during the summer. After the Civil War, the city of Covington was left all but destitute, but with the discovery of the Sulphur Springs, the economy was stimulated once again. The enigmatic issuer which the note in this lot represents was presumably an establishment frequented by tourists. At center is a depiction of the Sulphur Springs Hotel. This piece was "receivable for all dues to [the] Hotel at any time before maturity," which was three years after the date of May 9, 1868. This example also bore interest at a rate of six percent per year. Undoubtedly, our current offering is a fascinating and likely unique part of Covington history.
Harrisonburg, LA- Parish of Catahoula $1 May 25, 1862 PMG Choice Fine 15.
This note was receivable for all parish dues or redeemable in current funds when presented in sums of $20 at the option of the bearer. This note is printed on fragile tissue-like paper which has somehow managed to survive 162 years in completely intact condition with no repairs or meaningful impairments. The design features two male heads resembling devil heads.
This note was receivable for all parish dues or redeemable in current funds when presented in sums of $20 at the option of the bearer. This note is printed on fragile tissue-like paper which has somehow managed to survive 162 years in completely intact condition with no repairs or meaningful impairments. The design features two male heads resembling devil heads.
Homer, LA- J.A. Avera, Payable in Camden, AR 10¢ Dec. 11, 1861 Rothert 90-6 PCGS Apparent Fine 15.
Avera was a druggist in Camden, AR according to the 1860 Federal census. He was also involved in cotton as well as general merchandise sales. He was also doing business in Homer, LA some 70 miles to the south by 1861. By the end of 1865, Avera was involved in a partnership based in New Orleans, performing as a commission and forwarding merchant. This note is Rothert 90-6, with Rothert indicating both a completely printed date as well as partially handwritten dates for each catalog number. The significance of the term ACCOMODATION PAPER, which is emblazoned across the left end and center of the note, meant that Avera issued the note for use by someone else in Louisiana, perhaps a business partner. PCGS mentions that this note, which is attractively printed in red and green ink, has a replaced upper right corner with the red frameline redrawn. The month of issue is incorrect on the third party front label.
Avera was a druggist in Camden, AR according to the 1860 Federal census. He was also involved in cotton as well as general merchandise sales. He was also doing business in Homer, LA some 70 miles to the south by 1861. By the end of 1865, Avera was involved in a partnership based in New Orleans, performing as a commission and forwarding merchant. This note is Rothert 90-6, with Rothert indicating both a completely printed date as well as partially handwritten dates for each catalog number. The significance of the term ACCOMODATION PAPER, which is emblazoned across the left end and center of the note, meant that Avera issued the note for use by someone else in Louisiana, perhaps a business partner. PCGS mentions that this note, which is attractively printed in red and green ink, has a replaced upper right corner with the red frameline redrawn. The month of issue is incorrect on the third party front label.
New Orleans, LA- Citizens' Bank of Louisiana $1-$1-$2-$3 18__ Uncut Sheet Extremely Fine.
The $1 and $2 notes in this lot feature a portrait of Andrew Johnson at right and left, respectively. Nice natural paper wave is observed. Toning is present across the whole sheet, and mounting remnants are noticed at top left and right.
The $1 and $2 notes in this lot feature a portrait of Andrew Johnson at right and left, respectively. Nice natural paper wave is observed. Toning is present across the whole sheet, and mounting remnants are noticed at top left and right.
New Orleans, LA- New Orleans Canal & Banking Company $10-$10-$10-$10 18__ G26a-G26a-G26a-G26a (X4 as a sheet) Uncut Sheet PCGS Very Choice New 64.
Printed by National Bank Note Co., this striking red and black issue, although not particularly even very scarce, is nonetheless quite popular due to the dynamic bald eagle vignette and lavish color palette used.
Printed by National Bank Note Co., this striking red and black issue, although not particularly even very scarce, is nonetheless quite popular due to the dynamic bald eagle vignette and lavish color palette used.
New Orleans, LA- New Orleans Canal & Banking Company $500-$1,000 18__ Uncut Sheet Remainder PMG Choice Uncirculated 64.
This is actually a full uncut two note sheet according to page 546 of the Haxby reference and not an "uncut pair" as seen on the PMG holder. Beautiful wide margins with deckled edges prove this point. We last offered an example of this scarcer denomination pair in 2022. That piece realized $552.
This is actually a full uncut two note sheet according to page 546 of the Haxby reference and not an "uncut pair" as seen on the PMG holder. Beautiful wide margins with deckled edges prove this point. We last offered an example of this scarcer denomination pair in 2022. That piece realized $552.
New Orleans, LA- New Orleans Canal & Banking Company $500-$1,000 18__ G70a-G80a Uncut Sheet PMG About Uncirculated 55.
The bank is home to hundreds of uncut sheets and thousands of remainders whose sales have reduced the number of uncut sheets significantly in the last half century. One of the scarcest uncut sheets is this two-subject high-denomination sheet which has always been popular with collectors. PMG notes some toning which is a common issue with notes from the New Orleans banks.
The bank is home to hundreds of uncut sheets and thousands of remainders whose sales have reduced the number of uncut sheets significantly in the last half century. One of the scarcest uncut sheets is this two-subject high-denomination sheet which has always been popular with collectors. PMG notes some toning which is a common issue with notes from the New Orleans banks.
(Augusta), ME- Secretary of State Bank Statistics Broadside 1847 Fine-Very Fine.
This broadside was published by the Maine Secretary of State, Ezra B. French in 1847. It lists key statistics for the state's 34 active banks as of May 1847 and also includes a large number of supplemental footnotes and additional data. A detailed overview of the state's banking system on one piece of paper. This large format document has been folded and has a few fold splits and fold intersection splits, with the longest being approximately 1.5 inches, as well as some period mathematical calculations on the back. An interesting item that has survived the last 178 years and is likely one of only a few survivors.
This broadside was published by the Maine Secretary of State, Ezra B. French in 1847. It lists key statistics for the state's 34 active banks as of May 1847 and also includes a large number of supplemental footnotes and additional data. A detailed overview of the state's banking system on one piece of paper. This large format document has been folded and has a few fold splits and fold intersection splits, with the longest being approximately 1.5 inches, as well as some period mathematical calculations on the back. An interesting item that has survived the last 178 years and is likely one of only a few survivors.
Bangor, ME- Globe Bank $100 Oct. 1, 1839 G26 PMG Choice About Unc 58.
This note represents the highest denomination issued by the Globe Bank of Bangor, ME. At upper left is a portrait of St. George slaying a dragon, at center is Archimedes, and at right is a portrait of George Washington. We auctioned a raw example in December 2020 that was just eight serial numbers away from this piece. That note, which we graded XF, realized $264. PMG mentions pinholes on our current offering.
This note represents the highest denomination issued by the Globe Bank of Bangor, ME. At upper left is a portrait of St. George slaying a dragon, at center is Archimedes, and at right is a portrait of George Washington. We auctioned a raw example in December 2020 that was just eight serial numbers away from this piece. That note, which we graded XF, realized $264. PMG mentions pinholes on our current offering.
Baltimore, MD- (J.I. Cohen & Brothers) $50 18__ Shank 5.35.11 Proof PMG Choice Uncirculated 63.
Originally formed in 1814 as a lottery and exchange office, the firm gradually transformed itself into a dedicated exchange office operation by the early 1830s. It continued as an exchange and banking house until about 1870. The firm was very careful about redeeming any notes presented and, as a result, issued notes are excessively rare. The $50 design features vignettes of Liberty and Justice on the ends and a center vignette of allegorical maidens surrounding a shield. The note is printed on India paper with no forms of cancellation present in the signature lines. This note reportedly served as the plate note in the Maryland catalog and is very rare. This design was not represented in the 1990 ABNCo Archives sale.
Originally formed in 1814 as a lottery and exchange office, the firm gradually transformed itself into a dedicated exchange office operation by the early 1830s. It continued as an exchange and banking house until about 1870. The firm was very careful about redeeming any notes presented and, as a result, issued notes are excessively rare. The $50 design features vignettes of Liberty and Justice on the ends and a center vignette of allegorical maidens surrounding a shield. The note is printed on India paper with no forms of cancellation present in the signature lines. This note reportedly served as the plate note in the Maryland catalog and is very rare. This design was not represented in the 1990 ABNCo Archives sale.
Ellicotts Mills, MD- Patapsco Bank of Maryland $5 18__ as G16 Shank 43.2.11 Proof PMG Choice Uncirculated 64 EPQ.
The bank's charter was approved in 1834 and the institution remained in business until entering voluntary liquidation in 1853. It transferred all banking activities to the Mechanics Bank in Baltimore on September 5, 1853 and placed its banking house on the auction block a month later. The $5 design features an early passenger train headed down what appears to be a three rail line with another oncoming train headed towards it in the distance. This is flanked by vignettes of Vulcan at left and Pat Lyon at his forge at right. The note is printed on India paper mounted on cardstock with four POCs in the signature lines. There were five examples of this note in the 1990 ABNCo Archives sale. With Plate Letter D, it is likely that this note is the bottom subject on the $5-$5-$5-$5 uncut sheet that appeared in Lot 642 in that sale.
The bank's charter was approved in 1834 and the institution remained in business until entering voluntary liquidation in 1853. It transferred all banking activities to the Mechanics Bank in Baltimore on September 5, 1853 and placed its banking house on the auction block a month later. The $5 design features an early passenger train headed down what appears to be a three rail line with another oncoming train headed towards it in the distance. This is flanked by vignettes of Vulcan at left and Pat Lyon at his forge at right. The note is printed on India paper mounted on cardstock with four POCs in the signature lines. There were five examples of this note in the 1990 ABNCo Archives sale. With Plate Letter D, it is likely that this note is the bottom subject on the $5-$5-$5-$5 uncut sheet that appeared in Lot 642 in that sale.
Ellicott's Mills, MD- J.K. Swaine 12-1/2¢ Nov. 25, 1839 Shank 43.3.2 PMG Very Good 10.
Swaine operated a general store and issued scrip such as this note during the Panic of 1837 years in an attempt to offer a way of making change in day-to-day commerce during a coin-scarce time period. The design features a seated allegorical woman holding a cornucopia and olive branch flanked by a 12-1/2 counter and a vignette of a Spanish 1 Reale coin. The end panels contain a portrait of Washington at left and a vignette of a locomotive at right. PMG notes that the lower left corner has been replaced, which is not obvious without close inspection. The note has a noticeable vertical gutter fold running through the center vignette.
Swaine operated a general store and issued scrip such as this note during the Panic of 1837 years in an attempt to offer a way of making change in day-to-day commerce during a coin-scarce time period. The design features a seated allegorical woman holding a cornucopia and olive branch flanked by a 12-1/2 counter and a vignette of a Spanish 1 Reale coin. The end panels contain a portrait of Washington at left and a vignette of a locomotive at right. PMG notes that the lower left corner has been replaced, which is not obvious without close inspection. The note has a noticeable vertical gutter fold running through the center vignette.
Ellicott's Mills, MD- J.K. Swaine 25¢ Nov. 25, 1839 Shank 43.3.3 PMG Fine 12.
The 25¢ design is similar to that of the 12-1/2¢ previously described in this auction except that Washington's portrait does not appear in the left end panel and a vignette of a United States quarter dollar reverse replaces the lower denomination's Spanish 1 Reale depiction. This is only the second example of this note that we have offered in the last two decades. PMG mentions that this note has been previously mounted.
The 25¢ design is similar to that of the 12-1/2¢ previously described in this auction except that Washington's portrait does not appear in the left end panel and a vignette of a United States quarter dollar reverse replaces the lower denomination's Spanish 1 Reale depiction. This is only the second example of this note that we have offered in the last two decades. PMG mentions that this note has been previously mounted.
Boston, MA- Nathaniel J(eremiah) Bradlee on Granite Bank $470 check Apr. 11, 1862 PMG Choice Very Fine 35.
There are checks and then there are CHECKS. This beauty qualifies for the latter category. Nathaniel Jeremiah Bradlee (1829-1888) was a prominent and widely respected Boston architect. This check appears to have been written to his father, Samuel Bradlee (1778-1867) payable at the Granite Bank of Boston. Printed by ABNCo, this check is a beauty with a wonderful allegorical vignette of putti working on stone architectural elements complemented by a portrait of Franklin. A striking red overall tint with Bradlee's name in white letters completes this spectacular design. PMG mentions a single small POC and a paper pull which has no meaningful impact as it is not at all noticeable from the face. We have handled only one other example, in equivalent condition, which crossed the auction block for $600 three years ago. This piece should certainly test that price level.
There are checks and then there are CHECKS. This beauty qualifies for the latter category. Nathaniel Jeremiah Bradlee (1829-1888) was a prominent and widely respected Boston architect. This check appears to have been written to his father, Samuel Bradlee (1778-1867) payable at the Granite Bank of Boston. Printed by ABNCo, this check is a beauty with a wonderful allegorical vignette of putti working on stone architectural elements complemented by a portrait of Franklin. A striking red overall tint with Bradlee's name in white letters completes this spectacular design. PMG mentions a single small POC and a paper pull which has no meaningful impact as it is not at all noticeable from the face. We have handled only one other example, in equivalent condition, which crossed the auction block for $600 three years ago. This piece should certainly test that price level.
Boston, MA- Continental Bank $1-$1-$2-$3 Oct. __ 18__ G2a-G2a-G4a-G6a / X1 Uncut Sheet PMG Extremely Fine 40.
The Continental Bank was organized in 1860 and four years later became the Continental National Bank of Boston. The notes on this sheet have several interesting portraits and vignettes. The $1 notes feature a portrait of Major General David Wooster who died of wounds received at the Battle of Ridgefield, CT in 1777. The $2 features the vignette titled Black and White Beauties adapted from a painting by LeRoy depicting two horses frightened by an approaching thunderstorm. The $3 has perhaps the most interesting vignette, titled Polar Bear Attack/The White Bear, engraved by De Witt Clinton Hay and adapted from the art of internationally-known artist Felix O.C. Darley. Four fur-clad men in a small boat attempt to fend off an aggressive polar bear rising out of the water, his large paw already on the gunwale; their ship looms on the horizon. The Polar Bear Attack vignette, though not specifically historic, is relevant to the period of issue. It was engraved at the time of Henry Grinnell's expeditions in search of ill-fated explorer John Franklin and his ships, HMS Erebus and HMS Terror, which were lost in the mid-1840s in the Canadian Arctic wilderness. The portrait on the $3 is that of American patriot General Joseph Warren, who died a martyr's death at the Battle of Bunker Hill on June 17, 1775. A scarce sheet with great historical and artistic vignettes. The grade accounts for several horizontal sheet folds.
The Continental Bank was organized in 1860 and four years later became the Continental National Bank of Boston. The notes on this sheet have several interesting portraits and vignettes. The $1 notes feature a portrait of Major General David Wooster who died of wounds received at the Battle of Ridgefield, CT in 1777. The $2 features the vignette titled Black and White Beauties adapted from a painting by LeRoy depicting two horses frightened by an approaching thunderstorm. The $3 has perhaps the most interesting vignette, titled Polar Bear Attack/The White Bear, engraved by De Witt Clinton Hay and adapted from the art of internationally-known artist Felix O.C. Darley. Four fur-clad men in a small boat attempt to fend off an aggressive polar bear rising out of the water, his large paw already on the gunwale; their ship looms on the horizon. The Polar Bear Attack vignette, though not specifically historic, is relevant to the period of issue. It was engraved at the time of Henry Grinnell's expeditions in search of ill-fated explorer John Franklin and his ships, HMS Erebus and HMS Terror, which were lost in the mid-1840s in the Canadian Arctic wilderness. The portrait on the $3 is that of American patriot General Joseph Warren, who died a martyr's death at the Battle of Bunker Hill on June 17, 1775. A scarce sheet with great historical and artistic vignettes. The grade accounts for several horizontal sheet folds.
Boston, MA- (Dix & Brinley?) $3-$4 180__ Uncut Pair PMG About Uncirculated 50.
The tentative identification of the issuer of this pair of most unusual merchant notes is based on a name written in the margin of another denomination from this issuer. With notes this early, many of the usual research aids such as newspaper items, census records, and city directory listings are either few and far between or non-existent. We have, however, discovered a catalog issued by George Brinley, who was a dealer in drugs, medicines, dye stuffs, painters' colors, and surgeons' instruments among other products, located at the address shown on these notes. So these notes are almost assuredly associated with this business. It remains unclear if "Dix & Brinley" was the banner this business was operating under when these notes were in use, before 1810. The notes themselves are delightful, however, both featuring pachyderms. The other denomination of which we are aware also has an elephant vignette, and it would be interesting to discover what the fascination with elephants was all about. The bottom of an end panel and bottom frameline for another note is in evidence in the top margin of the $3, indicating that this is a partial sheet rather than a complete two subject sheet. This is our first offering of any issues from this rare early Boston issuer.
The tentative identification of the issuer of this pair of most unusual merchant notes is based on a name written in the margin of another denomination from this issuer. With notes this early, many of the usual research aids such as newspaper items, census records, and city directory listings are either few and far between or non-existent. We have, however, discovered a catalog issued by George Brinley, who was a dealer in drugs, medicines, dye stuffs, painters' colors, and surgeons' instruments among other products, located at the address shown on these notes. So these notes are almost assuredly associated with this business. It remains unclear if "Dix & Brinley" was the banner this business was operating under when these notes were in use, before 1810. The notes themselves are delightful, however, both featuring pachyderms. The other denomination of which we are aware also has an elephant vignette, and it would be interesting to discover what the fascination with elephants was all about. The bottom of an end panel and bottom frameline for another note is in evidence in the top margin of the $3, indicating that this is a partial sheet rather than a complete two subject sheet. This is our first offering of any issues from this rare early Boston issuer.
Boston, MA- Eliot Bank $100 18__ as G18 Proof PMG Gem Uncirculated 65 EPQ.
The bank was organized in 1853 and remained in business until 1864 when it became the Eliot National Bank of Boston. The bank had two different $100 designs; this version has a large center vignette of a group of three Native Americans gazing at the encroachment of "Civilization" in the form of a distant city and infrastructure. This was a popular theme on antebellum bank notes. This example is printed on India paper mounted on cardstock with four small POCs in the signature lines.
The bank was organized in 1853 and remained in business until 1864 when it became the Eliot National Bank of Boston. The bank had two different $100 designs; this version has a large center vignette of a group of three Native Americans gazing at the encroachment of "Civilization" in the form of a distant city and infrastructure. This was a popular theme on antebellum bank notes. This example is printed on India paper mounted on cardstock with four small POCs in the signature lines.
Boston, MA- Massachusetts Bank $2-$2-$1-$1-$1 18__ G80-G80-G36-G36-G36 Uncut Reprint Sheet PMG Gem Uncirculated 66 EPQ.
The Massachusetts Bank was organized in 1784, making it the second oldest in the United States after the historic Bank of North America in Philadelphia. It commenced issuing notes that year from plates engraved in Philadelphia and printed in Boston. For decades after, it issued many series of notes and types before eventually becoming the Massachusetts National Bank of Boston. This is an unusual sheet reprinted from the original copper plate. It has a very rare, early imprint and uses a seldom seen five subject layout comprising $2-$2-$1-$1-$1. The designs for this early series would be unknown if not for the American Bank Note Company reprinting notes from the original plates at the behest of the successor national bank in 1884 for the bank's 100th anniversary. The quantities of reprinted notes are not known today. This sheet, whose designs date from the 1810-20 period, has a unique printing style. The imprint of "Hoogland Sc." is at the lower right of the vignette, and the engraver's name, "J.R. Penniman del." is at the left. Each denomination shares a common vignette of the Massachusetts coat of arms, leaning backward, and the motto ENSE PETIT PLACIDAM SUB LIBERTATE QUIETEM on a ribbon underneath. A plow is on the shore and a ship is in the harbor. The sheet is printed directly on cardstock and is without blemish. This is a very collectible later printing, made for commemorative purposes, and we believe both denominations are unknown in issued form.
The Massachusetts Bank was organized in 1784, making it the second oldest in the United States after the historic Bank of North America in Philadelphia. It commenced issuing notes that year from plates engraved in Philadelphia and printed in Boston. For decades after, it issued many series of notes and types before eventually becoming the Massachusetts National Bank of Boston. This is an unusual sheet reprinted from the original copper plate. It has a very rare, early imprint and uses a seldom seen five subject layout comprising $2-$2-$1-$1-$1. The designs for this early series would be unknown if not for the American Bank Note Company reprinting notes from the original plates at the behest of the successor national bank in 1884 for the bank's 100th anniversary. The quantities of reprinted notes are not known today. This sheet, whose designs date from the 1810-20 period, has a unique printing style. The imprint of "Hoogland Sc." is at the lower right of the vignette, and the engraver's name, "J.R. Penniman del." is at the left. Each denomination shares a common vignette of the Massachusetts coat of arms, leaning backward, and the motto ENSE PETIT PLACIDAM SUB LIBERTATE QUIETEM on a ribbon underneath. A plow is on the shore and a ship is in the harbor. The sheet is printed directly on cardstock and is without blemish. This is a very collectible later printing, made for commemorative purposes, and we believe both denominations are unknown in issued form.
Boston, MA- Massachusetts Bank $5-$5-$5-$5 18__ G176-G176a-G176b-G176c Uncut Reprint Sheet PMG Choice Uncirculated 64 EPQ.
The Massachusetts Bank was one of the earliest commercial banks organized in the post-colonial era, tracing its roots to 1784. It ultimately became the Massachusetts National Bank of Boston in 1865. This sheet of four nearly identical $5s (the engraved payee name changes on each note) was very likely reprinted from the original plate by ABNCo in 1884 for the bank as part of its 100th anniversary celebration as Newman indicates that ABNCo reprinted a number of different issues for the bank then (see page 193, Early Paper Money of America, 2023 edition). The total number of sheets printed remains unknown at present and it appears that many have been cut over the last 140+ years.
The Massachusetts Bank was one of the earliest commercial banks organized in the post-colonial era, tracing its roots to 1784. It ultimately became the Massachusetts National Bank of Boston in 1865. This sheet of four nearly identical $5s (the engraved payee name changes on each note) was very likely reprinted from the original plate by ABNCo in 1884 for the bank as part of its 100th anniversary celebration as Newman indicates that ABNCo reprinted a number of different issues for the bank then (see page 193, Early Paper Money of America, 2023 edition). The total number of sheets printed remains unknown at present and it appears that many have been cut over the last 140+ years.
Boston, MA- Union Bank $10-$20-$20-$30 17__ G140-G172-G172-G204 (X2 as Sheet) Reprint Uncut Sheet PMG Choice Extremely Fine 45.
The Union Bank was one of the first commercial banks organized in the United States, tracing its roots back to 1792. It became the National Union Bank of Boston in 1865. Most references list these notes as 19th century reprints printed from the original plates. We know that ABNCo made reprints of early notes from the original plates for the Massachusetts Bank in 1884, for use in its 100th anniversary celebration. It seems likely that ABNCo would give the state's second oldest bank of issue the same offer in 1892 for that bank's 100th anniversary celebration. Further investigation may provide a more definitive answer. Typical of the years immediately following the colonial era, the note designs are very simple, with a plain end panel containing small vignettes of a plow and a sailing vessel and the Massachusetts coat of arms being the main ornamentation on each. PMG notes some stains and a small body hole in the $30 note. The total number of sheets printed is unknown at present.
The Union Bank was one of the first commercial banks organized in the United States, tracing its roots back to 1792. It became the National Union Bank of Boston in 1865. Most references list these notes as 19th century reprints printed from the original plates. We know that ABNCo made reprints of early notes from the original plates for the Massachusetts Bank in 1884, for use in its 100th anniversary celebration. It seems likely that ABNCo would give the state's second oldest bank of issue the same offer in 1892 for that bank's 100th anniversary celebration. Further investigation may provide a more definitive answer. Typical of the years immediately following the colonial era, the note designs are very simple, with a plain end panel containing small vignettes of a plow and a sailing vessel and the Massachusetts coat of arms being the main ornamentation on each. PMG notes some stains and a small body hole in the $30 note. The total number of sheets printed is unknown at present.
Charlestown, MA- Bunker Hill Bank Raised $5 June 17, 1858 PMG Fine 12 Net.
The Bunker Hill Bank was organized in 1825 and remained in business until succeeded by the Bunker Hill National Bank of Charlestown in December 1864. This note started out life as a $1 issue of this bank (Haxby G10a). At some point, a criminal "artist" took the note, erased or otherwise removed the protector panel and ONE DOLLAR tablet from the bottom center of the note and the red 1 denominational counter at upper right and replaced them with a tablet containing FIVE DOLLARS, a large red FIVE protector, and a red 5 denominational counter. This bit of larcenous slight of hand was detected by the Bank of Mutual Redemption which promptly stamped the note twice ALTERED BILL / BANK OF MUTUAL REDEMPTION / C.B.B. on the face. PMG mentions some ink burn in some of the letters of one of these stamps as well as a bit of rust which is not overly distracting. An unusual raised note that is unlisted in Haxby.
The Bunker Hill Bank was organized in 1825 and remained in business until succeeded by the Bunker Hill National Bank of Charlestown in December 1864. This note started out life as a $1 issue of this bank (Haxby G10a). At some point, a criminal "artist" took the note, erased or otherwise removed the protector panel and ONE DOLLAR tablet from the bottom center of the note and the red 1 denominational counter at upper right and replaced them with a tablet containing FIVE DOLLARS, a large red FIVE protector, and a red 5 denominational counter. This bit of larcenous slight of hand was detected by the Bank of Mutual Redemption which promptly stamped the note twice ALTERED BILL / BANK OF MUTUAL REDEMPTION / C.B.B. on the face. PMG mentions some ink burn in some of the letters of one of these stamps as well as a bit of rust which is not overly distracting. An unusual raised note that is unlisted in Haxby.
Chelsea, MA- Chelsea Bank $100 Nov. 4, 1836 G16 PMG Very Fine 20.
The Chelsea Bank was a short-lived institution having been organized in 1836 and remaining in business until April 12, 1837. Early reports indicated that there was a major overissue of notes and that two directors were indebted to the bank for $180,000. Another indicated that the bank had over $100,000 in circulation and $1,279 in specie. The $100 design features a water god seated by a jar from which water is flowing at center. The left end panel contains a small portrait of Washington while the right end panel contains the denomination ONE HUNDRED. This Patent Stereotype Steel Plate note is well printed on bright paper and faces up quite well. PMG mentions that the note has been previously mounted as evidenced by the back top margin. A rare note with Haxby's least detailed description, NDA (No Description Available). We last auctioned this example two decades ago when it fetched $402 and we have not seen another since.
The Chelsea Bank was a short-lived institution having been organized in 1836 and remaining in business until April 12, 1837. Early reports indicated that there was a major overissue of notes and that two directors were indebted to the bank for $180,000. Another indicated that the bank had over $100,000 in circulation and $1,279 in specie. The $100 design features a water god seated by a jar from which water is flowing at center. The left end panel contains a small portrait of Washington while the right end panel contains the denomination ONE HUNDRED. This Patent Stereotype Steel Plate note is well printed on bright paper and faces up quite well. PMG mentions that the note has been previously mounted as evidenced by the back top margin. A rare note with Haxby's least detailed description, NDA (No Description Available). We last auctioned this example two decades ago when it fetched $402 and we have not seen another since.
Chelsea, MA- Tradesman's Bank $1 Sep. 2, 185? (Faded) G2b PMG Very Fine 20.
The bank opened in the summer of 1850 and remained in business until becoming the First National Bank of Chelsea in 1864. The $5 design features a custom vignette of Chelsea and the waterfront on the Mystic and Chelsea Rivers flanked by a vignette Liberty standing behind a large 1 at left and the Massachusetts coat of arms at right. A large red ONE protector completes the design. The note has been canceled with four POCs in the signature lines and there is some paper damage in the area as well as a clipped upper right corner tip.
The bank opened in the summer of 1850 and remained in business until becoming the First National Bank of Chelsea in 1864. The $5 design features a custom vignette of Chelsea and the waterfront on the Mystic and Chelsea Rivers flanked by a vignette Liberty standing behind a large 1 at left and the Massachusetts coat of arms at right. A large red ONE protector completes the design. The note has been canceled with four POCs in the signature lines and there is some paper damage in the area as well as a clipped upper right corner tip.
Chelsea, MA- Tradesman's Bank $5 Sep. 2, 1859 G8b PMG Very Fine 20.
The $5 design features a custom vignette of Chelsea and its harbor at the confluence of the Mystic and Chelsea Rivers flanked by a vignette of Hebe watering an eagle while seated in a huge 5 at left and an oval portrait of Zachary Taylor at right. A large red FIVE protector completes the design. The note has been cancelled with eight POCs in the signature lines and previously mounted. This is only the second example of which we are aware, with the first being The Eric P. Newman Collection holding in similar condition that we auctioned over a decade ago.
The $5 design features a custom vignette of Chelsea and its harbor at the confluence of the Mystic and Chelsea Rivers flanked by a vignette of Hebe watering an eagle while seated in a huge 5 at left and an oval portrait of Zachary Taylor at right. A large red FIVE protector completes the design. The note has been cancelled with eight POCs in the signature lines and previously mounted. This is only the second example of which we are aware, with the first being The Eric P. Newman Collection holding in similar condition that we auctioned over a decade ago.
Holliston, MA- Holliston Bank $50 Oct. 18, 1854 as G14 Proof PCGS New 62PPQ.
The bank was organized in 1854 and remained in business until 1865 when it was succeeded by the Holliston National Bank. The $50 design features a vignette of a herd of mixed livestock resting flanked by an oval portrait of Charles Sumner at left and another of Washington at right. Sumner is best known for being attacked on the floor of the United States Senate in 1856 after delivering a speech highly critical of slavery and slaveholders. His assailant was Representative Preston Brooks of South Carolina. The injuries suffered were so severe that Sumner did not return to the Senate for three and a half years. The note is printed on India paper with four POCs in the signature lines and is trimmed slightly into the design at left. There were fourteen examples of this note in the 1990 ABNCo Archives sale.
The bank was organized in 1854 and remained in business until 1865 when it was succeeded by the Holliston National Bank. The $50 design features a vignette of a herd of mixed livestock resting flanked by an oval portrait of Charles Sumner at left and another of Washington at right. Sumner is best known for being attacked on the floor of the United States Senate in 1856 after delivering a speech highly critical of slavery and slaveholders. His assailant was Representative Preston Brooks of South Carolina. The injuries suffered were so severe that Sumner did not return to the Senate for three and a half years. The note is printed on India paper with four POCs in the signature lines and is trimmed slightly into the design at left. There were fourteen examples of this note in the 1990 ABNCo Archives sale.
Nantucket, MA- Phoenix Bank $1-$1-$2-$3 18__ G10-G10-G16-G20 / X1 Uncut Sheet PMG About Uncirculated 53.
The bank was chartered on June 23, 1812 and seems to have lost its way during the Panic of 1837. A news item from February 1837 indicates that the bank was closed while another indicates that the bank's charter was expired circa 1839. By 1842, the bank's notes are routinely listed as "worthless." The notes on this sheet are the standard Patent Stereotype Steel Plate designs that were the most widespread and even mandated style in New England well into the 1830s. This is one of only two examples of this sheet which we have offered, with the other being The Eric P. Newman Collection holding. This sheet last crossed the auction block for $720 in 2023. A selvage tear is mentioned on the PMG back label.
The bank was chartered on June 23, 1812 and seems to have lost its way during the Panic of 1837. A news item from February 1837 indicates that the bank was closed while another indicates that the bank's charter was expired circa 1839. By 1842, the bank's notes are routinely listed as "worthless." The notes on this sheet are the standard Patent Stereotype Steel Plate designs that were the most widespread and even mandated style in New England well into the 1830s. This is one of only two examples of this sheet which we have offered, with the other being The Eric P. Newman Collection holding. This sheet last crossed the auction block for $720 in 2023. A selvage tear is mentioned on the PMG back label.
Newburyport, MA- Ocean Bank $3 18__ G6a Remainder PCGS Very Choice New 64PPQ.
This bank went on to be chartered as a National Bank with charter number 1011 in 1865. This example is also the only Obsolete that we have ever been able to offer from this institution. Penned on the back is, "Feb. 18, 1852 / Wilcox C.C." This remainder has six POCs in the signature lines.
This bank went on to be chartered as a National Bank with charter number 1011 in 1865. This example is also the only Obsolete that we have ever been able to offer from this institution. Penned on the back is, "Feb. 18, 1852 / Wilcox C.C." This remainder has six POCs in the signature lines.
Ann Arbor, MI- Bank of Washtenaw $20 18__ G18P Proof PMG Choice Uncirculated 64.
The Bank of Washtenaw opened in 1835, failed shortly thereafter in 1839, and was reopened, only to fail yet again for the final time in 1854. Our current offering is a $20 engraved by Draper, Toppan, Longacre & Co., a firm which had offices in both Philadelphia and New York. Myriad detailed depictions adorn the face. A female farm worker is at lower left, Chief Justice John Marshall's portrait appears at upper left, a farmer driving his livestock is at center, a cherub with an "XX" is at right, and a small illustration of a steamer on the tracks is at bottom center in between the signature lines. The note is printed on India paper and mounted on cardstock. Unlike most of the Proofs from this era, this piece does not contain any forms of cancellation.
The Bank of Washtenaw opened in 1835, failed shortly thereafter in 1839, and was reopened, only to fail yet again for the final time in 1854. Our current offering is a $20 engraved by Draper, Toppan, Longacre & Co., a firm which had offices in both Philadelphia and New York. Myriad detailed depictions adorn the face. A female farm worker is at lower left, Chief Justice John Marshall's portrait appears at upper left, a farmer driving his livestock is at center, a cherub with an "XX" is at right, and a small illustration of a steamer on the tracks is at bottom center in between the signature lines. The note is printed on India paper and mounted on cardstock. Unlike most of the Proofs from this era, this piece does not contain any forms of cancellation.
Brest, MI- Bank of Brest $1 18__ G2P Proof PMG Choice Uncirculated 64.
The Bank of Brest was a very short-lived institution, surviving only a single year from 1837-38. It failed, likely due to the banking atmosphere brought about by the Panic of 1837. In James Haxby's United States Obsolete Bank Notes 1782-1866: Volume 2, the author lists only issued notes on page 1046. Printed by Draper, Toppan, Longacre & Co., this lovely high grade Proof features a vignette of Ceres holding an eagle. There is a cornucopia by her feet, and sailing ships and a farming scene are both in the background. We have auctioned just one $1 Proof from this bank prior to now. That example, which was none other than our current offering, was part of an uncut Proof sheet that realized $960 in October 2021. PMG mentions evidence of a previous mounting. There are four punch cancels present in the signature lines.
The Bank of Brest was a very short-lived institution, surviving only a single year from 1837-38. It failed, likely due to the banking atmosphere brought about by the Panic of 1837. In James Haxby's United States Obsolete Bank Notes 1782-1866: Volume 2, the author lists only issued notes on page 1046. Printed by Draper, Toppan, Longacre & Co., this lovely high grade Proof features a vignette of Ceres holding an eagle. There is a cornucopia by her feet, and sailing ships and a farming scene are both in the background. We have auctioned just one $1 Proof from this bank prior to now. That example, which was none other than our current offering, was part of an uncut Proof sheet that realized $960 in October 2021. PMG mentions evidence of a previous mounting. There are four punch cancels present in the signature lines.
Brest, MI- Bank of Brest $2 18__ as G4 Lee BRE-1-2 Proof PMG Choice Uncirculated 64.
The Bank of Brest was organized on September 15, 1837 and, like so many of its peers, failed by 1838. It was placed under an injunction and into receivership on November 27, 1838 after examinations uncovered improper loans and accounting slight-of-hands. The $2 design features Liberty and a Native American man holding a musket seated by a framed mirror. Identical end panels each contain the denomination TWO-TWO DOLLARS-TWO. The note is printed on India paper with four POCs in the signature lines. This note is believed to have once been part of an uncut $1-$2-$3-$5 Proof sheet that appeared as lot 786 in the 1990 ABNCo Archives sale that has been cut sometime since the sheet last sold in 2021.
The Bank of Brest was organized on September 15, 1837 and, like so many of its peers, failed by 1838. It was placed under an injunction and into receivership on November 27, 1838 after examinations uncovered improper loans and accounting slight-of-hands. The $2 design features Liberty and a Native American man holding a musket seated by a framed mirror. Identical end panels each contain the denomination TWO-TWO DOLLARS-TWO. The note is printed on India paper with four POCs in the signature lines. This note is believed to have once been part of an uncut $1-$2-$3-$5 Proof sheet that appeared as lot 786 in the 1990 ABNCo Archives sale that has been cut sometime since the sheet last sold in 2021.
Brest, MI- Bank of Brest $3 18__ as G6 as Lee BRE-1-3 Proof PMG Choice Uncirculated 64 EPQ.
The $3 denomination features a cameo-like profile portrait of Washington in a frame flanked by Liberty and, perhaps, Commerce or Agriculture. Each end panel contains the denomination THREE DOLLARS. Like the other notes from this bank in this auction, this Proof is printed on India paper with four POCs in the signature lines. This note is also believed to be part of a single $1-$2-$3-$5 uncut Proof sheet that originally appeared in the 1990 ABNCo Archives sale. The position of the POCs affirms this likely scenario.
The $3 denomination features a cameo-like profile portrait of Washington in a frame flanked by Liberty and, perhaps, Commerce or Agriculture. Each end panel contains the denomination THREE DOLLARS. Like the other notes from this bank in this auction, this Proof is printed on India paper with four POCs in the signature lines. This note is also believed to be part of a single $1-$2-$3-$5 uncut Proof sheet that originally appeared in the 1990 ABNCo Archives sale. The position of the POCs affirms this likely scenario.
Detroit, MI- Farmers & Mechanics Bank of Michigan $5 July 1, 1864 G106a Remainder PMG Choice Uncirculated 63 EPQ.
The note in this lot is from the bank's second period of operation, 1841-69. It has survived in lovely condition, with natural paper wave and a bold red FIVE overprint. Ornate panels featuring stags are at either end, and at center are allegorical figures. We auctioned a PCGS 64 note in May 2016 for $470.
The note in this lot is from the bank's second period of operation, 1841-69. It has survived in lovely condition, with natural paper wave and a bold red FIVE overprint. Ornate panels featuring stags are at either end, and at center are allegorical figures. We auctioned a PCGS 64 note in May 2016 for $470.
Detroit, MI- Michigan Insurance Company $5 July 1, 18__ Remainder G44a PMG Choice Uncirculated 63 EPQ.
The lovely Michigan remainder in this lot is the single finest certified by PMG, according to the PMG Population Report. The next highest example graded by the firm is a Choice AU 58 EPQ. A lovely vignette of farmers plowing a field is at right. The paper is wholly unblemished, which has earned this piece PMG's EPQ designation.
The lovely Michigan remainder in this lot is the single finest certified by PMG, according to the PMG Population Report. The next highest example graded by the firm is a Choice AU 58 EPQ. A lovely vignette of farmers plowing a field is at right. The paper is wholly unblemished, which has earned this piece PMG's EPQ designation.
Detroit, MI- State of Michigan $1-$2-$3-$5 18__ G2a-G4a-G6a-G8a Uncut Sheet About Uncirculated.
The State Bank of Michigan was organized in 1859 and remained in business until becoming the First National Bank of Detroit in 1864, charter 97. All four notes feature fascinating vignettes; the $1 is characterized by the Michigan state seal at center and cherubs at left, the $2 displays a Native American spearing a buffalo at left, the $3 showcases an allegorical female at left and an individual gathering corn at right, and the $5 has a steamboat at center with an anchor and cotton bales at right. Red-orange protectors complete all four designs. Natural paper wave is observed. There is evidence of a previous mounting on the back.
The State Bank of Michigan was organized in 1859 and remained in business until becoming the First National Bank of Detroit in 1864, charter 97. All four notes feature fascinating vignettes; the $1 is characterized by the Michigan state seal at center and cherubs at left, the $2 displays a Native American spearing a buffalo at left, the $3 showcases an allegorical female at left and an individual gathering corn at right, and the $5 has a steamboat at center with an anchor and cotton bales at right. Red-orange protectors complete all four designs. Natural paper wave is observed. There is evidence of a previous mounting on the back.
Grand Rapids, MI- Grand River Bank $3 Nov. 12, 1837 G6 Lee GRA-7-4 PMG Choice Fine 15.
The bank was organized on December 18, 1837 and remained in business until 1839 when it was suspended and placed in receivership by state authorities. The $3 design features a large round scalloped 3 die at center, flanked by a denominational end panel at left and a vignette of a rather rotund eagle at top right. PMG mentions minor repairs, primarily appearing to be short sealed edge tears which do not overly distract.
The bank was organized on December 18, 1837 and remained in business until 1839 when it was suspended and placed in receivership by state authorities. The $3 design features a large round scalloped 3 die at center, flanked by a denominational end panel at left and a vignette of a rather rotund eagle at top right. PMG mentions minor repairs, primarily appearing to be short sealed edge tears which do not overly distract.
Manistee, MI- Englemann, Babcock & Sailing 50¢ ND (ca. 1873-77) Lee UNL Remainder PMG Extremely Fine 40 EPQ.
Michael Englemann, Simeon Babcock, and Ernest Sailing operated a sawmill and general store in Manistee. The business was established in 1873 and succeeded by Babcock & Co. in 1877. The note features a rather incongruous vignette of a maiden carrying a large tray of fruit with a backdrop comprising a large tropical plant and a volcano (as your cataloger writes this description, the temperature in Manistee is 27 degrees). The back has an ornamental 50 design.
Michael Englemann, Simeon Babcock, and Ernest Sailing operated a sawmill and general store in Manistee. The business was established in 1873 and succeeded by Babcock & Co. in 1877. The note features a rather incongruous vignette of a maiden carrying a large tray of fruit with a backdrop comprising a large tropical plant and a volcano (as your cataloger writes this description, the temperature in Manistee is 27 degrees). The back has an ornamental 50 design.
Manistee, MI- Englemann, Babcock & Sailing $2 ND (ca. 1873-77) Lee UNL Remainder PMG Choice Very Fine 35.
The $2 denomination features a lumbering scene, quite appropriate given that the business included a sawmill operation. The face also incorporates a yellow 2 protector element while the green back has a rendition of the Michigan coat of arms flanked by two 2 counters. There is a very small tape repair in the upper left corner. Like the previous 50¢ note, this is unlisted in the Lee Michigan reference.
The $2 denomination features a lumbering scene, quite appropriate given that the business included a sawmill operation. The face also incorporates a yellow 2 protector element while the green back has a rendition of the Michigan coat of arms flanked by two 2 counters. There is a very small tape repair in the upper left corner. Like the previous 50¢ note, this is unlisted in the Lee Michigan reference.
Marshall, MI- Bank of Marshall $4 Nov. 7, 1837 G8 Lee MAS-6-5 PMG Very Fine 25.
The bank was organized on October 26, 1837 and remained, at least nominally, in business until the end of 1841. Its charter was officially annulled on February 16, 1842. The $4 denomination was rarely used by Michigan banks, with only three banks having recorded auction appearances with us in the last two decades. The design features a bald eagle with wings spread at center flanked by portraits of a woman and child. The left end panel contains a large FOUR while John Marshall's portrait appears in the right end panel. A small beaver vignette appears at bottom center. This is only the second example of this very rare note that we have been able to offer in two decades. In 2004, we auctioned the first example for $1,092 and believe that this level will be tested or bested tonight.
The bank was organized on October 26, 1837 and remained, at least nominally, in business until the end of 1841. Its charter was officially annulled on February 16, 1842. The $4 denomination was rarely used by Michigan banks, with only three banks having recorded auction appearances with us in the last two decades. The design features a bald eagle with wings spread at center flanked by portraits of a woman and child. The left end panel contains a large FOUR while John Marshall's portrait appears in the right end panel. A small beaver vignette appears at bottom center. This is only the second example of this very rare note that we have been able to offer in two decades. In 2004, we auctioned the first example for $1,092 and believe that this level will be tested or bested tonight.
"Owasso", MI- Bank of Owasso $1-$2-$3-$5 18__ G2-G4-G6-G8 Lee OWO-1-1 - OWO-1-2 - OWO-1-3 - OWO-1-4 Uncut Sheet PMG Choice Extremely Fine 45.
Boston Bank Note Company who printed these notes was a bit deficient in the spelling department as both the town name and bank name should have been spelled Owosso rather than Owasso. As it turns out it did not make much difference as the bank was partially organized in 1838 but never opened or issued notes. Each denomination depicted a different type of nautical transportation, ranging from a Native American in a small canoe on the $1 to various types of steamboats and sailing vessels on the other three denominations. The sheet has minimally deckled edges and PMG mentions small tears, primarily in the selvage. This is only the third sheet we have offered from this bank in the last two decades.
Boston Bank Note Company who printed these notes was a bit deficient in the spelling department as both the town name and bank name should have been spelled Owosso rather than Owasso. As it turns out it did not make much difference as the bank was partially organized in 1838 but never opened or issued notes. Each denomination depicted a different type of nautical transportation, ranging from a Native American in a small canoe on the $1 to various types of steamboats and sailing vessels on the other three denominations. The sheet has minimally deckled edges and PMG mentions small tears, primarily in the selvage. This is only the third sheet we have offered from this bank in the last two decades.
Pontiac, MI- Bank of Pontiac $1.75-$1.50-$1.25-$1.25 18__ G8-G6-G4-G4 Lee PON-7-7 - PON-7-6 - PON-7-4 - PON-7-3 PMG Choice Very Fine 35.
Originally organized as the Pontiac & Detroit Railroad in 1830, the railroad, renamed the Detroit & Pontiac Railroad, was later authorized to organize a banking operation under the banner of the Bank of Pontiac. While the railroad disappeared from the scene by the mid-1850s, the bank surprisingly endured and remained in business until merging with the First National Bank of Pontiac in 1864. One of the more interesting emissions of the bank comprised odd denomination $1.25, $1.50, and $1.75 notes that were issued during the Panic of 1837 era. Their purpose was quite simple; they could be used to make change after coins had largely disappeared. So, for example, a $1.75 note could be paid out as change for a $3.25 purchase paid for with a $5 bill. The $1.25 notes feature a busy nautical scene with multiple vessels flanked by an eagle and locomotive, while the $1.50 note depicts an eagle and Justice, and the $1.75 note depicts multiple sailing vessels flanked by vignettes of Hebe at left and a farm woman at right. PMG notes that the sheet has a few stains that have only a minor impact on its desirability. This is only the second example of this sheet we have auctioned in the last decade and a half.
Originally organized as the Pontiac & Detroit Railroad in 1830, the railroad, renamed the Detroit & Pontiac Railroad, was later authorized to organize a banking operation under the banner of the Bank of Pontiac. While the railroad disappeared from the scene by the mid-1850s, the bank surprisingly endured and remained in business until merging with the First National Bank of Pontiac in 1864. One of the more interesting emissions of the bank comprised odd denomination $1.25, $1.50, and $1.75 notes that were issued during the Panic of 1837 era. Their purpose was quite simple; they could be used to make change after coins had largely disappeared. So, for example, a $1.75 note could be paid out as change for a $3.25 purchase paid for with a $5 bill. The $1.25 notes feature a busy nautical scene with multiple vessels flanked by an eagle and locomotive, while the $1.50 note depicts an eagle and Justice, and the $1.75 note depicts multiple sailing vessels flanked by vignettes of Hebe at left and a farm woman at right. PMG notes that the sheet has a few stains that have only a minor impact on its desirability. This is only the second example of this sheet we have auctioned in the last decade and a half.
Pontiac, MI- Bank of Pontiac $20 March 1860 G18 Lee PON-7-15 Remainder PMG Choice Very Fine 35.
The Bank of Pontiac opened in 1835 and closed in 1864, becoming the First NB of Pontiac, charter 434. This Obsolete features a lovely vignette of Ceres and Mercury at center. There are no noteworthy condition problems.
The Bank of Pontiac opened in 1835 and closed in 1864, becoming the First NB of Pontiac, charter 434. This Obsolete features a lovely vignette of Ceres and Mercury at center. There are no noteworthy condition problems.
Royal Oak, MI- Farmers Bank of Oakland $1.50 "May 1, 1862" G6 Remainder PMG Choice Fine 15.
The bank was organized at the end of December 23, 1837 and remained in business for only a short time before being placed in receivership in 1838. During its short life the $1.25, $1.50, and $1.75 notes were intended to facilitate change-making in day-to-day commerce with, for example, a $1.50 note being tendered to make change for a $3.50 purchase made with a $5 bill. The design features an eagle perched on a rock at left center and a vignette of Justice at lower right. The handwritten 1862 date clearly identifies this as a remainder falsely filled in years after the bank failed in 1838. The note retains the wide right selvage margin, with PMG mentioning what look like four pin or tack holes in the corners.
The bank was organized at the end of December 23, 1837 and remained in business for only a short time before being placed in receivership in 1838. During its short life the $1.25, $1.50, and $1.75 notes were intended to facilitate change-making in day-to-day commerce with, for example, a $1.50 note being tendered to make change for a $3.50 purchase made with a $5 bill. The design features an eagle perched on a rock at left center and a vignette of Justice at lower right. The handwritten 1862 date clearly identifies this as a remainder falsely filled in years after the bank failed in 1838. The note retains the wide right selvage margin, with PMG mentioning what look like four pin or tack holes in the corners.
Sharon, MI- Farmers Bank of Sharon $5 18__ G6 Lee SHA-1-4 Remainder PMG Very Fine 20 EPQ.
The Farmers Bank of Sharon was pretty typical for Michigan banks organized during the 1830s. It was organized on December 23, 1837. Less than a year later it was placed in receivership on December 21, 1838. The $5 design features an allegorical woman seated with a shield containing a 5 by agricultural tools in addition to a female portrait in the right end panel. Although the remainder is cut-canceled, it has still attained PMG's EPQ designation.
The Farmers Bank of Sharon was pretty typical for Michigan banks organized during the 1830s. It was organized on December 23, 1837. Less than a year later it was placed in receivership on December 21, 1838. The $5 design features an allegorical woman seated with a shield containing a 5 by agricultural tools in addition to a female portrait in the right end panel. Although the remainder is cut-canceled, it has still attained PMG's EPQ designation.
Ypsilanti, MI- Cornwells, Van Cleve & Barnes at E. & F.P. Bogardus, Bankers 5¢ Oct. 10, 1862 Lee UNL PMG Choice Fine 15.
Cornwells, Van Cleve & Barnes was a papermill partnership that issued scrip payable at E. & F.P. Bogardus, a private bank organized in 1860 which remained in business until merging with the First National Bank of Ypsilanti in 1867. It is interesting to note that a decade after this note was issued, Cornwells, Van Cleve, and Barnes were involved with three competing paper companies in Ypsilanti. The design is simple with the denomination repeated a number of times in the margins with PAPER MILL - 5 - COMPANY printed across the face in red. PMG notes that splits have been sealed. This is the first note of any denomination that we have offered from this issuer which is unlisted in Lee.
Cornwells, Van Cleve & Barnes was a papermill partnership that issued scrip payable at E. & F.P. Bogardus, a private bank organized in 1860 which remained in business until merging with the First National Bank of Ypsilanti in 1867. It is interesting to note that a decade after this note was issued, Cornwells, Van Cleve, and Barnes were involved with three competing paper companies in Ypsilanti. The design is simple with the denomination repeated a number of times in the margins with PAPER MILL - 5 - COMPANY printed across the face in red. PMG notes that splits have been sealed. This is the first note of any denomination that we have offered from this issuer which is unlisted in Lee.
Zilwaukie, MI- Bank of Zilwaukie $1 18__ Remainder PMG Very Fine 30.
Daniel and Solomon Johnson, the founders of the township of Zilwaukie, partook in a great many business ventures during their time in Michigan, and the Bank of Zilwaukie was a concept that would have them introduced into the banking world. Printed by Rawdon, Wright, Hatch & Edson, notes for the bank were ordered in 1856 and never saw time in circulation. Instead, they collected dust in a vault for over half a decade until, in 1863, the contents of the safe were discovered and dispersed around the South. At left on our current $1 offering is a depiction of farmers with their livestock, and at center is a lovely riverside vignette. This is a design that we have not offered previously. In fact, we have only auctioned a single example from this bank in the past. That piece, a 25¢ note, graded PCGS Apparent XF 45 and realized $528 in April 2018. The note in this lot is happily free of any meaningful condition impairments. It is printed on bright paper with a moderate amount of handling.
Daniel and Solomon Johnson, the founders of the township of Zilwaukie, partook in a great many business ventures during their time in Michigan, and the Bank of Zilwaukie was a concept that would have them introduced into the banking world. Printed by Rawdon, Wright, Hatch & Edson, notes for the bank were ordered in 1856 and never saw time in circulation. Instead, they collected dust in a vault for over half a decade until, in 1863, the contents of the safe were discovered and dispersed around the South. At left on our current $1 offering is a depiction of farmers with their livestock, and at center is a lovely riverside vignette. This is a design that we have not offered previously. In fact, we have only auctioned a single example from this bank in the past. That piece, a 25¢ note, graded PCGS Apparent XF 45 and realized $528 in April 2018. The note in this lot is happily free of any meaningful condition impairments. It is printed on bright paper with a moderate amount of handling.
St. Paul, MN- Dayton Bank $1 185_ Remainder PMG About Uncirculated 55 EPQ.
This bank never received authorization for operation, and this is supported by the fact that all known notes are remainders. Lyman Dayton, the bank's president, is featured at center.
This bank never received authorization for operation, and this is supported by the fact that all known notes are remainders. Lyman Dayton, the bank's president, is featured at center.
St. Paul, MN- (Treasurer of) Ramsey County $3 18__ Hewitt D3-2 Remainder PMG Gem Uncirculated 65 EPQ.
These notes were issued between 1861 and 1863. There was only $240 outstanding in 1877. The $3 design features a detailed vignette of a pioneer family traveling to a new life on a log raft and an oval portrait of a Native American at lower right. There are a number of design elements printed in red including a protector panel containing a large red and white THREE.
These notes were issued between 1861 and 1863. There was only $240 outstanding in 1877. The $3 design features a detailed vignette of a pioneer family traveling to a new life on a log raft and an oval portrait of a Native American at lower right. There are a number of design elements printed in red including a protector panel containing a large red and white THREE.
Brandon, MS- Mississippi & Alabama Rail Road Company $1,000 Nov. 4, 1837 G36 Kraus 10127 PMG Very Fine 20.
The $1,000 was the highest denomination issued by the Mississippi & Alabama Rail Road Company. This beautiful Post Note features a vignette of allegorical figures with a beehive at center, Liberty with her pole and cap at left, and an eagle at right. PMG mentions stains. We auctioned a PMG Fine 12 example in May 2023 for $312. That figure should easily be outperformed tonight.
The $1,000 was the highest denomination issued by the Mississippi & Alabama Rail Road Company. This beautiful Post Note features a vignette of allegorical figures with a beehive at center, Liberty with her pole and cap at left, and an eagle at right. PMG mentions stains. We auctioned a PMG Fine 12 example in May 2023 for $312. That figure should easily be outperformed tonight.
Jackson, MS- State of Mississippi $10 Apr. 17, 1862 Cr. 4Ac PMG Very Fine 20.
At right is a female portrait, at center is a farming scene with horses and plowing tools, and at left is a depiction of Colonel M.D. Haynes, the state treasurer. A red-orange overprint completes the design. This note was issued in 1862 and payable in 1864. PMG mentions minor rust.
At right is a female portrait, at center is a farming scene with horses and plowing tools, and at left is a depiction of Colonel M.D. Haynes, the state treasurer. A red-orange overprint completes the design. This note was issued in 1862 and payable in 1864. PMG mentions minor rust.
Jackson, MS- State of Mississippi $20 Feb. 18, 1862 Cr. 3Ac PMG Very Fine 25.
Notes from this issue paid 10% interest. According to the text on the note, our current offering reached maturity on June 1, 1864. Like the $50 and $100 notes in the previous lots, this example was dated 1862 but payable in 1864. PMG mentions pinholes and minor rust.
Notes from this issue paid 10% interest. According to the text on the note, our current offering reached maturity on June 1, 1864. Like the $50 and $100 notes in the previous lots, this example was dated 1862 but payable in 1864. PMG mentions pinholes and minor rust.
Jackson, MS- State of Mississippi $50 Jan. 24, 1862 Cr. 2Ac PMG Very Fine 20.
Similar to the $100 in the previous lot, this $50 was dated 1862 but was payable in 1864. This series was most likely printed and delivered to the state in preparation for battle before the Civil War began. There are no noteworthy impairments on this example.
Similar to the $100 in the previous lot, this $50 was dated 1862 but was payable in 1864. This series was most likely printed and delivered to the state in preparation for battle before the Civil War began. There are no noteworthy impairments on this example.
Jackson, MS- State of Mississippi $100 Aug. 12, 1864 Remainder Cr. 49A PMG Choice Very Fine 35.
A lovely and rare Mississippi Obsolete, this high denomination note features a depiction of a harbor at Wilmington, NC. At all four corners are orange die counters. The back, printed in green, features a large "ONE HUNDRED" at center. J.T. Paterson, a firm located in Augusta, GA, which printed numerous Confederate Treasury Notes, was the producer of our current offering. PMG mentions that the serial number is added, and the date has also been falsely filled in.
A lovely and rare Mississippi Obsolete, this high denomination note features a depiction of a harbor at Wilmington, NC. At all four corners are orange die counters. The back, printed in green, features a large "ONE HUNDRED" at center. J.T. Paterson, a firm located in Augusta, GA, which printed numerous Confederate Treasury Notes, was the producer of our current offering. PMG mentions that the serial number is added, and the date has also been falsely filled in.
Jackson, MS- State of Mississippi $100 Jan. 24, 1862 Cr. 1Ac PMG Very Fine 30.
The $100 featured in this lot was the highest denomination authorized under the Act of January 26, 1861, to be issued by the Mississippi government. Dated 1862 but payable in 1864, this piece employs the use of red-orange overprints on the face, a common occurrence on notes printed by the ABNCo. PMG mentions toning.
The $100 featured in this lot was the highest denomination authorized under the Act of January 26, 1861, to be issued by the Mississippi government. Dated 1862 but payable in 1864, this piece employs the use of red-orange overprints on the face, a common occurrence on notes printed by the ABNCo. PMG mentions toning.
Jefferson City, MO- City of Jefferson $1 Sep. 1, 1875 Remainder PMG Choice Uncirculated 63 EPQ.
The ordinance authorizing this scrip was passed on August 6, 1875. A total of $10,000 was set as the amount to be issued with $6,000 in $1s and $4,000 in $2s determined to be the quantities making up that amount. The $1 Western Engraving Co. - St. Louis design features a survey crew at work in the center vignette flanked by a smaller vignette of Commerce at left and a large dog lying on top of a strong box at right symbolizing Fidelity at right. The face has a green border and protector panel, while the back has a decorative brown design.
The ordinance authorizing this scrip was passed on August 6, 1875. A total of $10,000 was set as the amount to be issued with $6,000 in $1s and $4,000 in $2s determined to be the quantities making up that amount. The $1 Western Engraving Co. - St. Louis design features a survey crew at work in the center vignette flanked by a smaller vignette of Commerce at left and a large dog lying on top of a strong box at right symbolizing Fidelity at right. The face has a green border and protector panel, while the back has a decorative brown design.
Lexington, MO- Farmers Bank of Missouri $20 18__ as G48a Proof PCGS Choice About New 55.
The bank was organized in 1857 and remained in business until sometime between 1868, when a stockholders' meeting was held to elect new directors, and 1872, when a sheriff's sale was held sell real estate held by the bank. The bank had branches at Liberty and Paris. The red-orange bank title, counters, and protectors combine to give this note a striking appearance. A portrait of bank President Robert Aull and an oval female portrait flank a center vignette depicting a farm couple seated by an oval profile portrait of Washington. The note is printed on India paper with four POCs in the signature lines, with PCGS noting some stains and tape repairs of tears on the back. There were, by one count, thirty-two examples of this note in the 1990 ABNCo Archives sale although this example resided in The Eric P. Newman Collection for decades before that event took place.
The bank was organized in 1857 and remained in business until sometime between 1868, when a stockholders' meeting was held to elect new directors, and 1872, when a sheriff's sale was held sell real estate held by the bank. The bank had branches at Liberty and Paris. The red-orange bank title, counters, and protectors combine to give this note a striking appearance. A portrait of bank President Robert Aull and an oval female portrait flank a center vignette depicting a farm couple seated by an oval profile portrait of Washington. The note is printed on India paper with four POCs in the signature lines, with PCGS noting some stains and tape repairs of tears on the back. There were, by one count, thirty-two examples of this note in the 1990 ABNCo Archives sale although this example resided in The Eric P. Newman Collection for decades before that event took place.
Saint Louis, MO- St. Louis & Illinois Team Boat Ferry 50¢ ND (ca, 1819-1821) Remainder PCGS Very Fine 20.
This is a very rare territorial period scrip note from an unusual issuer. The St. Louis & Illinois Team Boat Ferry used a unique motive system attached to a paddlewheel on the rear of the ferry for moving it across the Mississippi River, the power being supplied by a horse walking on a treadmill. This company, owned by Samuel Wiggins, was authorized by the Illinois legislature to have the exclusive rights to run a ferry along a two mile riverfront stretch in Illinois across from St. Louis by an act of March 2, 1819. The 50-cent note paid the fare for "neat cattle," for example, an ox. Notes from the series are not known signed and were printed by P. Maverick, Durand & Co. (1817-1820). The design is basic with the denomination appearing prominently across the face with two end panels, one containing ILLINOIS at left and the other MISSOURI at right. The note has several chips and small missing pieces as well as two internal body holes and is backed. The note, once part of the Western Reserve Historical Society and Eric P. Newman collections, was last auctioned for $204 in our Eric P. Newman VIII Currency Signature Auction in 2017 and should certainly meet or exceed that price this time around. A very rare and historically significant piece of St Louis and Illinois history.
This is a very rare territorial period scrip note from an unusual issuer. The St. Louis & Illinois Team Boat Ferry used a unique motive system attached to a paddlewheel on the rear of the ferry for moving it across the Mississippi River, the power being supplied by a horse walking on a treadmill. This company, owned by Samuel Wiggins, was authorized by the Illinois legislature to have the exclusive rights to run a ferry along a two mile riverfront stretch in Illinois across from St. Louis by an act of March 2, 1819. The 50-cent note paid the fare for "neat cattle," for example, an ox. Notes from the series are not known signed and were printed by P. Maverick, Durand & Co. (1817-1820). The design is basic with the denomination appearing prominently across the face with two end panels, one containing ILLINOIS at left and the other MISSOURI at right. The note has several chips and small missing pieces as well as two internal body holes and is backed. The note, once part of the Western Reserve Historical Society and Eric P. Newman collections, was last auctioned for $204 in our Eric P. Newman VIII Currency Signature Auction in 2017 and should certainly meet or exceed that price this time around. A very rare and historically significant piece of St Louis and Illinois history.
(Saint Louis, MO)- Bank of the State of Missouri, Payable at the Bank of America, New York $20 November 1, 1838 PCGS About New 50.
The bank was organized in 1837, with six branches. After being rechartered under the state's 1857 banking law, the bank operated with ten branches, including several in new locations. Its second period of operation ended in October 1866 when the bank became the National Bank of the State of Missouri. This note, from the first period of operation, which bears a vague resemblance to notes of the Bank of the United States, was payable at the Bank of America in New York. The center vignette depicts two allegorical women seated by a large strong box along with portraits of Missouri Senators Thomas Hart Benton and Lewis Fields Linn, along with Presidents Andrew Jackson and Martin Van Buren clockwise from upper left. This note bears serial number 6 and was part of a group acquired many years ago by Eric P. Newman. There are several hole punch cancellations in the signature area.
The bank was organized in 1837, with six branches. After being rechartered under the state's 1857 banking law, the bank operated with ten branches, including several in new locations. Its second period of operation ended in October 1866 when the bank became the National Bank of the State of Missouri. This note, from the first period of operation, which bears a vague resemblance to notes of the Bank of the United States, was payable at the Bank of America in New York. The center vignette depicts two allegorical women seated by a large strong box along with portraits of Missouri Senators Thomas Hart Benton and Lewis Fields Linn, along with Presidents Andrew Jackson and Martin Van Buren clockwise from upper left. This note bears serial number 6 and was part of a group acquired many years ago by Eric P. Newman. There are several hole punch cancellations in the signature area.
St. Louis, MO- Bank of the United States (2nd), St. Louis Branch Counterfeit $10 Branch Draft Oct. 3, 1823 UNL PMG Fine 12.
This branch draft on the St. Louis branch is from a rather poorly executed counterfeit plate whose engraving of the eagle and four female heads in the end panels is sub-par even for counterfeits from this bank. Notes from the St. Louis branch are, nonetheless, rarely seen in any form and are always popular with collectors. It is not unusual for notes from this branch to cross the auction block for four figures.
This branch draft on the St. Louis branch is from a rather poorly executed counterfeit plate whose engraving of the eagle and four female heads in the end panels is sub-par even for counterfeits from this bank. Notes from the St. Louis branch are, nonetheless, rarely seen in any form and are always popular with collectors. It is not unusual for notes from this branch to cross the auction block for four figures.
Helena, MT- Peoples National Bank of Helena, Montana $50 ND ca. 1870s Remainder PMG About Uncirculated 55 EPQ.
The Peoples National Bank of Helena was a short-lived banking venture which lasted from 1873-78. Bearing charter 2105, this bank issued Nationals, of which there are none extant today. Notes like the example in this lot were emitted as bearer notes, but in truth, they were Certificates of Deposit intended to circumnavigate Federal law. At center is a depiction of a farmer driving cattle and other livestock. This piece was printed by the NBNCo, and therefore, a very aesthetically pleasing design was utilized. The intricate and symmetric multicolored designs on both the face and back were made possible by Cyrus Durand's geometric lathe. PMG has granted this piece its "Exceptional Paper Quality" accolade for outstanding color and fully original paper.
The Peoples National Bank of Helena was a short-lived banking venture which lasted from 1873-78. Bearing charter 2105, this bank issued Nationals, of which there are none extant today. Notes like the example in this lot were emitted as bearer notes, but in truth, they were Certificates of Deposit intended to circumnavigate Federal law. At center is a depiction of a farmer driving cattle and other livestock. This piece was printed by the NBNCo, and therefore, a very aesthetically pleasing design was utilized. The intricate and symmetric multicolored designs on both the face and back were made possible by Cyrus Durand's geometric lathe. PMG has granted this piece its "Exceptional Paper Quality" accolade for outstanding color and fully original paper.
Brownville, NE- Nemaha Valley Bank $2 185_ G8 Proof PCGS About Uncirculated 55 Details.
The Nemaha Valley Bank was chartered on November, 10, 1856, and it remained in business until 1858. This scarce Wellstood, Hay & Whiting production features a Native American woman reclining at left, farmers with their horses at center, and a maiden with a pen and large book at lower right. We have offered several remainders with an orange overprint previously, but we have never offered a Proof of this design until now. This Proof variety with no overprint is unlisted in Haxby. PCGS Banknote mentions small edge repairs and reattached corners. We will estimate conservatively for this rarity.
The Nemaha Valley Bank was chartered on November, 10, 1856, and it remained in business until 1858. This scarce Wellstood, Hay & Whiting production features a Native American woman reclining at left, farmers with their horses at center, and a maiden with a pen and large book at lower right. We have offered several remainders with an orange overprint previously, but we have never offered a Proof of this design until now. This Proof variety with no overprint is unlisted in Haxby. PCGS Banknote mentions small edge repairs and reattached corners. We will estimate conservatively for this rarity.
Brownville, NE- Nemaha Valley Bank $3 Nov. 14, 1857 G10a PCGS Banknote Very Fine 30.
The bank was organized on the second try in 1856 and opened in November of the same year. The bank changed hands several times before having its charter revoked in May 1858. This fully issued, repair-free example features a young girl's portrait flanked two red 3 protectors with a vignette of a farm family watering their horses at left and a portrait of President Millard Fillmore at right. There is an indistinct oval banker's stamp at right center. There is writing in pencil on the back. Ex: Gerome Walton Collection.
The bank was organized on the second try in 1856 and opened in November of the same year. The bank changed hands several times before having its charter revoked in May 1858. This fully issued, repair-free example features a young girl's portrait flanked two red 3 protectors with a vignette of a farm family watering their horses at left and a portrait of President Millard Fillmore at right. There is an indistinct oval banker's stamp at right center. There is writing in pencil on the back. Ex: Gerome Walton Collection.
Florence, NE- Bank of Florence $3 18__ Remainder G6a PCGS Banknote Superb Gem Unc 67 PPQ.
We have auctioned only a handful of this Toppan, Carpenter & Co. production in Superb Gem Uncirculated or higher grades over the years. This piece is tied with two other notes for finest certified by PCGS Banknote, according to their population report.
We have auctioned only a handful of this Toppan, Carpenter & Co. production in Superb Gem Uncirculated or higher grades over the years. This piece is tied with two other notes for finest certified by PCGS Banknote, according to their population report.
Nebraska City, NE (Territory)- Platte Valley Bank $1 July 1, 1856 G2a PCGS Banknote Very Good 10.
The Platte Valley Bank was chartered on January 18, 1856. The incorporators, interestingly enough, were also part of the legislature which approved the charter for the bank. It closed in 1860, and, in a gesture not often seen in banks of this era, redeemed all its notes at face value. A vignette of a hunter and his dog is at left, a portrait of President Millard Fillmore is at right, and the famous depiction of the Landing of Roger Williams in present day Rhode Island is at center. A red ONE overprint at bottom center completes the design. A St. Louis banker's stamp is present at left. This is a very rare note. We auctioned the Newman example, a PCGS VF 20 with small repairs, in November 2021 for $576.
The Platte Valley Bank was chartered on January 18, 1856. The incorporators, interestingly enough, were also part of the legislature which approved the charter for the bank. It closed in 1860, and, in a gesture not often seen in banks of this era, redeemed all its notes at face value. A vignette of a hunter and his dog is at left, a portrait of President Millard Fillmore is at right, and the famous depiction of the Landing of Roger Williams in present day Rhode Island is at center. A red ONE overprint at bottom center completes the design. A St. Louis banker's stamp is present at left. This is a very rare note. We auctioned the Newman example, a PCGS VF 20 with small repairs, in November 2021 for $576.
Omaha, NE- Omaha and Chicago Bank $5 July 1, 1861 G8a Proprietary Proof PCGS Banknote Gem Unc 65 PPQ.
This short-lived bank was in operation from 1856-57 until around 1861-62. Our current Proprietary Proof offering features a large vignette of miners at work, along with green "FIVE" and "5" overprints. This example is made unique by the fact that the green "FIVE" overprint is shifted at an odd angle. We last offered a note of this design in June 2020, when a PMG 66 EPQ example realized $360.
This short-lived bank was in operation from 1856-57 until around 1861-62. Our current Proprietary Proof offering features a large vignette of miners at work, along with green "FIVE" and "5" overprints. This example is made unique by the fact that the green "FIVE" overprint is shifted at an odd angle. We last offered a note of this design in June 2020, when a PMG 66 EPQ example realized $360.
Omaha, NE- Omaha and Chicago Bank $10 May 1, 1861 Haxby UNL Proprietary Proof PMG Superb Gem Unc 67 EPQ.
This Proprietary Proof commemorates a design that is not listed in the Haxby books. At left and right are female portraits, and at center is a depiction of farmers with their livestock. Green overprints complete the layout.
This Proprietary Proof commemorates a design that is not listed in the Haxby books. At left and right are female portraits, and at center is a depiction of farmers with their livestock. Green overprints complete the layout.
Omaha, NE (Terr.)- Omaha City Bank and Land Co. $1 18__ G2a Proof PCGS Banknote Choice Unc 63.
This scarce and ornate Proof originates from a bank which only lasted from 1858-59. At center are two Native Americans hunting deer, at left is a farmer with a large scythe, and at right is a child with a family of rabbits. A red tint completes the design. There are four POCs in the signature lines. The last $1 Proof from this institution that we offered was a PMG 66 EPQ that realized $780 in April 2020.
This scarce and ornate Proof originates from a bank which only lasted from 1858-59. At center are two Native Americans hunting deer, at left is a farmer with a large scythe, and at right is a child with a family of rabbits. A red tint completes the design. There are four POCs in the signature lines. The last $1 Proof from this institution that we offered was a PMG 66 EPQ that realized $780 in April 2020.
Omaha, NE (Terr.)- Omaha City Bank and Land Co. $2 18__ G4a Proof PMG Gem Uncirculated 65 EPQ.
Based on newspapers from the era, it can be determined that this bank most likely operated from 1858-59. At left is a portrait of a young girl with both chickens and ducks, in the center are two farmers conversing while they work, and to the right is another young female. We have offered just two examples, including this piece, of $2 Proofs from this institution in the past, and we are aware of a total of three extant.
Based on newspapers from the era, it can be determined that this bank most likely operated from 1858-59. At left is a portrait of a young girl with both chickens and ducks, in the center are two farmers conversing while they work, and to the right is another young female. We have offered just two examples, including this piece, of $2 Proofs from this institution in the past, and we are aware of a total of three extant.
Omaha, NE (Terr.)- Territory of Nebraska $8.00 Treasury Warrant Mar. 9, 1863 PMG Very Fine 30.
This large format Treasury Warrant has a vignette of Ceres kneeling with a Native American woman at left and is printed in black with a green lace tint and a drab overprint TERRITORY NEBRASKA / TREASURY WARRANT surrounding a large seal, The words TERRITORY and NEBRASKA are done in letters covered with the Stars and Stripes of the national flag. The back has a number of endorsements. This large format certificate shows surprisingly few signs of handling.
This large format Treasury Warrant has a vignette of Ceres kneeling with a Native American woman at left and is printed in black with a green lace tint and a drab overprint TERRITORY NEBRASKA / TREASURY WARRANT surrounding a large seal, The words TERRITORY and NEBRASKA are done in letters covered with the Stars and Stripes of the national flag. The back has a number of endorsements. This large format certificate shows surprisingly few signs of handling.
Omaha City, NE (Territory)- Bank of Nebraska $1 18__ Haxby UNL Proof PCGS Banknote Choice Uncirculated 64 Details.
Our current offering, which is unlisted in the Haxby reference, hails from a bank which lasted four short years. Located on the southeast corner of 12th and Farnam Streets, the Bank of Nebraska opened in 1856 and lasted until 1860, when lawsuits by individuals conducting business with the firm took their toll on its operations. This Proof features an allegorical female at left, Ceres with a sickle and bundle of wheat at center, and a portrait of Daniel Webster at right. There is no overprint present. PCGS Banknote mentions the presence of small repaired edge tears.
Our current offering, which is unlisted in the Haxby reference, hails from a bank which lasted four short years. Located on the southeast corner of 12th and Farnam Streets, the Bank of Nebraska opened in 1856 and lasted until 1860, when lawsuits by individuals conducting business with the firm took their toll on its operations. This Proof features an allegorical female at left, Ceres with a sickle and bundle of wheat at center, and a portrait of Daniel Webster at right. There is no overprint present. PCGS Banknote mentions the presence of small repaired edge tears.
Virginia City, NV- Wells Fargo & Co. $5 Lottery Drawing Ticket ND (1870s) PMG Very Fine 30.
A fantastic western Americana piece. This ticket served as an entrance ticket to a concert and as a lottery ticket at an event that was being sponsored by Wells Fargo & Co. being held for the benefit of the state Insane Asylum. Now that is certainly neat enough, but there is more - much, much more.... The back design is a faithful copy of the gold coin back design used on National Gold Bank Notes. Although PMG mentions some splits, this certificate has a lot going for it: its location, intended beneficiary, and spectacular back design and we expect significant bidding interest tonight.
A fantastic western Americana piece. This ticket served as an entrance ticket to a concert and as a lottery ticket at an event that was being sponsored by Wells Fargo & Co. being held for the benefit of the state Insane Asylum. Now that is certainly neat enough, but there is more - much, much more.... The back design is a faithful copy of the gold coin back design used on National Gold Bank Notes. Although PMG mentions some splits, this certificate has a lot going for it: its location, intended beneficiary, and spectacular back design and we expect significant bidding interest tonight.
Concord, NH- O.C. Coffin-American House 3¢ Oct. 1, 1863 Lafond 190-00.03-1 PMG Choice Fine 15.
Coffin moved to Concord and rented the American House hotel which he continued to run until April 1867. The 3¢ note which he issued has vignette of the hotel, which was located at the corner of North Main and Park Streets in Concord, on the back. Lafond's census indicates a surviving population of right around 10 notes.
Coffin moved to Concord and rented the American House hotel which he continued to run until April 1867. The 3¢ note which he issued has vignette of the hotel, which was located at the corner of North Main and Park Streets in Concord, on the back. Lafond's census indicates a surviving population of right around 10 notes.
Concord, NH- Merrimack County Bank $5 18__ as G46 Proof PMG Choice Uncirculated 64.
A striking vignette of Liberty reclining by an eagle is the centerpiece of this sharp black and white Proof which is unlisted in Haxby. While we have handled several production notes of this design in the past, this is the only Proof that we have been able to offer. This is the lone piece graded by PMG.
A striking vignette of Liberty reclining by an eagle is the centerpiece of this sharp black and white Proof which is unlisted in Haxby. While we have handled several production notes of this design in the past, this is the only Proof that we have been able to offer. This is the lone piece graded by PMG.
Concord, NH- T.G. Wyatt 3¢ July 20, 1863 PMG Choice Fine 15.
We have offered notes from this issuer just three times prior to now. Our current offering is well circulated but intact with plenty of nice eye appeal.
We have offered notes from this issuer just three times prior to now. Our current offering is well circulated but intact with plenty of nice eye appeal.
Portsmouth, NH- New-Hampshire Bank Counterfeits $10 (2) Aug. 25, 1802; Nov. 4, 1802 Good or Better, Mounted on Letters.
The first piece details that one Miller Fish received the counterfeit $10 New-Hampshire Bank Obsolete attached to the letter from Henry Butler. Butler declared that it was genuine. A. Kingsbury signed as witness. On the second item, which is similar to the first, Kingsbury again signed for witness and penned that the scribe of Stephen Willard was given the counterfeit note attached to that letter by Joseph Stillman. Both notes have tears and small pieces missing.
The first piece details that one Miller Fish received the counterfeit $10 New-Hampshire Bank Obsolete attached to the letter from Henry Butler. Butler declared that it was genuine. A. Kingsbury signed as witness. On the second item, which is similar to the first, Kingsbury again signed for witness and penned that the scribe of Stephen Willard was given the counterfeit note attached to that letter by Joseph Stillman. Both notes have tears and small pieces missing.
Beverly, NJ- Beverly Bank $2 July 4, 1861 G8a PMG Choice Very Fine 35.
An attractive vignette of two horses frolicking is featured at center on this higher grade New Jersey Obsolete. A red and white TWO overprint is at bottom center, and a portrait of Benjamin Franklin graces the right side. There is also a depiction of a Revolutionary War soldier at left. PMG mentions pinholes and evidence of a previous mounting.
An attractive vignette of two horses frolicking is featured at center on this higher grade New Jersey Obsolete. A red and white TWO overprint is at bottom center, and a portrait of Benjamin Franklin graces the right side. There is also a depiction of a Revolutionary War soldier at left. PMG mentions pinholes and evidence of a previous mounting.
Cape May C.H., NJ- American Exchange Bank $1 Jan. 1, 1852 as G2 Proof PMG Choice Uncirculated 63.
The bank appears to have been organized circa late 1851. It remained in business for only a short time before being closed by state authorities on May 21, 1853. The bank's circulation was redeemed at the state treasurer's office with available money from the trust fund. The notes are listed in Haxby with the highest level of uncertainty (NDA - No Description Available) and only came to light with the 1990 ABNCo Archives sale. The $1 design features a vignette of Agriculture and Liberty with ships and a train in the background. This is flanked by the state banking die at left and an oval male portrait at right. The note is printed on India paper mounted on cardstock with four POCs in the signature lines (one of which is not punched through), and is one of eighteen examples of this denomination and variety appearing in the 1990 ABNCo Archives sale. PMG mentions stains that only impact the cardstock, with no effect on the note itself.
The bank appears to have been organized circa late 1851. It remained in business for only a short time before being closed by state authorities on May 21, 1853. The bank's circulation was redeemed at the state treasurer's office with available money from the trust fund. The notes are listed in Haxby with the highest level of uncertainty (NDA - No Description Available) and only came to light with the 1990 ABNCo Archives sale. The $1 design features a vignette of Agriculture and Liberty with ships and a train in the background. This is flanked by the state banking die at left and an oval male portrait at right. The note is printed on India paper mounted on cardstock with four POCs in the signature lines (one of which is not punched through), and is one of eighteen examples of this denomination and variety appearing in the 1990 ABNCo Archives sale. PMG mentions stains that only impact the cardstock, with no effect on the note itself.
Frenchtown, NJ- (W. Uhler?) at Union Bank 25¢ Oct. 27, 1862 Wait 658 Remainder PMG Uncirculated 62.
There are several possibilities regarding this note and issuer. Scholars believe, after studying several notes from this series, that the issuer's signature belongs to a merchant with the last name of Uhler. The first initial(s) are difficult to discern, but most often interpreted as W., M., or W.F. Information about Uhler is also unknown, with no viable matches in the period's census records. In any case, this piece is scarce. In fact, we have auctioned this design and denomination just once before. That offering, which was graded PMG Choice VF 35 with stains, appeared in October 2023 and realized $204. PMG mentions evidence of a prior mounting on the note in this lot.
There are several possibilities regarding this note and issuer. Scholars believe, after studying several notes from this series, that the issuer's signature belongs to a merchant with the last name of Uhler. The first initial(s) are difficult to discern, but most often interpreted as W., M., or W.F. Information about Uhler is also unknown, with no viable matches in the period's census records. In any case, this piece is scarce. In fact, we have auctioned this design and denomination just once before. That offering, which was graded PMG Choice VF 35 with stains, appeared in October 2023 and realized $204. PMG mentions evidence of a prior mounting on the note in this lot.
Hackensack, NJ- Stock Security Bank $2 18__ as G4a Proof PMG Choice Uncirculated 64 EPQ.
This bank's corporate life was numbered in months. The bank went into operation as a free bank in April 1858 and was placed in receivership in August of the same year. The $2 design features a vignette of two women seated representing Agriculture and Industry titled The Twins at center flanked by a vignette of a sailor doffing his hat at left and the state banking die at right. A large red TWO protector completes the design. The note is printed on India paper with four POCs in the signature lines. There were eleven examples of this note spread across several lots in the 1990 ABNCo Archives sale.
This bank's corporate life was numbered in months. The bank went into operation as a free bank in April 1858 and was placed in receivership in August of the same year. The $2 design features a vignette of two women seated representing Agriculture and Industry titled The Twins at center flanked by a vignette of a sailor doffing his hat at left and the state banking die at right. A large red TWO protector completes the design. The note is printed on India paper with four POCs in the signature lines. There were eleven examples of this note spread across several lots in the 1990 ABNCo Archives sale.
Hoboken, NJ- Hoboken City Bank $10 18__ as G10a Proof PMG Choice Uncirculated 64.
The bank was organized in 1857 and remained in business until becoming the First National Bank of Hoboken in 1865. The $10 features a vignette of two shipyard workers taking a break with a passenger train vignette and the state free banking die at left, and an oval vignette of a young girl shading her eyes at right. The note has an overall brown-orange tint and orange and white numerical protectors and is printed on India paper with four POCs in the signature lines.
The bank was organized in 1857 and remained in business until becoming the First National Bank of Hoboken in 1865. The $10 features a vignette of two shipyard workers taking a break with a passenger train vignette and the state free banking die at left, and an oval vignette of a young girl shading her eyes at right. The note has an overall brown-orange tint and orange and white numerical protectors and is printed on India paper with four POCs in the signature lines.
Hoboken, NJ- Hoboken City Bank $50 18__ G12aP Proof PMG About Uncirculated 53 EPQ.
This lovely high denomination Proof features a male portrait at left, a mother with her children surrounded by livestock at center, and a female portrait at right. The New Jersey Treasury seal is at upper right, and a red tint completes the aesthetically attractive design. We auctioned this Proof as part of an uncut sheet of four Proofs from this bank in January 2024. The sheet realized $1,380. There are four punch cancels in the signature lines.
This lovely high denomination Proof features a male portrait at left, a mother with her children surrounded by livestock at center, and a female portrait at right. The New Jersey Treasury seal is at upper right, and a red tint completes the aesthetically attractive design. We auctioned this Proof as part of an uncut sheet of four Proofs from this bank in January 2024. The sheet realized $1,380. There are four punch cancels in the signature lines.
Jersey City, NJ- Morris Canal & Banking Company (of 1844) 8 Shares Consolidated Stock Certificate Aug. 15, 1860 Very Fine.
The year 1844 corresponded to the year that banking privileges were dropped when the company reorganized. This certificate features multiple vignettes of canal infrastructure and the New Jersey coat of arms along with a red-orange CONSOLIDATED protector across the face. The certificate has a round black cancel stamp, a couple of trivial ink spills and a small fold split at top center. This is our first offering of this stock certificate type in two decades.
The year 1844 corresponded to the year that banking privileges were dropped when the company reorganized. This certificate features multiple vignettes of canal infrastructure and the New Jersey coat of arms along with a red-orange CONSOLIDATED protector across the face. The certificate has a round black cancel stamp, a couple of trivial ink spills and a small fold split at top center. This is our first offering of this stock certificate type in two decades.
Middletown Point, NJ- Key Port & Middletown Point Steamboat Co./Farmers' and Merchants' Bank 5¢ (2); 10¢ (4); 25¢ (8); 50¢ (4) Nov. 20, 1862 Uncut Sheet Very Fine.
Our first full uncut sheet offering from this issuer, the notes in this lot, which all bear serial number 990, feature a vignette of a steamboat at left. There are several archival tape repaired tears and splits on the back, with the largest being at left.
Our first full uncut sheet offering from this issuer, the notes in this lot, which all bear serial number 990, feature a vignette of a steamboat at left. There are several archival tape repaired tears and splits on the back, with the largest being at left.
Newark, NJ- Mechanics Bank at Newark $5 186_ G24 Remainder PMG Very Fine 25.
The Mechanics Bank at Newark was incorporated in 1831, operating until 1865. It then became the Mechanics NB of Newark, charter 1251. Our current offering, printed by the Union BNCo, is a design we have not auctioned previously. At center is a depiction of Ceres with a cornucopia and Liberty with her pole and cap. Ornate "5" die counters are at right, and the face is adorned by orange overprints throughout. PMG mentions three punch cancels in the signature lines as well as pinholes.
The Mechanics Bank at Newark was incorporated in 1831, operating until 1865. It then became the Mechanics NB of Newark, charter 1251. Our current offering, printed by the Union BNCo, is a design we have not auctioned previously. At center is a depiction of Ceres with a cornucopia and Liberty with her pole and cap. Ornate "5" die counters are at right, and the face is adorned by orange overprints throughout. PMG mentions three punch cancels in the signature lines as well as pinholes.
Paterson, NJ- Peoples' Bank of Paterson $6; $7; $8; $9 18__ G40; G42; G44; G46 Remainders Extremely Fine-About Uncirculated.
The bank was organized circa 1824 and remained in business until failing and being placed in receivership in early October 1851. While these notes are one of the more common odd denomination $6, $7, $8, and $9 notes, they are still very popular and in demand. Each note has one or two sheet folds.
The bank was organized circa 1824 and remained in business until failing and being placed in receivership in early October 1851. While these notes are one of the more common odd denomination $6, $7, $8, and $9 notes, they are still very popular and in demand. Each note has one or two sheet folds.
Albany, NY- Boardman Gray & Co. "150" Advertising Note ND Vlack 1895 PMG Extremely Fine 40 EPQ.
Boardman, Gray & Co. was a pioneering piano manufacturer in Albany, NY that was founded in 1837 and remained in business for some 125 years. This wonderful advertising note appears to date from around perhaps the 1860s or 1870s and depicts the firm's factory flanked by vignettes of the Young America Cottage $150 Piano Forte at left, and a vignette of a young boy playing a drum, epitomizing the Young America brand. The note has a number of the design elements printed in green including a large $150 "protector," three denominational counters, and the text ELEGANT PIANOS WARRANTED. A beautifully preserved note that enjoys the rarely seen EPQ designation from PMG on advertising notes. The low quality paper often used on these advertising pieces frequently precludes this from being bestowed. This is our first offering of this spectacular advertising note.
Boardman, Gray & Co. was a pioneering piano manufacturer in Albany, NY that was founded in 1837 and remained in business for some 125 years. This wonderful advertising note appears to date from around perhaps the 1860s or 1870s and depicts the firm's factory flanked by vignettes of the Young America Cottage $150 Piano Forte at left, and a vignette of a young boy playing a drum, epitomizing the Young America brand. The note has a number of the design elements printed in green including a large $150 "protector," three denominational counters, and the text ELEGANT PIANOS WARRANTED. A beautifully preserved note that enjoys the rarely seen EPQ designation from PMG on advertising notes. The low quality paper often used on these advertising pieces frequently precludes this from being bestowed. This is our first offering of this spectacular advertising note.
Brooklyn, NY- Nassau Hotel 25¢ ND (ca. 1862-63) Harris 54 Remainder PMG Very Fine 20.
The Nassau Hotel was a popular venue during the 1850s and 1860s, located at the corner of Nassau and Hudson Streets. This 25¢ remainder, which features a vignette of Liberty seated by a federal shield and cornucopia, indicates that it is a "medium of exchange" suggesting that this note was planned for use after the passage of the Stamp Payments Act of 1862, passed in July of that year, which prohibited the private issue of scrip. We are unaware of additional examples of this note at present.
The Nassau Hotel was a popular venue during the 1850s and 1860s, located at the corner of Nassau and Hudson Streets. This 25¢ remainder, which features a vignette of Liberty seated by a federal shield and cornucopia, indicates that it is a "medium of exchange" suggesting that this note was planned for use after the passage of the Stamp Payments Act of 1862, passed in July of that year, which prohibited the private issue of scrip. We are unaware of additional examples of this note at present.
Buffalo, NY- Bank of America of D. Davidson $1 Oct. 11, 1852 Remainder PMG Choice Very Fine 35 EPQ.
D. Davidson emitted this piece from Chicago, IL, but it is payable in New York at the Bank of America, similar to the $3 we are also offering in this auction. At left is a portrait of Marquis de Lafayette, at center is a bald eagle perched on a tree, and at right is Liberty with her pole and cap. We have auctioned just one example from this issuer prior to now.
D. Davidson emitted this piece from Chicago, IL, but it is payable in New York at the Bank of America, similar to the $3 we are also offering in this auction. At left is a portrait of Marquis de Lafayette, at center is a bald eagle perched on a tree, and at right is Liberty with her pole and cap. We have auctioned just one example from this issuer prior to now.
Buffalo, NY- Bank of America of D. Davidson $3 Oct. 11, 1852 Remainder PMG Choice Very Fine 35 EPQ.
This enigmatic New York note was issued by D. Davidson, an individual located in Chicago, IL. However, the note was payable at the Bank of America in Buffalo, NY. At left is a portrait of Benjamin Franklin, at center is a Native American maiden reclining by an eagle and shield, and at right is a steam locomotive. We have only auctioned one note from this issuer previously. That piece, which was a $1, graded PCGS Apparent VF 35 and realized $411 in April 2013. Our current offering features completely original, bright white paper and is problem free.
This enigmatic New York note was issued by D. Davidson, an individual located in Chicago, IL. However, the note was payable at the Bank of America in Buffalo, NY. At left is a portrait of Benjamin Franklin, at center is a Native American maiden reclining by an eagle and shield, and at right is a steam locomotive. We have only auctioned one note from this issuer previously. That piece, which was a $1, graded PCGS Apparent VF 35 and realized $411 in April 2013. Our current offering features completely original, bright white paper and is problem free.
Le Roy, NY- Genesee County Bank $3-$10 18__ as G8-as G14 Uncut Proof Pair PMG About Uncirculated 50.
The bank was organized in 1839 and remained in business until 1865 when it became the First National Bank of Le Roy. The $3 design features a vignette of a farmer plowing, flanked by a portrait of Franklin and a vignette of Ceres while the $10 depicts the Presentation of the Declaration of Independence flanked by portraits of New York Governor DeWitt Clinton and Andrew Jackson. The sheet is printed on India paper with six POCs in the signature lines of each note. Paper pulls at two of these have resulted in paper loss. Five of these sheets appeared in the 1990 ABNCo Archives sale. There, the lot descriptions are in error, listing the sheets as $1-$3 instead of $3-$10 (the Haxby catalog numbers are correct for $3 and $10). In your cataloger's opinion these are not partial sheets, but rather two subject sheets simply because there are seven examples of two varieties (with and without red protectors) in the sale. The hallmark maroon ABNCo property stamps verify the provenance of this sheet to that sale. Of the five sheets in the sale, at least two have been subsequently cut as evidenced by single notes, one on card and one on paper with the property stamp.
The bank was organized in 1839 and remained in business until 1865 when it became the First National Bank of Le Roy. The $3 design features a vignette of a farmer plowing, flanked by a portrait of Franklin and a vignette of Ceres while the $10 depicts the Presentation of the Declaration of Independence flanked by portraits of New York Governor DeWitt Clinton and Andrew Jackson. The sheet is printed on India paper with six POCs in the signature lines of each note. Paper pulls at two of these have resulted in paper loss. Five of these sheets appeared in the 1990 ABNCo Archives sale. There, the lot descriptions are in error, listing the sheets as $1-$3 instead of $3-$10 (the Haxby catalog numbers are correct for $3 and $10). In your cataloger's opinion these are not partial sheets, but rather two subject sheets simply because there are seven examples of two varieties (with and without red protectors) in the sale. The hallmark maroon ABNCo property stamps verify the provenance of this sheet to that sale. Of the five sheets in the sale, at least two have been subsequently cut as evidenced by single notes, one on card and one on paper with the property stamp.
Monticello, NY- Sullivan County Bank Counterfeit $5 Oct. 8, 1850 C6 PMG Very Fine 25.
The bank was organized in 1850 and remained in business until 1852 when it apparently went into voluntarily liquidation. The cause was likely that it had a large proportion of its underlying securities in the form of NY Canal Revenue Certificates which became unsuitable for use in 1852 after a court ruling. Rather than provide acceptable replacement securities or return $15,000 in circulation, the bank evidently chose to liquidate. As if the bank did not already have enough troubles, it was the target of this decent quality counterfeit that depicts America seated, surrounded by the symbols of commerce, agriculture, finance, and the nation at center. Liberty stands by a large 5 at right and the state Comptroller's Office die is at left. While the eyes on America are a bit off, this would have been a dangerous counterfeit.
The bank was organized in 1850 and remained in business until 1852 when it apparently went into voluntarily liquidation. The cause was likely that it had a large proportion of its underlying securities in the form of NY Canal Revenue Certificates which became unsuitable for use in 1852 after a court ruling. Rather than provide acceptable replacement securities or return $15,000 in circulation, the bank evidently chose to liquidate. As if the bank did not already have enough troubles, it was the target of this decent quality counterfeit that depicts America seated, surrounded by the symbols of commerce, agriculture, finance, and the nation at center. Liberty stands by a large 5 at right and the state Comptroller's Office die is at left. While the eyes on America are a bit off, this would have been a dangerous counterfeit.
New York, NY- American Exchange Bank $5 18__ G20aP Proof PMG Choice Uncirculated 63.
A near-Gem example of this green-tinted Proof from a long-lived New York City bank that nationalized in 1865. Produced by the ABNCo, it is mounted on cardstock and is certainly an impressive example of the engraver's craft. The POCs in this Proof are located in the usual signature areas.
A near-Gem example of this green-tinted Proof from a long-lived New York City bank that nationalized in 1865. Produced by the ABNCo, it is mounted on cardstock and is certainly an impressive example of the engraver's craft. The POCs in this Proof are located in the usual signature areas.
New York, NY- Bull's Head Bank of the City of New York $1 Jan. 1, 1863 G2c PMG Choice Fine 15.
The bank was organized in 1854 and remained a state bank, later without issue, until January 1, 1878 when it voluntarily closed its doors after suffering continued losses. It appears that the depositors were made whole. The bank is numismatically best known for the numerous counterfeits which it attracted, but importantly this $1 is not one of them. A careful examination of the frame around the bull's head vignette reveals microprinting which is not present on counterfeits from this bank. The bull's head vignette is flanked by two red 1 protectors. A vignette of cattle being herded down a road lined with telegraph poles is at lower left and the state Bank Department die is at lower right. The note is a pleasant evenly circulated example that is free of both repairs and meaningful impairments.
The bank was organized in 1854 and remained a state bank, later without issue, until January 1, 1878 when it voluntarily closed its doors after suffering continued losses. It appears that the depositors were made whole. The bank is numismatically best known for the numerous counterfeits which it attracted, but importantly this $1 is not one of them. A careful examination of the frame around the bull's head vignette reveals microprinting which is not present on counterfeits from this bank. The bull's head vignette is flanked by two red 1 protectors. A vignette of cattle being herded down a road lined with telegraph poles is at lower left and the state Bank Department die is at lower right. The note is a pleasant evenly circulated example that is free of both repairs and meaningful impairments.
New York, NY- California Segar Store 50¢ July 15, 1862 Harris UNL Remainder PMG Choice Uncirculated 63.
Driven by a chronic shortage of coins with which to conduct day-to-day commerce, the wonderfully named California Segar Store issued scrip like this 50¢ note which is unlisted in Harris. It features a faithful copy of the reverse of a Seated Liberty half dollar, paired with a portrait of Washington. A large green protector with smaller green side dies completes the design. A nice add to any collection with a wonderful name and an excellent coin vignette in nice condition, with just a single POC worth mentioning.
Driven by a chronic shortage of coins with which to conduct day-to-day commerce, the wonderfully named California Segar Store issued scrip like this 50¢ note which is unlisted in Harris. It features a faithful copy of the reverse of a Seated Liberty half dollar, paired with a portrait of Washington. A large green protector with smaller green side dies completes the design. A nice add to any collection with a wonderful name and an excellent coin vignette in nice condition, with just a single POC worth mentioning.
New York, NY- Chelsea Bank $50 18__ UNL Proof PMG Choice Uncirculated 64.
The bank was organized in 1839 and quickly "blew up," refusing to redeem its notes in specie in September of the same year. Placed in receivership, the bank's circulation was secured by Arkansas bonds that were sold by state authorities to redeem the notes presented. The bank's notes were being purchased by brokers in 1842 for 76¢ on the dollar. The $50 design features a sailor holding a musket standing with two Native American males flanked by two oval cameo-like medallion head 50 counters. Allegorical vignettes of Liberty and Industry appear in the left and right end panels. The note is printed on India paper mounted on cardstock and was one of two examples of this note to appear in the 1990 ABNCo Archives sale as part of Lot 1195. It is very likely that these are the only surviving examples in Proof form. This design seems to have at least been envisioned for use by a number of banks in New York City, perhaps as part of a standardized design thought process.
The bank was organized in 1839 and quickly "blew up," refusing to redeem its notes in specie in September of the same year. Placed in receivership, the bank's circulation was secured by Arkansas bonds that were sold by state authorities to redeem the notes presented. The bank's notes were being purchased by brokers in 1842 for 76¢ on the dollar. The $50 design features a sailor holding a musket standing with two Native American males flanked by two oval cameo-like medallion head 50 counters. Allegorical vignettes of Liberty and Industry appear in the left and right end panels. The note is printed on India paper mounted on cardstock and was one of two examples of this note to appear in the 1990 ABNCo Archives sale as part of Lot 1195. It is very likely that these are the only surviving examples in Proof form. This design seems to have at least been envisioned for use by a number of banks in New York City, perhaps as part of a standardized design thought process.
New York, NY- Chelsea Bank $50 Post Note Oct. 16, 1839 G20 PMG Choice Fine 15.
An exciting opportunity, this is the first $50 post note example we have offered from this issuer which opened in 1839 only to fail in 1840. Low serial number 32 together with the October 1839 date bring that timeline a bit further into focus. We previously offered a $100 G16 Proof demand note from the bank which realized $516 in 2020. This beautifully engraved, fully issued post note has been cancelled by cutting away the president's signature at bottom right.
An exciting opportunity, this is the first $50 post note example we have offered from this issuer which opened in 1839 only to fail in 1840. Low serial number 32 together with the October 1839 date bring that timeline a bit further into focus. We previously offered a $100 G16 Proof demand note from the bank which realized $516 in 2020. This beautifully engraved, fully issued post note has been cancelled by cutting away the president's signature at bottom right.
New York, NY- Chelsea Bank $100 18__ as G16 Proof PMG Choice Uncirculated 63.
The $100 design features Justice and Liberty seated by a shield and eagle flanked by oval cameo-like medallion head 100 counters. Justice appears in the left end panel while the right end panel contains the denomination, ONE HUNDRED. The note is printed on India paper mounted on cardstock. At least in Proof form, this base design seems to have been envisioned for multiple banks in New York City, possibly in an attempt to provide standardized designs. There were two examples of this note in the 1990 ABNCo Archives sale as part of Lot 1195 in the form of what was still then an uncut two subject sheet. We are unaware of any other examples at present.
The $100 design features Justice and Liberty seated by a shield and eagle flanked by oval cameo-like medallion head 100 counters. Justice appears in the left end panel while the right end panel contains the denomination, ONE HUNDRED. The note is printed on India paper mounted on cardstock. At least in Proof form, this base design seems to have been envisioned for multiple banks in New York City, possibly in an attempt to provide standardized designs. There were two examples of this note in the 1990 ABNCo Archives sale as part of Lot 1195 in the form of what was still then an uncut two subject sheet. We are unaware of any other examples at present.
New York, NY- Chemical Bank $1-$1-$1-$1 18__ G6 x4 Uncut Sheet Proof PMG Choice About Unc 58.
Originally known as the New York Chemical Manufacturing Company, the bank was organized in 1823 and continued in business until becoming the Chemical National Bank of New York in 1865. The $1 design features an allegorical woman floating with an eagle, federal shield, and the Stars and Stripes. Each end contains an ornate end panel with a portrait of the Christ Child. The sheet is printed on India paper mounted on cardstock with four POCs in the signature lines of each note. There was one uncut sheet of this design variety (there were two different varieties of the $1 in the sale) in Lot 1200 in the 1990 ABNCo Archives sale but it was listed as being printed directly on card. Haxby also cataloged and illustrated this note in Proof form in the New York section of his 1988 catalog and so the exact number of extant uncut sheets is unclear, but surely cannot be more than maybe two or three.
Originally known as the New York Chemical Manufacturing Company, the bank was organized in 1823 and continued in business until becoming the Chemical National Bank of New York in 1865. The $1 design features an allegorical woman floating with an eagle, federal shield, and the Stars and Stripes. Each end contains an ornate end panel with a portrait of the Christ Child. The sheet is printed on India paper mounted on cardstock with four POCs in the signature lines of each note. There was one uncut sheet of this design variety (there were two different varieties of the $1 in the sale) in Lot 1200 in the 1990 ABNCo Archives sale but it was listed as being printed directly on card. Haxby also cataloged and illustrated this note in Proof form in the New York section of his 1988 catalog and so the exact number of extant uncut sheets is unclear, but surely cannot be more than maybe two or three.
New York, NY- Marine Bank of the City of New York $1 Apr. 25, 1862 G2d PMG Very Fine 20.
The Marine Bank of the City of New York was organized in 1853 and remained in business until becoming the Marine National Bank of the City of New York in 1865. The note features, appropriately enough, a large vignette of a sidewheel ocean-going steamer. In addition, the state bank department die and a portrait of Walter R. Jones (1793-1855), who was heavily involved in marine insurance, shipbuilding, and whaling before his death, also appeared on the note. The note, which carries the ABNCo imprint, has a green and white ONE security panel. This fully issued note is evenly circulated and free of any repairs or meaningful distractions.
The Marine Bank of the City of New York was organized in 1853 and remained in business until becoming the Marine National Bank of the City of New York in 1865. The note features, appropriately enough, a large vignette of a sidewheel ocean-going steamer. In addition, the state bank department die and a portrait of Walter R. Jones (1793-1855), who was heavily involved in marine insurance, shipbuilding, and whaling before his death, also appeared on the note. The note, which carries the ABNCo imprint, has a green and white ONE security panel. This fully issued note is evenly circulated and free of any repairs or meaningful distractions.
New York, NY- Mechanics Bank $100 18__ G196P Proof PMG Choice Uncirculated 64.
The Mechanics Bank became the Mechanics National Bank of the City of New York on June 9, 1865, charter 1250. At center is a large depiction of an arm and hammer, and at left is a comptroller's die. We have auctioned just one example of this rare Proof prior to now. That lot, which contained this exact note, was offered in November 2021 for $420. There are six punch cancels in the signature lines present on this cardstock mounted example. PMG has misattributed the Haxby catalog number as G194P; it is actually G196P.
The Mechanics Bank became the Mechanics National Bank of the City of New York on June 9, 1865, charter 1250. At center is a large depiction of an arm and hammer, and at left is a comptroller's die. We have auctioned just one example of this rare Proof prior to now. That lot, which contained this exact note, was offered in November 2021 for $420. There are six punch cancels in the signature lines present on this cardstock mounted example. PMG has misattributed the Haxby catalog number as G194P; it is actually G196P.
New York, NY- Mechanics Banking Association $2 18__ as G6 Front Proof PMG Choice Uncirculated 64.
The bank was organized in 1838 and remained in business until 1865 when it became the National Mechanics Banking Association of New York. The $2 design features an allegorical woman holding a sickle and caduceus, representing perhaps both Agriculture and Commerce at center. The state Comptroller's Office die is at left and a vignette of a classical age young man seated with an anvil and hammer as well as a cornucopia full of coins (perhaps Vulcan?) at right. An arm and hammer vignette are at bottom center. The note is printed on India paper. Likely a very rare Proof.
The bank was organized in 1838 and remained in business until 1865 when it became the National Mechanics Banking Association of New York. The $2 design features an allegorical woman holding a sickle and caduceus, representing perhaps both Agriculture and Commerce at center. The state Comptroller's Office die is at left and a vignette of a classical age young man seated with an anvil and hammer as well as a cornucopia full of coins (perhaps Vulcan?) at right. An arm and hammer vignette are at bottom center. The note is printed on India paper. Likely a very rare Proof.
New York, NY- Merchants Bank in The City of New York Counterfeit $10 June 13, 180? Fair, Mounted on Letter.
William Berrian, George Berrian, and William Marlin were the individuals in this scenario who attempted to pass the counterfeit $10 Obsolete from the Merchants Bank in the City of New York attached to this letter. The victim submitted this note to the Merchants Bank for authentication, which is when it was discovered as forged. The counterfeit is printed on thin paper, and several tears and missing pieces are observed.
William Berrian, George Berrian, and William Marlin were the individuals in this scenario who attempted to pass the counterfeit $10 Obsolete from the Merchants Bank in the City of New York attached to this letter. The victim submitted this note to the Merchants Bank for authentication, which is when it was discovered as forged. The counterfeit is printed on thin paper, and several tears and missing pieces are observed.
New York, NY- Bank of New York $2 18__ G156P Proof PMG Choice Uncirculated 64.
The Bank of New York was organized in 1784 and remained in business until becoming the Bank of New York National Banking Association in 1865. At center is a depiction of this bank's headquarters, and at right is a portrait of the Reverend Dr. Alfred Langdon Elwyn, whose portrait was also featured on the T24 Confederate Treasury Notes of 1861. We auctioned a PMG 65 EPQ in September 2023 for $432. There are no forms of cancellation present.
The Bank of New York was organized in 1784 and remained in business until becoming the Bank of New York National Banking Association in 1865. At center is a depiction of this bank's headquarters, and at right is a portrait of the Reverend Dr. Alfred Langdon Elwyn, whose portrait was also featured on the T24 Confederate Treasury Notes of 1861. We auctioned a PMG 65 EPQ in September 2023 for $432. There are no forms of cancellation present.
New York, NY- Packard's Business College Bank $500 ND ca. 1880s Schingoethe UNL PMG Very Fine 25.
At left is Liberty with a shield, at center is a livestock vignette, and at right is a soldier with a bayonet. We have not yet had the opportunity to offer a note of any denomination from this issuer, until now. Schingoethe only records a $2 design, and that piece is listed as R7, 1-4 extant, on page 168. A purple stamp at bottom center indicates that this piece was probably utilized sometime during the 1880s.
At left is Liberty with a shield, at center is a livestock vignette, and at right is a soldier with a bayonet. We have not yet had the opportunity to offer a note of any denomination from this issuer, until now. Schingoethe only records a $2 design, and that piece is listed as R7, 1-4 extant, on page 168. A purple stamp at bottom center indicates that this piece was probably utilized sometime during the 1880s.
New York, NY- Park Bank $1 July 1, 1862 G2c PMG Very Fine 30.
The Park Bank was organized in 1856 and remained in business until becoming the National Park Bank of New York in 1865. The note features a large custom vignette of the Croton Fountain and the surrounding City Hall Park. The fountain design was in use from 1842 until it was replaced by another design in 1871. This very detailed vignette is flanked by another of a sailor standing by the New York City coat of arms at upper left, the state bank department die at lower left, and a vignette of a Native American warrior at right. The red back design features a slightly cut down version of the same fountain. A pleasant, fully issued example.
The Park Bank was organized in 1856 and remained in business until becoming the National Park Bank of New York in 1865. The note features a large custom vignette of the Croton Fountain and the surrounding City Hall Park. The fountain design was in use from 1842 until it was replaced by another design in 1871. This very detailed vignette is flanked by another of a sailor standing by the New York City coat of arms at upper left, the state bank department die at lower left, and a vignette of a Native American warrior at right. The red back design features a slightly cut down version of the same fountain. A pleasant, fully issued example.
New York, NY- Shoe and Leather Bank $2 Apr. 2, 1860 UNL PMG Very Fine 20.
The Shoe and Leather Bank was chartered in 1852 and closed in 1865, giving way to the National Shoe and Leather Bank, charter 917. In James Haxby's book United States Obsolete Bank Notes 1782-1866: Volume 3, the author lists two varieties of this design on pages 1700-1701. One variety is without an overprint (G6), and the other variety is with a green overprint (G6c). However, he does not record a variation with a red-orange overprint, such as the one that our current offering possesses. Besides this red-orange tint, vignettes of a girl blowing dandelion seeds at right, a cowboy chasing his cattle at left of center, and a New York state die at upper left grace the face. We have offered no examples of this elusive piece prior to now, and it is very likely that this representative is unique or nearly so. The most recent issued note that we auctioned from this bank was a counterfeit $100 that was certified by PMG as a VF 20. That piece, which appeared in February 2024, realized $528. We expect that figure will easily be exceeded for this genuinely issued beauty. PMG mentions pinholes on the deuce in this lot.
The Shoe and Leather Bank was chartered in 1852 and closed in 1865, giving way to the National Shoe and Leather Bank, charter 917. In James Haxby's book United States Obsolete Bank Notes 1782-1866: Volume 3, the author lists two varieties of this design on pages 1700-1701. One variety is without an overprint (G6), and the other variety is with a green overprint (G6c). However, he does not record a variation with a red-orange overprint, such as the one that our current offering possesses. Besides this red-orange tint, vignettes of a girl blowing dandelion seeds at right, a cowboy chasing his cattle at left of center, and a New York state die at upper left grace the face. We have offered no examples of this elusive piece prior to now, and it is very likely that this representative is unique or nearly so. The most recent issued note that we auctioned from this bank was a counterfeit $100 that was certified by PMG as a VF 20. That piece, which appeared in February 2024, realized $528. We expect that figure will easily be exceeded for this genuinely issued beauty. PMG mentions pinholes on the deuce in this lot.
New York, NY- (Snyder, Black & Sturn Lithographers) $50 "Progress Impression" ND (ca. 1850s) Very Fine.
This design was used for advertising notes issued by D.S. Barnes, Demas Barnes, and Heath, Wafukoop & Co., all in promotion of Lyons Celebrated Kathairon, a hair care product or patent medicine (Vlack 2145, 2150, 2155, 2160, 2165, 2485, 2490, and 2495). All of the customer-specific information would have been added to this stock design developed by the lithography firm of Snyder, Black & Sturn of New York City. This piece may have been used for internal production test purposes or as a salesman's sample piece to show the printer's capabilities. An unusual find and a neat piece of bank note printing history that neatly ties to advertising notes.
This design was used for advertising notes issued by D.S. Barnes, Demas Barnes, and Heath, Wafukoop & Co., all in promotion of Lyons Celebrated Kathairon, a hair care product or patent medicine (Vlack 2145, 2150, 2155, 2160, 2165, 2485, 2490, and 2495). All of the customer-specific information would have been added to this stock design developed by the lithography firm of Snyder, Black & Sturn of New York City. This piece may have been used for internal production test purposes or as a salesman's sample piece to show the printer's capabilities. An unusual find and a neat piece of bank note printing history that neatly ties to advertising notes.
New York, NY- E. & C. Starr Promotional Note Feb. 10, 1824 PMG Choice Extremely Fine 45.
At first blush this appears to be a note intended for issue by the Mechanics Bank in the City of New York done by E. & C. Starr in 1824. A closer inspection, however, determines that this is almost certainly a promotional or corporate capabilities piece, designed to show off the Starr's ability to do precision two color printing. Consider: 1. there are four different values, $1, $2, $3, and $5 in the four corners of the design. 2. the text says "....the MECHANICS' BANK in the CITY of NEW YORK promise not to pay ________ or bearer on demand...." The entire note displays precisely registered red and black printing that would be prohibitively expensive, and technically almost impossible, to duplicate by counterfeiters. This design has never been seen in notes that were actually placed in circulation, and it is likely that early nineteenth century technology was simply incapable of scaling up this printing process to the rates required for large production quantities and delivery requirements. An important part of security printing history, this striking note has a missing upper left corner which is noted by PMG. With no tangible value, this note was usually thrown away after being inspected, leaving very few surviving examples.
At first blush this appears to be a note intended for issue by the Mechanics Bank in the City of New York done by E. & C. Starr in 1824. A closer inspection, however, determines that this is almost certainly a promotional or corporate capabilities piece, designed to show off the Starr's ability to do precision two color printing. Consider: 1. there are four different values, $1, $2, $3, and $5 in the four corners of the design. 2. the text says "....the MECHANICS' BANK in the CITY of NEW YORK promise not to pay ________ or bearer on demand...." The entire note displays precisely registered red and black printing that would be prohibitively expensive, and technically almost impossible, to duplicate by counterfeiters. This design has never been seen in notes that were actually placed in circulation, and it is likely that early nineteenth century technology was simply incapable of scaling up this printing process to the rates required for large production quantities and delivery requirements. An important part of security printing history, this striking note has a missing upper left corner which is noted by PMG. With no tangible value, this note was usually thrown away after being inspected, leaving very few surviving examples.
Poughkeepsie, NY- Eastman's National College Bank $2 ND Schingoethe NY-2040-2 PMG About Uncirculated 50.
The college note in this lot is from the Eastman's National College Bank, an institution which was one of the largest and most well-known college currency issuers in the state of New York. At left on this piece is a depiction of Liberty with her pole and cap, at center is an allegorical female riding a deer, and at right is a male portrait. Red "2" and "TWO DOLLARS" overprints complete the design. We have not offered this type prior to now.
The college note in this lot is from the Eastman's National College Bank, an institution which was one of the largest and most well-known college currency issuers in the state of New York. At left on this piece is a depiction of Liberty with her pole and cap, at center is an allegorical female riding a deer, and at right is a male portrait. Red "2" and "TWO DOLLARS" overprints complete the design. We have not offered this type prior to now.
Randolph, NY-Village Bank $1 May 1, 1848 G4 Proof PMG Choice Uncirculated 63.
The bank was a short-lived affair, being organized in 1848 and suspending in 1850. The $1 design features a vignette of a passenger train rounding a curve flanked by the state banking die at lower left and a vignette of Liberty standing by a federal shield at right. The note is printed on India paper with four POCs, mounted on card. The back of the card bears the distinctive perimeter frame mounting meaning that this note was once part of the celebrated Alexandre Vattemare collection put together prior to his death in 1864. A rare and seldom offered note.
The bank was a short-lived affair, being organized in 1848 and suspending in 1850. The $1 design features a vignette of a passenger train rounding a curve flanked by the state banking die at lower left and a vignette of Liberty standing by a federal shield at right. The note is printed on India paper with four POCs, mounted on card. The back of the card bears the distinctive perimeter frame mounting meaning that this note was once part of the celebrated Alexandre Vattemare collection put together prior to his death in 1864. A rare and seldom offered note.
Syracuse, NY- B.C. Hoff "16" Advertising Note ND (ca. 1860s) Vlack 3140 PMG Choice Very Fine 35.
This music and jewelry firm operated as B.C. Hoff & Co. from at least as early as 1857 until May 13, 1859 when the partnership was dissolved. Hoff continued on under his own name until perhaps 1869; the last year he appears in the city directory as a business. These events, plus the address shown, narrow down the issue period to ca. 1863-1869. Hoff passed away in 1891. The elaborate design features a vignette of the store (with a slightly out-of-scale train running in front of it) at left, Mercury soaring in the clouds representing Commerce, at right, and a vignette of all sorts of silver and other "fancy goods" at center. Mr Hoff was reportedly a proud horseman and apparently could not resist including a vignette of his prized horse at bottom center. This is the first note we have offered from this issuer and is repair-free without any meaningful impairments.
This music and jewelry firm operated as B.C. Hoff & Co. from at least as early as 1857 until May 13, 1859 when the partnership was dissolved. Hoff continued on under his own name until perhaps 1869; the last year he appears in the city directory as a business. These events, plus the address shown, narrow down the issue period to ca. 1863-1869. Hoff passed away in 1891. The elaborate design features a vignette of the store (with a slightly out-of-scale train running in front of it) at left, Mercury soaring in the clouds representing Commerce, at right, and a vignette of all sorts of silver and other "fancy goods" at center. Mr Hoff was reportedly a proud horseman and apparently could not resist including a vignette of his prized horse at bottom center. This is the first note we have offered from this issuer and is repair-free without any meaningful impairments.
Utica, NY- Bank of Central New York $1 Jan. 4, 1837 G2b PMG Very Fine 20.
The Bank of Central New York was opened in 1838, but by 1860, it had failed and was closed. This extremely rare $1 features a bank department die at left, a depiction of a woman holding a sword with a cherub and cornucopia beside her at center, and a vignette of an allegorical figure with a pole and cap and a train in the distance at right. A red ONE overprint completes the design. We have not yet offered a note of this design and denomination prior to now, and Haxby lists this piece as SENC on page 1829 in the third volume of his reference. This note could very well be unique.
The Bank of Central New York was opened in 1838, but by 1860, it had failed and was closed. This extremely rare $1 features a bank department die at left, a depiction of a woman holding a sword with a cherub and cornucopia beside her at center, and a vignette of an allegorical figure with a pole and cap and a train in the distance at right. A red ONE overprint completes the design. We have not yet offered a note of this design and denomination prior to now, and Haxby lists this piece as SENC on page 1829 in the third volume of his reference. This note could very well be unique.
Utica, NY- Bank of the United States (Second) Counterfeit $5 Sep. 1, 1833 UNL PMG Choice Fine 15.
The Utica branch of the second Bank of the United States was opened in 1830 and remained in business until 1835. This counterfeit purports to be a branch draft drawn on the bank's parent in Philadelphia. Haxby determined that these were outside the scope of his cataloging efforts and did not list these, although they clearly circulated freely at the time of issue. The note's true nature is rather easily betrayed by the primitive, bordering on cartoon-like, female portraits that appear in the end panels. Still an important and historic piece from a rare branch, which is repair-free and lacks any meaningful impairments aside from a speck or two of ink burn in the Cashier's vanity signature.
The Utica branch of the second Bank of the United States was opened in 1830 and remained in business until 1835. This counterfeit purports to be a branch draft drawn on the bank's parent in Philadelphia. Haxby determined that these were outside the scope of his cataloging efforts and did not list these, although they clearly circulated freely at the time of issue. The note's true nature is rather easily betrayed by the primitive, bordering on cartoon-like, female portraits that appear in the end panels. Still an important and historic piece from a rare branch, which is repair-free and lacks any meaningful impairments aside from a speck or two of ink burn in the Cashier's vanity signature.
Warsaw, NY- Wyoming County Bank $10 18__ as G10 Proof PCGS Choice About New 58PPQ.
The bank was organized in 1851 and opened in January 1852. It continued in business until 1865 when it became the Wyoming County National Bank of Warsaw. The note features a custom vignette of the Portage Bridge which was a railroad bridge that spanned the Genesee River at Portage, NY, built between 1850 and 1852. It was destroyed by fire in 1875. The vignette of this impressive structure is flanked by the state Bank Department die at lower left and a vignette of a Native American man standing, seemingly gazing at the bridge. The note is printed on India paper mounted on cardstock with four POCs in the signature lines. There were twelve examples of this note in the 1990 ABNCo Archives sale, almost certainly representing the entire surviving population of this design in Proof form.
The bank was organized in 1851 and opened in January 1852. It continued in business until 1865 when it became the Wyoming County National Bank of Warsaw. The note features a custom vignette of the Portage Bridge which was a railroad bridge that spanned the Genesee River at Portage, NY, built between 1850 and 1852. It was destroyed by fire in 1875. The vignette of this impressive structure is flanked by the state Bank Department die at lower left and a vignette of a Native American man standing, seemingly gazing at the bridge. The note is printed on India paper mounted on cardstock with four POCs in the signature lines. There were twelve examples of this note in the 1990 ABNCo Archives sale, almost certainly representing the entire surviving population of this design in Proof form.
Raleigh, NC- State of North Carolina $3 Jan. 1, 1863 Cr. 130 PMG Gem Uncirculated 66 EPQ.
Printed on paper watermarked FIVE, this example is presently in the "top pop" position in the PMG Population Report for this Criswell number. The note is well printed on pristine paper and is fully framed.
Printed on paper watermarked FIVE, this example is presently in the "top pop" position in the PMG Population Report for this Criswell number. The note is well printed on pristine paper and is fully framed.
Washington, NC- Bank of Washington $3 18__ G4a Remainder PCGS Banknote Superb Gem Unc 68 PPQ.
The bank was organized in 1851 and remained in business until 1866 when shareholders on May 14 voted to wind up the affairs of the bank and go into liquidation. This attractive note with a red-orange and white THREE protector panel and similarly colored denominational counters, features a vignette of three men solving the world's problems, as well as a portrait of Washington, and a small vignette of a maiden in the water at bottom center. Of the 105 examples of this note recorded in both grading companies' population reports, none surpass this note's grade.
The bank was organized in 1851 and remained in business until 1866 when shareholders on May 14 voted to wind up the affairs of the bank and go into liquidation. This attractive note with a red-orange and white THREE protector panel and similarly colored denominational counters, features a vignette of three men solving the world's problems, as well as a portrait of Washington, and a small vignette of a maiden in the water at bottom center. Of the 105 examples of this note recorded in both grading companies' population reports, none surpass this note's grade.
Washington, NC- Bank of Washington $100 18__ G26a Remainder PMG Gem Uncirculated 65 EPQ.
Incorporated on October 29, 1850, the Bank of Washington opened for business on July 15, 1851. Its first president was James E. Hoyt, and the first cashier was M. Stevenson. With the attack on the town of Washington by the Union Army, the bank closed for good in 1862. This $100 was the highest denomination that was issued by the bank. At left are three workers. From left to right, they can be identified as a blacksmith holding a hammer, a sailor leaning on a capstan, and a farmer gesturing with a bundle of wheat in his hand. At right is an antebellum scene of cotton fields. A large green "C" overprint is at center. Our current offering is high grade for the type, with boardwalk margins and bright color. We auctioned a PMG 66 EPQ in November 2021 for $576.
Incorporated on October 29, 1850, the Bank of Washington opened for business on July 15, 1851. Its first president was James E. Hoyt, and the first cashier was M. Stevenson. With the attack on the town of Washington by the Union Army, the bank closed for good in 1862. This $100 was the highest denomination that was issued by the bank. At left are three workers. From left to right, they can be identified as a blacksmith holding a hammer, a sailor leaning on a capstan, and a farmer gesturing with a bundle of wheat in his hand. At right is an antebellum scene of cotton fields. A large green "C" overprint is at center. Our current offering is high grade for the type, with boardwalk margins and bright color. We auctioned a PMG 66 EPQ in November 2021 for $576.
Cincinnati, OH- Ohio & Cincinnati Loan Office $1.50 Mar. 23, 1840 Wolka 0577-03 PMG Fine 12.
At the time of this writing, we have only auctioned one example of this denomination. In September 2005, a raw piece that we graded Fine-VF realized $373. At center of this very scarce note is a lovely stagecoach vignette with both a steam train and steamboat in the background. The 2005 offering and our current offering are the only two examples of this design extant that we are aware of.
At the time of this writing, we have only auctioned one example of this denomination. In September 2005, a raw piece that we graded Fine-VF realized $373. At center of this very scarce note is a lovely stagecoach vignette with both a steam train and steamboat in the background. The 2005 offering and our current offering are the only two examples of this design extant that we are aware of.
Cincinnati, OH- Letter by Joseph Sill to The Pike County Court of Common Pleas November 1817 Not Graded.
This letter, penned by Joseph Sill, attorney in Pike County, Ohio, details that one Henry Davis attempted to pass a counterfeit $20 Miami Exporting Company Obsolete as genuine. The serial number on this counterfeit note was 125. Jesse Allison was the victim of the crime. This letter is an interesting piece of Ohio fiscal history. There are several splits, hard folds, and ink spills.
This letter, penned by Joseph Sill, attorney in Pike County, Ohio, details that one Henry Davis attempted to pass a counterfeit $20 Miami Exporting Company Obsolete as genuine. The serial number on this counterfeit note was 125. Jesse Allison was the victim of the crime. This letter is an interesting piece of Ohio fiscal history. There are several splits, hard folds, and ink spills.
Cleveland, OH- Union Business College Bank of Cleveland $5 186_ Remainder Schingoethe OH-300-5 PMG Uncirculated 62.
This is just the third appearance of a note of this design and denomination in one of our auctions. Printed by Clay, Cosack & Co. of Buffalo, NY, this pleasing remainder features male portraits at left and right, sailing vessels at center, and a red underprint on the face. The back, which is printed in green, details the usage of this note. PMG mentions tears.
This is just the third appearance of a note of this design and denomination in one of our auctions. Printed by Clay, Cosack & Co. of Buffalo, NY, this pleasing remainder features male portraits at left and right, sailing vessels at center, and a red underprint on the face. The back, which is printed in green, details the usage of this note. PMG mentions tears.
Elyria, OH- Lorain Iron Company 12-1/2¢ Aug. 8, 1833 Wolka UNL PMG Very Fine 20.
The history of the Lorain Iron Company is somewhat clouded. We know that it was chartered in 1832 and failed during the Panic of 1837 era, with 1842 newspaper articles stating that "....thousands of dollars of miserable shin-plasters issued by that company, not being receivable in debts due the concern, have become perfectly worthless in the hands of the people...." One of the county histories does a bit of a whitewash saying that Heman Ely, the founder of both the city of Elyria and the company, lost $12,000 due to the failure, without mentioning the company's scrip issues and the impact on the community. In any case, this issuer was unknown to Wolka and is just now being reported. We are presently aware of just two examples of this one denomination as the sole survivors from this failed enterprise, both of which appear in this auction. This example possesses several small edge and internal splits.
The history of the Lorain Iron Company is somewhat clouded. We know that it was chartered in 1832 and failed during the Panic of 1837 era, with 1842 newspaper articles stating that "....thousands of dollars of miserable shin-plasters issued by that company, not being receivable in debts due the concern, have become perfectly worthless in the hands of the people...." One of the county histories does a bit of a whitewash saying that Heman Ely, the founder of both the city of Elyria and the company, lost $12,000 due to the failure, without mentioning the company's scrip issues and the impact on the community. In any case, this issuer was unknown to Wolka and is just now being reported. We are presently aware of just two examples of this one denomination as the sole survivors from this failed enterprise, both of which appear in this auction. This example possesses several small edge and internal splits.
Elyria, OH- Lorain Iron Company 12-1/2¢ Aug. (?) 29, 1833 Wolka UNL PMG Very Good 10 Net.
The Lorain Iron Company was organized in 1832 and, according to period newspaper accounts, failed during the Panic of 1837 era, leaving behind a massive amount of worthless shinplasters. One of only two notes of any denomination presently known from this newly discovered issuer, this example has been severed and reattached. In addition, several chips are out of the upper left margin. The note still faces up well and its rarity and historic background make it an important piece.
The Lorain Iron Company was organized in 1832 and, according to period newspaper accounts, failed during the Panic of 1837 era, leaving behind a massive amount of worthless shinplasters. One of only two notes of any denomination presently known from this newly discovered issuer, this example has been severed and reattached. In addition, several chips are out of the upper left margin. The note still faces up well and its rarity and historic background make it an important piece.
Hiram Rapids, OH- W. Batts (?) at G.W. Antisdale 5¢ Dec. 13, 1862 Wolka 1310-01 PMG Fine 12.
This note presents lots of questions to which there are few answers. The signature appears to be something along the lines of either Batts or Butts, while the printed name, G.W. Antisdale seems to be that of a farmer, an occupation normally not associated with the issuing of scrip. Perhaps ongoing research will eventually clear things up. In the meantime, we can say that this note is quite rare, missing even from the landmark Wolka Collection. The note is fully issued with a small tape repair at back center.
This note presents lots of questions to which there are few answers. The signature appears to be something along the lines of either Batts or Butts, while the printed name, G.W. Antisdale seems to be that of a farmer, an occupation normally not associated with the issuing of scrip. Perhaps ongoing research will eventually clear things up. In the meantime, we can say that this note is quite rare, missing even from the landmark Wolka Collection. The note is fully issued with a small tape repair at back center.
Kenton, OH- B. Garrettson "National Baseball League" Advertising Note ND (1887) Vlack UNL PMG Choice Fine 15 Net.
Bennett Garrettson was a jeweler who utilized this note as an attention-getting advertising piece during the 1887 baseball season. The note features a portrait of the president of the Chicago White Stockings (today's Chicago Cubs), A(lbert) G. Spalding, and the vignette at right is of a batter at the plate. The back has a dozen portraits of members of the team including the likes of pitcher John Clarkson, catcher Tom Daly, infielder Cap Anson, and outfielders Jimmy Ryan and Billy Sunday. The White Stockings played 121 games during the 1887 season. They won 71 and lost 50, which was good enough for third place. The note has seen time in circulation and handling, with edge splits, short tears, a missing section of the right end. PMG also mentions that this example has been severed and reattached. Perhaps not the prettiest note, but previously unknown and from a new issuer for the state.
Bennett Garrettson was a jeweler who utilized this note as an attention-getting advertising piece during the 1887 baseball season. The note features a portrait of the president of the Chicago White Stockings (today's Chicago Cubs), A(lbert) G. Spalding, and the vignette at right is of a batter at the plate. The back has a dozen portraits of members of the team including the likes of pitcher John Clarkson, catcher Tom Daly, infielder Cap Anson, and outfielders Jimmy Ryan and Billy Sunday. The White Stockings played 121 games during the 1887 season. They won 71 and lost 50, which was good enough for third place. The note has seen time in circulation and handling, with edge splits, short tears, a missing section of the right end. PMG also mentions that this example has been severed and reattached. Perhaps not the prettiest note, but previously unknown and from a new issuer for the state.
Kirtland, OH- Kirtland Safety Society Bank $2 Mar. 7, 1837 G4 Wolka 1424-06 Rust 5 PCGS Banknote Choice Fine 15 Details.
An effort to organize the Kirtland Safety Society Bank was launched by Joseph Smith and other Mormon leaders in 1836. While the chartering effort was rebuffed by state authorities, arrangements for notes had been completed in parallel and resources were available to open the bank, with or without a state charter, on January 1, 1837. The organizers decided to move forward and, for a short period of time, even resorted to changing the bank title on some of its bank notes. This was accomplished by applying two stamps with "ANTI-" and "ING CO." to the existing notes so that the name appeared as the Kirtland Safety Society ANTI-BANK-ING CO. Needless to say, this ploy did not buy the enterprise much time, with it ultimately failing in November 1837. This scarcer $2 denomination was issued after the "Anti-Bank-ing" notes. Scribe signatures of J(oseph) Smith Jr. as cashier at left and of Sidney Rigdon as bank president at right are both visible. Notes of this variety were printed from the plates engraved by Underwood, Bald, Spencer & Hufty. The $1, $2, and $3 notes from the lower denomination plate are much scarcer than the $5 notes. PCGS Banknote mentions a couple of small areas of ink erosion in the signatures on this note.
An effort to organize the Kirtland Safety Society Bank was launched by Joseph Smith and other Mormon leaders in 1836. While the chartering effort was rebuffed by state authorities, arrangements for notes had been completed in parallel and resources were available to open the bank, with or without a state charter, on January 1, 1837. The organizers decided to move forward and, for a short period of time, even resorted to changing the bank title on some of its bank notes. This was accomplished by applying two stamps with "ANTI-" and "ING CO." to the existing notes so that the name appeared as the Kirtland Safety Society ANTI-BANK-ING CO. Needless to say, this ploy did not buy the enterprise much time, with it ultimately failing in November 1837. This scarcer $2 denomination was issued after the "Anti-Bank-ing" notes. Scribe signatures of J(oseph) Smith Jr. as cashier at left and of Sidney Rigdon as bank president at right are both visible. Notes of this variety were printed from the plates engraved by Underwood, Bald, Spencer & Hufty. The $1, $2, and $3 notes from the lower denomination plate are much scarcer than the $5 notes. PCGS Banknote mentions a couple of small areas of ink erosion in the signatures on this note.
Kirtland, OH- Kirtland Safety Society Bank $3 July 4, 1837 Rust 6 PMG Choice Fine 15.
The Kirtland Safety Society Bank was never organized under state law after the state of Ohio refused to grant the founders a charter. Printed by Underwood, Bald, Spencer & Huffy, this popular $3 Ohio Obsolete with Mormon connections features four cameo-like medallion heads at all four corners. Two are facing out to the right, while two are facing out to the left. At right of center is a passenger locomotive rumbling down the tracks. PMG mentions stains. We auctioned a PMG VF 25 in April 2020 for $1,800.
The Kirtland Safety Society Bank was never organized under state law after the state of Ohio refused to grant the founders a charter. Printed by Underwood, Bald, Spencer & Huffy, this popular $3 Ohio Obsolete with Mormon connections features four cameo-like medallion heads at all four corners. Two are facing out to the right, while two are facing out to the left. At right of center is a passenger locomotive rumbling down the tracks. PMG mentions stains. We auctioned a PMG VF 25 in April 2020 for $1,800.
Putnam, OH- Bank of Muskingum $1 "Dec. 11, 1839" G2 Wolka 2281-01 Proof PMG About Uncirculated 50.
There is some confusion regarding this bank since contemporary sources refer to both the Muskingum Bank and the Bank of Muskingum. Your cataloger believes that they are one and the same institution in business in two different towns during two different time periods. Working with that assumption, the bank was chartered in 1812. A majority of sources believe that the bank "failed" in 1819, largely due to a major defalcation of at least $30-$50,000 by the Cashier. In 1829, the bank was listed several times as a "Broken Bank." Four years later, the "Bank of Muskingum" resurfaced in news reports detailing that bank's request to the state legislature to allow it to move from Zanesville to Putnam, indicating that the bank had probably been revived. An 1838 listing of the bank uses the name "Muskingum Bank" and places the bank in Putnam. The bank's charter expired on January 1, 1843 and efforts to renew the bank's charter in 1844 met with no interest due to restrictive banking laws enforcing individual stockholder liability. The $1 note features a cherubic Mercury presenting a bag of coins to a seated allegorical woman, with Neptune in a seashell being drawn by four hippocampi. Four cameo-like medallion heads flank this vignette. This Proof is printed on India paper with falsely filled-in handwritten information and two patches / repairs of missing pieces. Haxby was aware of, and illustrated this note in Proof form and also indicated the additional existence of a Proof sheet in his 1988 state catalog series. A solitary example of this note appeared as part of a single sheet hidden in Lot 1729 of the Pennsylvania section of the 1990 ABNCo Archives sale. It is unlikely that there are many, if any, additional examples in Proof form out there, leaving a potential population of perhaps three notes.
There is some confusion regarding this bank since contemporary sources refer to both the Muskingum Bank and the Bank of Muskingum. Your cataloger believes that they are one and the same institution in business in two different towns during two different time periods. Working with that assumption, the bank was chartered in 1812. A majority of sources believe that the bank "failed" in 1819, largely due to a major defalcation of at least $30-$50,000 by the Cashier. In 1829, the bank was listed several times as a "Broken Bank." Four years later, the "Bank of Muskingum" resurfaced in news reports detailing that bank's request to the state legislature to allow it to move from Zanesville to Putnam, indicating that the bank had probably been revived. An 1838 listing of the bank uses the name "Muskingum Bank" and places the bank in Putnam. The bank's charter expired on January 1, 1843 and efforts to renew the bank's charter in 1844 met with no interest due to restrictive banking laws enforcing individual stockholder liability. The $1 note features a cherubic Mercury presenting a bag of coins to a seated allegorical woman, with Neptune in a seashell being drawn by four hippocampi. Four cameo-like medallion heads flank this vignette. This Proof is printed on India paper with falsely filled-in handwritten information and two patches / repairs of missing pieces. Haxby was aware of, and illustrated this note in Proof form and also indicated the additional existence of a Proof sheet in his 1988 state catalog series. A solitary example of this note appeared as part of a single sheet hidden in Lot 1729 of the Pennsylvania section of the 1990 ABNCo Archives sale. It is unlikely that there are many, if any, additional examples in Proof form out there, leaving a potential population of perhaps three notes.
Bristol, PA- Farmers Bank of Bucks County $100 18__ G48P Hoober 39-16 Proof PMG Choice Uncirculated 64.
The Farmers Bank of Bucks County opened in 1814 but switched locations from Hulm Ville to Bristol in 1823. It remained in Bristol until 1864, when it became the Farmers National Bank of Bucks County, charter 717. At left on this lovely Proof is a farmer with a sickle, at center is a young woman reclining by a large mural with an illustration of a ship inside it, and at right is a portrait of George Washington. As usual, four punch cancels are in the signature lines at bottom. We have auctioned just two examples of this design in Proof form, with the last piece we offered being the note in this lot. That appearance in June 2020 brought $480. We expect that figure to be exceeded tonight.
The Farmers Bank of Bucks County opened in 1814 but switched locations from Hulm Ville to Bristol in 1823. It remained in Bristol until 1864, when it became the Farmers National Bank of Bucks County, charter 717. At left on this lovely Proof is a farmer with a sickle, at center is a young woman reclining by a large mural with an illustration of a ship inside it, and at right is a portrait of George Washington. As usual, four punch cancels are in the signature lines at bottom. We have auctioned just two examples of this design in Proof form, with the last piece we offered being the note in this lot. That appearance in June 2020 brought $480. We expect that figure to be exceeded tonight.
Doylestown, PA- Doylestown Bank of Bucks County $5 Jan. 4, 1860 G12 Hoober 89-8 PMG Choice Fine 15.
The Doylestown Bank was chartered in 1834 and was in operation until 1864, when it became the Doylestown National Bank, charter 573. Printed by Toppan, Carpenter & Co., our current offering's design was only listed in Proof form on page 2032 in Volume 4 of the Haxby tomes, and in the Hoober book, the author records this piece at an R7 rarity, 1-5 extant. At center is a depiction of Ceres inside a large "V" which denotes the denomination flanked by portraits of William Penn and Benjamin Franklin. The far right contains an illustration of a farmer sharpening his scythe. We have not offered a note of this design previously in one of our auctions. There are no condition issues mentioned on the third party label.
The Doylestown Bank was chartered in 1834 and was in operation until 1864, when it became the Doylestown National Bank, charter 573. Printed by Toppan, Carpenter & Co., our current offering's design was only listed in Proof form on page 2032 in Volume 4 of the Haxby tomes, and in the Hoober book, the author records this piece at an R7 rarity, 1-5 extant. At center is a depiction of Ceres inside a large "V" which denotes the denomination flanked by portraits of William Penn and Benjamin Franklin. The far right contains an illustration of a farmer sharpening his scythe. We have not offered a note of this design previously in one of our auctions. There are no condition issues mentioned on the third party label.
Harrisburg, PA- Harrisburg Bank $2 Jan. 1, 1851 G26a Hoober 148-9 Proof PCGS New 62.
An attractive note with vignettes of Liberty and of Ceres with another maiden flanking a center vignette of three men "solving the world's problems." Mounted on cardstock with two POCs.
An attractive note with vignettes of Liberty and of Ceres with another maiden flanking a center vignette of three men "solving the world's problems." Mounted on cardstock with two POCs.
Hollidaysburg, PA- Exchange Bank of Pittsburgh $5 18__ G70P Proof PMG Gem Uncirculated 66 EPQ.
Listed as SENC (Surviving Example Not Confirmed) in Haxby, this interesting Pennsylvania Proof features a medallion head at left, a river scene at center, and Proserpina at right with a sickle and wheat. The Hollidaysburg branch operated beginning in the 1830s but closed sometime in the 1840s. There are no forms of cancellation present on this Proof. We last auctioned our current offering in March 2020 for $420.
Listed as SENC (Surviving Example Not Confirmed) in Haxby, this interesting Pennsylvania Proof features a medallion head at left, a river scene at center, and Proserpina at right with a sickle and wheat. The Hollidaysburg branch operated beginning in the 1830s but closed sometime in the 1840s. There are no forms of cancellation present on this Proof. We last auctioned our current offering in March 2020 for $420.
Philadelphia, PA- County of Philadelphia $3 June 1, 1837 Hoober 305-681 PMG Very Fine 20.
The county issued $150,000 in two year 1% notes in 1837. This $3 bears an approximation of the County of Philadelphia coat of arms flanked by vignettes of a young girl standing at left and Justice standing at right. The note is fully issued and is repair-free with no meaningful impairments noted. We last auctioned an impaired example nearly a decade ago for $141.
The county issued $150,000 in two year 1% notes in 1837. This $3 bears an approximation of the County of Philadelphia coat of arms flanked by vignettes of a young girl standing at left and Justice standing at right. The note is fully issued and is repair-free with no meaningful impairments noted. We last auctioned an impaired example nearly a decade ago for $141.
Philadelphia, PA- Kensington Bank $20-$20-$50-$100 18__ G32a-G32a-G40a-G48a Uncut Proof Sheet PMG About Uncirculated 50.
The Kensington Bank was organized in 1826 and remained in business until being succeeded by the Kensington National Bank of Philadelphia in 1864, charter 544. This beautiful Proof sheet is comprised of many vignettes. The two $20 notes are graced by illustrations of Native Americans gazing out upon a settlement at left, the elm tree under which Penn's treaty with the Lenape Turtle clan of the Delaware Indians was signed in 1683 at center, and William Penn, the famous Quaker founder of Pennsylvania, at right. On the $50 are portraits of Benjamin Franklin and George Washington, as well as a depiction of an allegorical female (perhaps Industry) at center with industrial tools surrounding her. In the background of that central vignette are two illustrations of a factory at right and a passenger train traveling across a bridge at left. The fourth and final $100 piece is characterized by a shipbuilding scene at center and an oval depiction of Ceres with a sickle and bundles of wheat. All four notes in the sheet have had red tints applied to them, making them quite aesthetically pleasing. We have not had the opportunity to auction an uncut Proof sheet from this bank prior to now. PMG mentions tears which are most prominent at the bottom end of the sheet, where the $100 example is located. There are also four small POCs along the signature lines of each Proof.
The Kensington Bank was organized in 1826 and remained in business until being succeeded by the Kensington National Bank of Philadelphia in 1864, charter 544. This beautiful Proof sheet is comprised of many vignettes. The two $20 notes are graced by illustrations of Native Americans gazing out upon a settlement at left, the elm tree under which Penn's treaty with the Lenape Turtle clan of the Delaware Indians was signed in 1683 at center, and William Penn, the famous Quaker founder of Pennsylvania, at right. On the $50 are portraits of Benjamin Franklin and George Washington, as well as a depiction of an allegorical female (perhaps Industry) at center with industrial tools surrounding her. In the background of that central vignette are two illustrations of a factory at right and a passenger train traveling across a bridge at left. The fourth and final $100 piece is characterized by a shipbuilding scene at center and an oval depiction of Ceres with a sickle and bundles of wheat. All four notes in the sheet have had red tints applied to them, making them quite aesthetically pleasing. We have not had the opportunity to auction an uncut Proof sheet from this bank prior to now. PMG mentions tears which are most prominent at the bottom end of the sheet, where the $100 example is located. There are also four small POCs along the signature lines of each Proof.
Philadelphia, PA- Manual Labor Bank $10 Feb. 8, 1836 G14 Ten Examples Choice About Uncirculated or Better.
A closely serial numbered grouping with eight pieces having consecutive serial numbers. Notes on this bank have a vignette with an "Elvis impersonator in a white jump suit" performing manual labor.
A closely serial numbered grouping with eight pieces having consecutive serial numbers. Notes on this bank have a vignette with an "Elvis impersonator in a white jump suit" performing manual labor.
Philadelphia, PA- Manufacturers and Mechanics Bank $1 Apr. 18, 1862 G36a PMG Choice Extremely Fine 45.
Opening in 1832, this bank remained operational until 1864, when it became the Manufacturers NB, charter 557. This beautiful ABNCo production features a depiction of Justice with her scales and sword at right, the Pennsylvania state seal at center, and a young girl's portrait at left. A green ONE overprint at bottom center completes the design.
Opening in 1832, this bank remained operational until 1864, when it became the Manufacturers NB, charter 557. This beautiful ABNCo production features a depiction of Justice with her scales and sword at right, the Pennsylvania state seal at center, and a young girl's portrait at left. A green ONE overprint at bottom center completes the design.
Philadelphia, PA- Moyamensing Bank in the County of Philadelphia $____ Post Note 18__ G26 Proof PMG Choice Uncirculated 64.
The bank was organized in 1832, temporarily suspended operation in the 1840s, and went on to become the Bank of Commerce in 1845. This post note featured a vignette of Neptune seated holding a trident accompanied by small oval vignettes of a sailing vessel at left and an oval cameo-like medallion head at right. It is printed on India paper with PMG noting a minor stain on the back that does not distract. Haxby was aware of, and illustrated, this note in his 1987 catalog. It is likely that the surviving population is something less than a half dozen examples.
The bank was organized in 1832, temporarily suspended operation in the 1840s, and went on to become the Bank of Commerce in 1845. This post note featured a vignette of Neptune seated holding a trident accompanied by small oval vignettes of a sailing vessel at left and an oval cameo-like medallion head at right. It is printed on India paper with PMG noting a minor stain on the back that does not distract. Haxby was aware of, and illustrated, this note in his 1987 catalog. It is likely that the surviving population is something less than a half dozen examples.
Philadelphia, PA- Moyamensing Bank $5 18__ G4P Hoober 305-433 Proof PMG Choice Uncirculated 64.
The Moyamensing Bank was chartered on March 30, 1832, and it closed in 1842. In 1848, it reopened under the title of the Bank of Commerce, and in 1864, it was succeeded by the National Bank of Commerce, charter 547. At left and right on this $5 Proof are identical seafaring ship vignettes, and at center is a lovely illustration of the signing of the Declaration of Independence. This depiction appeared on multiple other Obsoletes, even being utilized on more modern small size deuces. We last auctioned the note in this lot in January 2005, when it was raw. That appearance garnered $460. PMG mentions signature cut outs.
The Moyamensing Bank was chartered on March 30, 1832, and it closed in 1842. In 1848, it reopened under the title of the Bank of Commerce, and in 1864, it was succeeded by the National Bank of Commerce, charter 547. At left and right on this $5 Proof are identical seafaring ship vignettes, and at center is a lovely illustration of the signing of the Declaration of Independence. This depiction appeared on multiple other Obsoletes, even being utilized on more modern small size deuces. We last auctioned the note in this lot in January 2005, when it was raw. That appearance garnered $460. PMG mentions signature cut outs.
Philadelphia, PA- Bank of Pennsylvania $50 Apr. 3, 1855 G190b Hoober 305-103 PMG Very Fine 20.
The Bank of Pennsylvania began operations in 1794 and did not fail until 1857. The institution had branches located in Columbia, Easton, Lancaster, Pittsburgh, and Reading, as well as its parent branch in Philadelphia. This elusive Pennsylvania Obsolete features uncommonly seen iterations of George Washington (left) and Benjamin Franklin (right), along with horses frolicking at center. An ornate brown back is also noticed. Our current offering was utilized as James Haxby's plate note on page 2105 of his book United States Obsolete Bank Notes 1782-1866: Volume 4. On page 206 of the Hoober reference, the author places this piece at an R6 rarity, 6-10 known. We have not auctioned an issued note of this denomination previously. PMG mentions the presence of cancellations.
The Bank of Pennsylvania began operations in 1794 and did not fail until 1857. The institution had branches located in Columbia, Easton, Lancaster, Pittsburgh, and Reading, as well as its parent branch in Philadelphia. This elusive Pennsylvania Obsolete features uncommonly seen iterations of George Washington (left) and Benjamin Franklin (right), along with horses frolicking at center. An ornate brown back is also noticed. Our current offering was utilized as James Haxby's plate note on page 2105 of his book United States Obsolete Bank Notes 1782-1866: Volume 4. On page 206 of the Hoober reference, the author places this piece at an R6 rarity, 6-10 known. We have not auctioned an issued note of this denomination previously. PMG mentions the presence of cancellations.
Philadelphia, PA- Schuylkill Bank in the City of Philadelphia Checks 18__ Five Subject Uncut Sheet Very Fine.
The bank was organized in 1814 and remained in business until being closed by state authorities in December 1839 due to fraudulent transactions by H.J. Levis, the Cashier, during the previous year. The style of the checks that are part of this uncut sheet suggest that they were probably used during the 1810s-20s, and perhaps early 1830s. Each check depicts a river scene with several bridges and a canal aqueduct. The sheet itself has stains and some edge damage with the longest tear being approximately one inch. There is also a small amount of ink erosion. The back has a large ledger entry detailing 13 people's shares of an assignment that covers virtually the entire sheet.
The bank was organized in 1814 and remained in business until being closed by state authorities in December 1839 due to fraudulent transactions by H.J. Levis, the Cashier, during the previous year. The style of the checks that are part of this uncut sheet suggest that they were probably used during the 1810s-20s, and perhaps early 1830s. Each check depicts a river scene with several bridges and a canal aqueduct. The sheet itself has stains and some edge damage with the longest tear being approximately one inch. There is also a small amount of ink erosion. The back has a large ledger entry detailing 13 people's shares of an assignment that covers virtually the entire sheet.
Philadelphia, PA- Tradesmens Bank $100 18__ G20P Hoober 305-608 Proof PMG Choice Uncirculated 63.
The Tradesmens Bank was organized in 1847 and remained in business until 1864 when it became the Tradesmens National Bank, charter 570. At left is a Native American family, at center is a shipbuilding scene with designers working on a plan for a ship, and at right is a medallion head. There are no forms of cancellation present. We have auctioned this design just once before, and that note was none other than our current offering. PMG mentions tears.
The Tradesmens Bank was organized in 1847 and remained in business until 1864 when it became the Tradesmens National Bank, charter 570. At left is a Native American family, at center is a shipbuilding scene with designers working on a plan for a ship, and at right is a medallion head. There are no forms of cancellation present. We have auctioned this design just once before, and that note was none other than our current offering. PMG mentions tears.
Philadelphia, PA- Bank of the United States (2nd), Norfolk Branch Contemporary Counterfeit $20 Oct. 19, 1824 C680 PCGS Banknote Fine 12 Details.
The second Bank of the United States, with 28 branches located across the nation including Norfolk, was in operation from 1817 until its charter expired in 1836. The Norfolk branch was in operation for essentially the entire charter period. This $20 counterfeit is from a slightly better engraved plate than some examples we have seen, but still has issues with the engraving of the small female portraits in the end panels, the eagle, and the 20 counters that betray its true nature. This note, however, would have been a passable counterfeit under favorable circumstances like in a darkly lit store or on a very busy shopping day. It has seen a lot of time in circulation and has the damage to prove it. PCGS Banknote mentions a number of repaired splits and tears in addition to more minor edge roughness and additional unrepaired internal tears. Having said that, this note is still essentially intact and faces up well.
The second Bank of the United States, with 28 branches located across the nation including Norfolk, was in operation from 1817 until its charter expired in 1836. The Norfolk branch was in operation for essentially the entire charter period. This $20 counterfeit is from a slightly better engraved plate than some examples we have seen, but still has issues with the engraving of the small female portraits in the end panels, the eagle, and the 20 counters that betray its true nature. This note, however, would have been a passable counterfeit under favorable circumstances like in a darkly lit store or on a very busy shopping day. It has seen a lot of time in circulation and has the damage to prove it. PCGS Banknote mentions a number of repaired splits and tears in addition to more minor edge roughness and additional unrepaired internal tears. Having said that, this note is still essentially intact and faces up well.
Philadelphia, PA- Bank of the United States (3rd) $500 Sep. 1, 1840 G14b PMG Very Fine 25.
When this note was issued in 1840, the Bank of the United States was operating under a charter granted by the state of Pennsylvania. The design follows the classic layout featuring the bank's headquarters in Philadelphia flanked by the portraits of six important American figures and has a red rubberstamp indicating a dividend payment made in 1850 as part of the bank's protracted liquidation process that extended over a decade until 1852.
When this note was issued in 1840, the Bank of the United States was operating under a charter granted by the state of Pennsylvania. The design follows the classic layout featuring the bank's headquarters in Philadelphia flanked by the portraits of six important American figures and has a red rubberstamp indicating a dividend payment made in 1850 as part of the bank's protracted liquidation process that extended over a decade until 1852.
Philadelphia, PA- Bank of the United States (3rd) $1,000 Post Note payable in New York G100 Dec. 15, 1840 PMG About Uncirculated 55.
This $1,000 post note was issued during the last days of the third Bank of the United States which, when this note was issued, was operating under a state charter from the state of Pennsylvania. It is the classic design well known for this institution with six portraits of important American figures lining both ends, flanking a large view of the bank's headquarters in Philadelphia. This example has the typical interest and principal payment stamps that were part of the bank's efforts to wind up its affairs. In an interesting numismatic observation, this note has serial number 8898, only four serial numbers removed from that of the modern facsimile reprint of this design (sn. 8894) which continues to inhabit historical gift shops across the United States. The foreign substance mentioned on the PMG back label is minor.
This $1,000 post note was issued during the last days of the third Bank of the United States which, when this note was issued, was operating under a state charter from the state of Pennsylvania. It is the classic design well known for this institution with six portraits of important American figures lining both ends, flanking a large view of the bank's headquarters in Philadelphia. This example has the typical interest and principal payment stamps that were part of the bank's efforts to wind up its affairs. In an interesting numismatic observation, this note has serial number 8898, only four serial numbers removed from that of the modern facsimile reprint of this design (sn. 8894) which continues to inhabit historical gift shops across the United States. The foreign substance mentioned on the PMG back label is minor.
Pottsville, PA- Miners Bank of Pottsville $1-$1-$1-$2 June 11, 1841 G50-G50-G50-G52 Uncut Sheet Choice Crisp Uncirculated.
On the verge of bankruptcy, the State of Pennsylvania passed legislation on May 4, 1841 which incentivized the state's banks to subscribe to a state loan of $3,100,000. Banks participating in the program issued so-called Relief Notes, such as those on this sheet, which were only redeemable in state stock in sums of $100 from the state Auditor General rather than in specie. The $1 notes depict three iron workers at a forge while the $2 features a blacksmith at work shoeing a horse. This rarely encountered sheet is in virtually flawless condition with as made natural paper wrinkles.
On the verge of bankruptcy, the State of Pennsylvania passed legislation on May 4, 1841 which incentivized the state's banks to subscribe to a state loan of $3,100,000. Banks participating in the program issued so-called Relief Notes, such as those on this sheet, which were only redeemable in state stock in sums of $100 from the state Auditor General rather than in specie. The $1 notes depict three iron workers at a forge while the $2 features a blacksmith at work shoeing a horse. This rarely encountered sheet is in virtually flawless condition with as made natural paper wrinkles.
Pottsville, PA- Miners Bank of Pottsville in The County of Schuylkill $10 18__ Haxby UNL Proof PMG Gem Uncirculated 65 EPQ.
The Miners Bank of Pottsville was organized in 1828 and remained in business until becoming the Miners National Bank of Pottsville, charter 649, in 1864. Unlisted in Haxby, our current offering features portraits of William Penn and Benjamin Franklin at left and right of the central vignette respectively, with bald eagles at far left and right. The depiction at center is of a machinist seated by his anvil and holding a large sledgehammer. We have auctioned just one example of this design in Proof form. That piece, which we graded Uncirculated, realized $287 in September 2003. Our current offering, which is in a higher grade, should easily outdistance that figure. There are ten punch cancels present.
The Miners Bank of Pottsville was organized in 1828 and remained in business until becoming the Miners National Bank of Pottsville, charter 649, in 1864. Unlisted in Haxby, our current offering features portraits of William Penn and Benjamin Franklin at left and right of the central vignette respectively, with bald eagles at far left and right. The depiction at center is of a machinist seated by his anvil and holding a large sledgehammer. We have auctioned just one example of this design in Proof form. That piece, which we graded Uncirculated, realized $287 in September 2003. Our current offering, which is in a higher grade, should easily outdistance that figure. There are ten punch cancels present.
Tioga, PA- Tioga County Bank $10-$20-$50-$100 18__ G8a-G10a-G12a-G14a Uncut Proof Sheet PMG About Uncirculated 55.
A production of Bald, Cousland & Co., our current offering is the first uncut Proof sheet that we have auctioned from this issuer. The Tioga County Bank opened in 1857 and continued in business until 1867, when it was succeeded by the private banking firm B.C. Wickham & Co. That firm failed in 1883. Four denominations are represented here, and all four pieces have different vignettes. At left on the $10 is a male portrait, at center is a depiction of men traversing a river on a raft, and at right is a sailor tipping his hat to the bearer of the note. The $20 is graced by portraits of Benjamin Franklin (left) and George Washington (right), as well as a mining illustration at center. On the $50, there are vignettes of President James Buchanan at left, a Native American with a tomahawk at right, and a farmer with his children, dog, and horse at center. Finally, the $100, with a layout quite similar to the $100 Bank of the Empire State Georgia Obsolete (also printed by Bald, Cousland & Co.), features a portrait of Thomas Jefferson at right, a steam train rumbling through the countryside at top center, and a family of ducks at bottom center. All four pieces have had beautiful orange tints applied to them. PMG mentions a tape repair and cancellation tears. Each Proof has six POCs along the signature lines.
A production of Bald, Cousland & Co., our current offering is the first uncut Proof sheet that we have auctioned from this issuer. The Tioga County Bank opened in 1857 and continued in business until 1867, when it was succeeded by the private banking firm B.C. Wickham & Co. That firm failed in 1883. Four denominations are represented here, and all four pieces have different vignettes. At left on the $10 is a male portrait, at center is a depiction of men traversing a river on a raft, and at right is a sailor tipping his hat to the bearer of the note. The $20 is graced by portraits of Benjamin Franklin (left) and George Washington (right), as well as a mining illustration at center. On the $50, there are vignettes of President James Buchanan at left, a Native American with a tomahawk at right, and a farmer with his children, dog, and horse at center. Finally, the $100, with a layout quite similar to the $100 Bank of the Empire State Georgia Obsolete (also printed by Bald, Cousland & Co.), features a portrait of Thomas Jefferson at right, a steam train rumbling through the countryside at top center, and a family of ducks at bottom center. All four pieces have had beautiful orange tints applied to them. PMG mentions a tape repair and cancellation tears. Each Proof has six POCs along the signature lines.
Alton, RI- Richmond Bank $10 Aug. 12, 185__ G10 Durand 17a Proof PMG Choice Uncirculated 63.
The bank was originally organized in 1856 in Richmond but quickly relocated to Alton (by no later than April 1857). After moving to Hopkinton in 1865, the bank was succeeded by the First National Bank of Hopkinton in 1866. The $10 design features a wonderful large detailed vignette of three iron workers forging a billet of iron flanked by a portrait of Henry Clay and a vignette of a farm woman feeding fowl. The note is printed on India paper with six POCs in the signature spaces, with PMG mentioning a minor repair which is apparently a small (about 5 mm) sealed internal tear between the first and second POCs. This note, with no red protector devices, did not appear in the 1990 ABNCo Archives sale in 1990 and may well be unique in Proof or, for that matter, any form. Based on the POC orientation and shapes, this note almost certainly served as the plate note in Haxby's state catalog (page 2268, Volume 4).
The bank was originally organized in 1856 in Richmond but quickly relocated to Alton (by no later than April 1857). After moving to Hopkinton in 1865, the bank was succeeded by the First National Bank of Hopkinton in 1866. The $10 design features a wonderful large detailed vignette of three iron workers forging a billet of iron flanked by a portrait of Henry Clay and a vignette of a farm woman feeding fowl. The note is printed on India paper with six POCs in the signature spaces, with PMG mentioning a minor repair which is apparently a small (about 5 mm) sealed internal tear between the first and second POCs. This note, with no red protector devices, did not appear in the 1990 ABNCo Archives sale in 1990 and may well be unique in Proof or, for that matter, any form. Based on the POC orientation and shapes, this note almost certainly served as the plate note in Haxby's state catalog (page 2268, Volume 4).
Coventry, RI- Bank of Kent $100 18__ G46 Remainder PMG Choice Very Fine 35.
The Bank of Kent was incorporated in 1818 and remained in business as a state bank until closing its doors in 1867. This $100, which was printed by the New England BNCo, was listed as SENC (Surviving Example Not Confirmed) in Volume 4 of the Haxby books. The central depiction is a marvelous vignette of Phoebus in the Chariot of the Sun, and at right is a portrait of George Washington. The left displays an eagle, and a red HUNDRED overprint completes the design. There have been two appearances of this denomination in our auctions prior to now. Both those examples were this exact note. PMG mentions rust.
The Bank of Kent was incorporated in 1818 and remained in business as a state bank until closing its doors in 1867. This $100, which was printed by the New England BNCo, was listed as SENC (Surviving Example Not Confirmed) in Volume 4 of the Haxby books. The central depiction is a marvelous vignette of Phoebus in the Chariot of the Sun, and at right is a portrait of George Washington. The left displays an eagle, and a red HUNDRED overprint completes the design. There have been two appearances of this denomination in our auctions prior to now. Both those examples were this exact note. PMG mentions rust.
Providence, (RI)- Exchange Bank Counterfeit $10 Sep. 7, 1801 About Good, Mounted to Letter.
This interesting piece of Rhode Island history details that Jehial Ward utilized the counterfeit $10 mounted on the letter in a transaction with Edward Danforth and affirmed that it was genuine. Danforth then passed the note unknowingly to Thomas Huntington. "A. Kingsbury, Jus(tice of the) Peace" was witness to this. The note has several internal tears, pieces missing, and stains.
This interesting piece of Rhode Island history details that Jehial Ward utilized the counterfeit $10 mounted on the letter in a transaction with Edward Danforth and affirmed that it was genuine. Danforth then passed the note unknowingly to Thomas Huntington. "A. Kingsbury, Jus(tice of the) Peace" was witness to this. The note has several internal tears, pieces missing, and stains.
Providence, RI- Union Bank Spurious $5 185__ as S5 Remainder PMG Choice Uncirculated 64 EPQ.
The multitude of different bank note designs in circulation at any one time in antebellum America led to the production of spurious designs that bore no resemblance to any legitimate issues of many banks. That is the case with this $5 which features a large V containing the portraits of five early presidents flanked by vignettes of a shield depicting an anchor at left and a sidewheeler steamboat. This example is uniface while the cataloged variety has a brown-orange denominational back.
The multitude of different bank note designs in circulation at any one time in antebellum America led to the production of spurious designs that bore no resemblance to any legitimate issues of many banks. That is the case with this $5 which features a large V containing the portraits of five early presidents flanked by vignettes of a shield depicting an anchor at left and a sidewheeler steamboat. This example is uniface while the cataloged variety has a brown-orange denominational back.
Providence, (RI)- Roger Williams Bank One Share Stock Certificate Sep. 6, 1804 Very Fine.
The Roger Williams Bank was incorporated in 1803, primarily to act as the depository for funds that president Jefferson wanted deposited in a "Republican Bank." The federal deposits remained there until 1817 when they were transferred to the Providence office of the Second Bank of the United States. This early certificate is signed by both the bank's first President, Seth Wheaton, and first Cashier, Nathanial Waterman. It features an unusual vignette of an olive tree with Liberty Cap and Scales of Justice in the branches with a Native American seated below smoking a pipe along with, presumably, Roger Williams. The bank insisted that this design appear on all early notes. The certificate is in very nice condition aside from some minimal toning, minor ink erosion, a pinhole, and a small damp stain. Very rare and seldom offered.
The Roger Williams Bank was incorporated in 1803, primarily to act as the depository for funds that president Jefferson wanted deposited in a "Republican Bank." The federal deposits remained there until 1817 when they were transferred to the Providence office of the Second Bank of the United States. This early certificate is signed by both the bank's first President, Seth Wheaton, and first Cashier, Nathanial Waterman. It features an unusual vignette of an olive tree with Liberty Cap and Scales of Justice in the branches with a Native American seated below smoking a pipe along with, presumably, Roger Williams. The bank insisted that this design appear on all early notes. The certificate is in very nice condition aside from some minimal toning, minor ink erosion, a pinhole, and a small damp stain. Very rare and seldom offered.
Charleston, SC- Chicora Importing & Exporting Company 2 Shares Dec. 30, 1864 Very Fine.
A number of private companies were organized as for-profit enterprises to run the Union blockade of southern ports during the Civil War. One such company was the Charleston-based Chicora Importing & Exporting Company. The company was quite profitable and owned at various times a number of specially built blockade runners. Incorporated in 1863, the company paid dividends of $3,100 per share (shares were $1,000) between 1864 and 1865. After liquidating some assets after the war, it even paid a final $100 per share dividend in gold. The certificate is handsomely printed on blue paper with vignettes of a blockade runner and what appears to be a palmetto tree. The back has text to be used if the certificate was transferred. The certificate was printed by CSA printer Evans & Cogswell. Several pinholes are observed.
A number of private companies were organized as for-profit enterprises to run the Union blockade of southern ports during the Civil War. One such company was the Charleston-based Chicora Importing & Exporting Company. The company was quite profitable and owned at various times a number of specially built blockade runners. Incorporated in 1863, the company paid dividends of $3,100 per share (shares were $1,000) between 1864 and 1865. After liquidating some assets after the war, it even paid a final $100 per share dividend in gold. The certificate is handsomely printed on blue paper with vignettes of a blockade runner and what appears to be a palmetto tree. The back has text to be used if the certificate was transferred. The certificate was printed by CSA printer Evans & Cogswell. Several pinholes are observed.
Serial Number 1 Charleston, SC- Bank of the State of South Carolina $1 Apr. 20, 1862 G26b PMG Very Fine 20.
This bright $1 South Carolina Obsolete bears a low Serial Number 1. We auctioned a PMG 55 Net in January 2022 for $384. PMG mentions the presence of hammer cut cancellations on our current offering.
This bright $1 South Carolina Obsolete bears a low Serial Number 1. We auctioned a PMG 55 Net in January 2022 for $384. PMG mentions the presence of hammer cut cancellations on our current offering.
Charleston, SC- Bank of the State of South Carolina $2 1862 G120 Fifty Examples Fine.
We see low serial numbers 11 and 12 in this grouping. One note has a gutter error in the lower left corner. Many have been rubberstamped by Dabney, Morgan & Co. The majority have been cut cancelled with the remainder being rubberstamped as cancelled. In some cases tears are observed at the cancellations and a few have missing pieces. There will be no returns on this lot for any reason.
We see low serial numbers 11 and 12 in this grouping. One note has a gutter error in the lower left corner. Many have been rubberstamped by Dabney, Morgan & Co. The majority have been cut cancelled with the remainder being rubberstamped as cancelled. In some cases tears are observed at the cancellations and a few have missing pieces. There will be no returns on this lot for any reason.
Charleston, SC- Bank of the State of South Carolina $50 Aug. 1, 1861 G68b Sheheen 600 PMG About Uncirculated 55.
A lovely South Carolina Obsolete, this high grade piece is tied with two others for finest certified by PMG. Though this type has become a bit more easily obtained with the deaccession of the South Carolina archives, high grade examples are still difficult to acquire. Liberty and Minerva are seated together at upper right, and a red FIFTY overprint is at bottom center. PMG mentions the presence of two hammer cut cancellations, as is common for this emission.
A lovely South Carolina Obsolete, this high grade piece is tied with two others for finest certified by PMG. Though this type has become a bit more easily obtained with the deaccession of the South Carolina archives, high grade examples are still difficult to acquire. Liberty and Minerva are seated together at upper right, and a red FIFTY overprint is at bottom center. PMG mentions the presence of two hammer cut cancellations, as is common for this emission.
Charleston, SC- Bank of the State of South Carolina $100 Aug. 1, 1861 G72b Sheheen 605 PMG Choice About Unc 58.
The Bank of the State of South Carolina was chartered on December 19, 1812, and it remained open until 1868. The state of South Carolina operated this firm for the entirety of its existence. Branches were located in Abbeville, Camden, Columbia, and Georgetown, with the principal location being Charleston. Our current Charleston offering is a very high grade representative of the $100 denomination. At right is a portrait of a woman holding grain, and at center is the South Carolina coat of arms. This piece is tied with one other for finest graded by PMG. We auctioned the other PMG Choice AU 58 example listed in the PMG Population Report for $456 in January 2023. PMG mentions wheel cut cancellations and pinholes.
The Bank of the State of South Carolina was chartered on December 19, 1812, and it remained open until 1868. The state of South Carolina operated this firm for the entirety of its existence. Branches were located in Abbeville, Camden, Columbia, and Georgetown, with the principal location being Charleston. Our current Charleston offering is a very high grade representative of the $100 denomination. At right is a portrait of a woman holding grain, and at center is the South Carolina coat of arms. This piece is tied with one other for finest graded by PMG. We auctioned the other PMG Choice AU 58 example listed in the PMG Population Report for $456 in January 2023. PMG mentions wheel cut cancellations and pinholes.
Charleston, SC- State Bank $50 Oct. ?. 1854 N10 Non-Genuine Issue PMG Fine 12.
Our current offering is a non-genuine South Carolina Obsolete with a vignette of St. George slaying a dragon at center and a portrait of Chief Justice John Marshall at right. In the Sheheen reference South Carolina Obsolete Notes and Scrip, the author states on page 148 that there are 2-4 examples (R7) known of this design. PMG mentions pen cancellations and evidence of a previous mounting.
Our current offering is a non-genuine South Carolina Obsolete with a vignette of St. George slaying a dragon at center and a portrait of Chief Justice John Marshall at right. In the Sheheen reference South Carolina Obsolete Notes and Scrip, the author states on page 148 that there are 2-4 examples (R7) known of this design. PMG mentions pen cancellations and evidence of a previous mounting.
Hamburg, SC- Bank of Hamburg $10 18__ G4P Proof PMG Choice Uncirculated 63.
Chartered on December 21, 1822, the Bank of Hamburg had two iterations of itself and was ultimately closed in 1865. The President was Henry Schultz, and the Cashier was J.M. Tillman. This Proof from the first venture is a design that we have offered just twice prior to now in Proof form. One of those appearances, which occurred in August 2022, was the note in this lot. At left and right are portraits of George Washington and Benjamin Franklin respectively, and at center is Liberty with her pole and cap. There are no forms of cancellation present.
Chartered on December 21, 1822, the Bank of Hamburg had two iterations of itself and was ultimately closed in 1865. The President was Henry Schultz, and the Cashier was J.M. Tillman. This Proof from the first venture is a design that we have offered just twice prior to now in Proof form. One of those appearances, which occurred in August 2022, was the note in this lot. At left and right are portraits of George Washington and Benjamin Franklin respectively, and at center is Liberty with her pole and cap. There are no forms of cancellation present.
Marion, SC- Marion Court House 25¢ Sep. 26, 1816 Sheheen 1019 PMG Very Fine 20.
Marion, SC was named to honor Francis Marion, a Revolutionary War general who led the local militia. This extremely rare scrip note from the Marion Court House is one of only two examples of this denomination extant. The other piece was plated on page 313 of South Carolina Obsolete Notes and Scrip by Austin M. Sheheen, Jr. PMG mentions thinning and evidence of a previous mounting on our current offering.
Marion, SC was named to honor Francis Marion, a Revolutionary War general who led the local militia. This extremely rare scrip note from the Marion Court House is one of only two examples of this denomination extant. The other piece was plated on page 313 of South Carolina Obsolete Notes and Scrip by Austin M. Sheheen, Jr. PMG mentions thinning and evidence of a previous mounting on our current offering.
Unionville, SC- Cotton Planters Loan Association $5 May 15, 1862 Sheheen 1098 PMG Very Fine 25 EPQ.
Printed on the backs of Union and Spartanburg Railroad bonds, this Obsolete is from a popular bank. It was redeemable "in Gold within Six Months after the raising of the Blockade of our Coast." This piece has received PMG's well-known EPQ modifier for completely original paper and lovely eye appeal. We have not auctioned a note of this design and denomination with the designation prior to now.
Printed on the backs of Union and Spartanburg Railroad bonds, this Obsolete is from a popular bank. It was redeemable "in Gold within Six Months after the raising of the Blockade of our Coast." This piece has received PMG's well-known EPQ modifier for completely original paper and lovely eye appeal. We have not auctioned a note of this design and denomination with the designation prior to now.
Unionville, SC- Cotton Planters Loan Association $5 May 15, 1862 Sheheen 1098 PMG Very Fine 20.
Similar to the $10 denomination from this organization that we are offering in this auction, the $5 in this lot features portraits of Calhoun at lower right and a woman at upper left, as well as a vignette of workers in the cotton fields at center. This piece is printed on the backs of Union and Spartanburg Railroad bonds. There are no meaningful condition impairments.
Similar to the $10 denomination from this organization that we are offering in this auction, the $5 in this lot features portraits of Calhoun at lower right and a woman at upper left, as well as a vignette of workers in the cotton fields at center. This piece is printed on the backs of Union and Spartanburg Railroad bonds. There are no meaningful condition impairments.
Unionville, SC- Cotton Planters Loan Association $10 May 15, 1862 Sheheen 1099 PMG Very Fine 20.
The Cotton Planters Loan Association was considered a "Non-Bank" institution by Sheheen in his 2003 book South Carolina Obsolete Notes and Scrip. James Haxby also deemed it as such, as notes from this operation are unlisted in the Haxby tomes. At lower right is a portrait of John Caldwell Calhoun, the Southern states' rights activist, at upper left is a depiction of a young female, and at center are workers in the cotton fields. We auctioned an identically graded PMG VF 20 with rust in April 2024 for $312. PMG mentions rust.
The Cotton Planters Loan Association was considered a "Non-Bank" institution by Sheheen in his 2003 book South Carolina Obsolete Notes and Scrip. James Haxby also deemed it as such, as notes from this operation are unlisted in the Haxby tomes. At lower right is a portrait of John Caldwell Calhoun, the Southern states' rights activist, at upper left is a depiction of a young female, and at center are workers in the cotton fields. We auctioned an identically graded PMG VF 20 with rust in April 2024 for $312. PMG mentions rust.
(Embreeville), TN- Confederate Iron Works $1 Jan. 31, 1863 Schafluetzel-Carson Eb-M.CI-1-1 PCGS Very Fine 20.
According to the Schafluetzel reference, this is the sole example known for this design and one of two notes known from the issuer. It does seem rather ironic that a business with this name would be located in the eastern edge of Tennessee which was still strongly pro-Union. The circumstances suggest that this could be the Embree Iron Company which was taken over by Duff Green, a Confederate businessman during the war and renamed to something more his liking. The face of the note has an inscription: "From / Hon. LD Griswold / Elyria Ohio" which also has significance. Luther Dwight Griswold was a physician practicing in Elyria who joined the 103rd Ohio Volunteer Infantry as a surgeon in 1862. The regiment moved into East Tennessee in August 1863 and this note was taken as a souvenir somewhere along the way. After the war Griswold returned to Ohio and served in the Ohio legislature for four years. It seems likely that Griswold gave away this war remembrance sometime during his term in the legislature (thus the term "Honorable"). PCGS notes the above mentioned inscription on the face, minor stains, and small paper pulls on the back. Older descriptions suggest that this example is backed but it appears that it, instead, was printed on an old medical document that had no printing on one side. This was perhaps what attracted Dr. Griswold to the note.
According to the Schafluetzel reference, this is the sole example known for this design and one of two notes known from the issuer. It does seem rather ironic that a business with this name would be located in the eastern edge of Tennessee which was still strongly pro-Union. The circumstances suggest that this could be the Embree Iron Company which was taken over by Duff Green, a Confederate businessman during the war and renamed to something more his liking. The face of the note has an inscription: "From / Hon. LD Griswold / Elyria Ohio" which also has significance. Luther Dwight Griswold was a physician practicing in Elyria who joined the 103rd Ohio Volunteer Infantry as a surgeon in 1862. The regiment moved into East Tennessee in August 1863 and this note was taken as a souvenir somewhere along the way. After the war Griswold returned to Ohio and served in the Ohio legislature for four years. It seems likely that Griswold gave away this war remembrance sometime during his term in the legislature (thus the term "Honorable"). PCGS notes the above mentioned inscription on the face, minor stains, and small paper pulls on the back. Older descriptions suggest that this example is backed but it appears that it, instead, was printed on an old medical document that had no printing on one side. This was perhaps what attracted Dr. Griswold to the note.
LaGrange, TN- LaGrange & Memphis Railroad Company $1 184_ Remainder Garland 1386 Schafluetzel-Carson L-R.L&M-1 PMG Very Fine 30.
The LaGrange & Memphis Railroad Company was chartered in 1835 but did not begin operation until 1842 due to the Panic of 1837. The track extended just 4.5 miles. It was not long before financial hardships took their toll on the company, and in 1846, the railroad was sold to the Memphis & Charleston Railroad. This note features two seafaring vignettes of a ship at full mast (left) and an antebellum steamboat (right). At center are two allegorical females with a cotton plant, covered wagon, and wharf scene in the background. The last piece we offered from this bank was a falsely filled in PMG Choice Fine 15 remainder in November 2021 that realized $180. The note in this lot is without consequential condition impairments and should outperform that realization.
The LaGrange & Memphis Railroad Company was chartered in 1835 but did not begin operation until 1842 due to the Panic of 1837. The track extended just 4.5 miles. It was not long before financial hardships took their toll on the company, and in 1846, the railroad was sold to the Memphis & Charleston Railroad. This note features two seafaring vignettes of a ship at full mast (left) and an antebellum steamboat (right). At center are two allegorical females with a cotton plant, covered wagon, and wharf scene in the background. The last piece we offered from this bank was a falsely filled in PMG Choice Fine 15 remainder in November 2021 that realized $180. The note in this lot is without consequential condition impairments and should outperform that realization.
Memphis, TN- Commercial Bank of Tennessee $5 Jan. 1, 1863 G26a Schafluetzel-Carson M-B.Com-5-2 PMG Very Fine 25.
The bank was organized in 1854 and remained in business until 1860 when it was purchased by the Memphis Insurance Co. which retained the same bank name and charter. The bank voluntarily liquidated in 1868. It uses the same central Train in Station vignette as the CSA T3 1861 $100 Montgomery Treasury Note which was also printed by the National Bank Note Company. This design was in circulation both before and after Memphis fell to Union forces on June 6, 1862, with the later dated notes like this example being changed to eliminate references to the note being secured by bonds deposited with the Comptroller. A pleasing problem-free fully issued example.
The bank was organized in 1854 and remained in business until 1860 when it was purchased by the Memphis Insurance Co. which retained the same bank name and charter. The bank voluntarily liquidated in 1868. It uses the same central Train in Station vignette as the CSA T3 1861 $100 Montgomery Treasury Note which was also printed by the National Bank Note Company. This design was in circulation both before and after Memphis fell to Union forces on June 6, 1862, with the later dated notes like this example being changed to eliminate references to the note being secured by bonds deposited with the Comptroller. A pleasing problem-free fully issued example.
Memphis, TN- Farmers & Merchants Bank of Memphis $50 Feb. 20, 1854 G62a PMG About Uncirculated 53.
The bank was organized in 1833 and was the first established in Memphis. In 1847, the bank suspended due to a run caused by one of its own directors. The bank eventually resumed operation, but was never quite the same, finally failing for a second and final time in 1854. The $50 was issued during the bank's brief revival in 1854 and is printed on paper watermarked T.C.C. & Co. and features a vignette of an allegorical woman seated by a table with a scale on it. The left end panel contains vignettes of Justice and a train while the right end panel has an identical vignette of Justice paired with that of a steamboat. A red FIFTY protector was added to the back.
The bank was organized in 1833 and was the first established in Memphis. In 1847, the bank suspended due to a run caused by one of its own directors. The bank eventually resumed operation, but was never quite the same, finally failing for a second and final time in 1854. The $50 was issued during the bank's brief revival in 1854 and is printed on paper watermarked T.C.C. & Co. and features a vignette of an allegorical woman seated by a table with a scale on it. The left end panel contains vignettes of Justice and a train while the right end panel has an identical vignette of Justice paired with that of a steamboat. A red FIFTY protector was added to the back.
Memphis, TN- Southern Bank of Tennessee $3 Dec. 1, 1853 G6 Garland 757 Schafluetzel-Carson M-B.SBT-3-1 Remainder PMG Choice Very Fine 35.
Organized in 1854 and remaining in business until 1858, this bank's president was W.J. Davie. Many of this institution's notes exist today as remainders or are falsely filled in. At left is a Native American family looking into the distance at a city, at center is a portrayal of two men that is reminiscent of the Kentucky state steal, and at right is a portrait of President Andrew Jackson. We have offered just three examples of this design in our auctions, with the most recent to appear being another PMG Choice VF 35 that realized $600 in October 2023. The PMG back label mentions a small tear.
Organized in 1854 and remaining in business until 1858, this bank's president was W.J. Davie. Many of this institution's notes exist today as remainders or are falsely filled in. At left is a Native American family looking into the distance at a city, at center is a portrayal of two men that is reminiscent of the Kentucky state steal, and at right is a portrait of President Andrew Jackson. We have offered just three examples of this design in our auctions, with the most recent to appear being another PMG Choice VF 35 that realized $600 in October 2023. The PMG back label mentions a small tear.
Murfreesboro, TN- Exchange Bank of Tennessee $1 Nov. 1, 1852 as G2a Proof PMG About Uncirculated 55.
The bank was established as a Free Bank in 1852 and continued in business until 1857 when it suspended. It resumed business for a short period of time in 1858 before failing. The $1 design features an allegorical vignette of Justice and Liberty flanking a shield depicting the Tennessee coat of arms. An oval portrait of Hugh Lawson White, Tennessee politician and United States Senator, is at left, while two cherubs holding a 1 and the state banking die is at right. A small vignette of a cornucopia is at bottom center. The note is printed on India paper with four POCs (two of which are not completely punched through) in the signature lines and PMG noting minor corner tip repairs. This Proof was not part of the 1990 ABNCo Archives sale and was not known to Haxby in Proof form. While there is no definitive number for the surviving population for this design in Proof form it is not large.
The bank was established as a Free Bank in 1852 and continued in business until 1857 when it suspended. It resumed business for a short period of time in 1858 before failing. The $1 design features an allegorical vignette of Justice and Liberty flanking a shield depicting the Tennessee coat of arms. An oval portrait of Hugh Lawson White, Tennessee politician and United States Senator, is at left, while two cherubs holding a 1 and the state banking die is at right. A small vignette of a cornucopia is at bottom center. The note is printed on India paper with four POCs (two of which are not completely punched through) in the signature lines and PMG noting minor corner tip repairs. This Proof was not part of the 1990 ABNCo Archives sale and was not known to Haxby in Proof form. While there is no definitive number for the surviving population for this design in Proof form it is not large.
Murfreesboro, TN- Exchange Bank of Tennessee $1 Nov. 1, 1852 G2a PMG Very Fine 20.
Die Proof of Eagle and Shield Vignette used on Exchange Bank of Tennessee $1 (G4) Not Graded.
The Exchange Bank of Tennessee opened in 1852. It suspended in 1858 under interesting circumstances. A note was protested for non-payment and the resulting investigation uncovered the situation that there were no securities deposited with state authorities to redeem the bank's circulation. Apparently a clerk in the Comptroller's office had been stealing bonds deposited by free banks as security for their circulation and somehow notes were thus issued that, in fact, had no security behind them. It is unclear at this point, what, if any, role the bank played in this situation. It appears that the state stepped in in 1859 and proposed to redeem notes from other funds, essentially admitting to the state's liability for this malfeasance. Further research is needed to untangle the facts in this situation. The $1 design features Liberty and Justice seated by the Tennessee coat of arms, flanked by a portrait of Hugh Lawson White, United States Senator (1825-40), at left and the state free banking die at right, above two putti supporting a large 1. A red ONE protector completes the design.
Also included in this lot is a die Proof of the eagle and shield vignette found on a subsequent $1 issue (Haxby G4) from the bank. It is printed on India paper, mounted on card and is in essentially as printed condition with several penciled annotations on the back.
Die Proof of Eagle and Shield Vignette used on Exchange Bank of Tennessee $1 (G4) Not Graded.
The Exchange Bank of Tennessee opened in 1852. It suspended in 1858 under interesting circumstances. A note was protested for non-payment and the resulting investigation uncovered the situation that there were no securities deposited with state authorities to redeem the bank's circulation. Apparently a clerk in the Comptroller's office had been stealing bonds deposited by free banks as security for their circulation and somehow notes were thus issued that, in fact, had no security behind them. It is unclear at this point, what, if any, role the bank played in this situation. It appears that the state stepped in in 1859 and proposed to redeem notes from other funds, essentially admitting to the state's liability for this malfeasance. Further research is needed to untangle the facts in this situation. The $1 design features Liberty and Justice seated by the Tennessee coat of arms, flanked by a portrait of Hugh Lawson White, United States Senator (1825-40), at left and the state free banking die at right, above two putti supporting a large 1. A red ONE protector completes the design.
Also included in this lot is a die Proof of the eagle and shield vignette found on a subsequent $1 issue (Haxby G4) from the bank. It is printed on India paper, mounted on card and is in essentially as printed condition with several penciled annotations on the back.
Nashville, TN- Bank of Tennessee 25¢ Dec. 1, 1861 G60b PMG Choice Uncirculated 64 EPQ.
The Bank of Tennessee, chartered in 1838, was in operation until 1866. It had branches in Athens, Clarksville, Columbia, Knoxville, Memphis, Rogersville, Shelbyville, Somerville, Sparta, and Trenton. Our current offering was part of a low denomination series of Civil War emergency issuances. At center is a large antebellum steamboat. Jules Manouvrier, the printer of this note, also produced the T12 Confederate Treasury Note of 1861. J.G.M. Ramsey, a well-known Confederate Treasury agent, signed for President, as he held that position in the Knoxville branch for a time. The example in this lot is the finest certified by PMG by a large margin. The next highest graded piece is a PMG VF 20. Our estimate could very well be exceeded tonight.
The Bank of Tennessee, chartered in 1838, was in operation until 1866. It had branches in Athens, Clarksville, Columbia, Knoxville, Memphis, Rogersville, Shelbyville, Somerville, Sparta, and Trenton. Our current offering was part of a low denomination series of Civil War emergency issuances. At center is a large antebellum steamboat. Jules Manouvrier, the printer of this note, also produced the T12 Confederate Treasury Note of 1861. J.G.M. Ramsey, a well-known Confederate Treasury agent, signed for President, as he held that position in the Knoxville branch for a time. The example in this lot is the finest certified by PMG by a large margin. The next highest graded piece is a PMG VF 20. Our estimate could very well be exceeded tonight.
Nashville, TN- Traders Bank of Tennessee $1 Oct. 1, 1855 G2P Proof PMG Choice Uncirculated 64.
The Traders Bank of Tennessee opened in 1855 and remained in business until late 1862. They closed well after the city of Nashville was captured by Union forces in February 1862. At center of this beautiful note is an illustration of Ceres at right and Commerce at left, with a shield depicting a train between them. The three examples that were present in the 1990 ABNCo Archives sale likely represent the surviving Proof population. Six punch cancellations are located in the signature lines. We auctioned a PMG 66 EPQ in October 2023 for $750.
The Traders Bank of Tennessee opened in 1855 and remained in business until late 1862. They closed well after the city of Nashville was captured by Union forces in February 1862. At center of this beautiful note is an illustration of Ceres at right and Commerce at left, with a shield depicting a train between them. The three examples that were present in the 1990 ABNCo Archives sale likely represent the surviving Proof population. Six punch cancellations are located in the signature lines. We auctioned a PMG 66 EPQ in October 2023 for $750.
Randolph, TN- Merchants Association of Randolph $1 June 3, 1838 Garland 1112 (?), Schafluetzel-Carson UNL PMG Very Fine 20.
Randolph was a busy river town north of Memphis on the Mississippi River until the river changed course and railroad construction bypassed the town in favor of a terminus in Memphis. During the Panic of 1837, a number of the merchants in town went together to sponsor notes like this $1 which were then used in local commerce. This variety, which has handwritten text indicating that redemption was to be made in unspecified current bank notes, is unlisted in Schafluetzel and may not be listed in Garland (Garland's description for 1112 does not indicate whether the redemption text is printed or handwritten). We are aware of two examples of this handwritten text variety at present.
Randolph was a busy river town north of Memphis on the Mississippi River until the river changed course and railroad construction bypassed the town in favor of a terminus in Memphis. During the Panic of 1837, a number of the merchants in town went together to sponsor notes like this $1 which were then used in local commerce. This variety, which has handwritten text indicating that redemption was to be made in unspecified current bank notes, is unlisted in Schafluetzel and may not be listed in Garland (Garland's description for 1112 does not indicate whether the redemption text is printed or handwritten). We are aware of two examples of this handwritten text variety at present.
Randolph, TN- Merchants Association of Randolph $3 Jan. 8, 1838 Schafluetzel-Carson Ra-M.MAR-3-2a PMG Very Good 10.
Randolph was a busy river town north of Memphis on the Mississippi River that faded from prominence in the 1840s and 1850s as it was bypassed by railroad construction. Many of the merchants in town went together to sponsor notes like this $3 which were then used in local commerce. This variety has handwritten text indicating that redemption was to be made in unspecified current bank notes. The design features two identical vignettes of Ceres, with the one on the right being a cut down version of the one in the center. They are joined by a vignette of an allegorical female, perhaps representing Music or The Arts. A small steamboat vignette is at bottom center. The note also has text indicating that it was "authorized by the state" which seems unlikely for a merchant issue in your cataloger's opinion. The note has an edge tear and a bit of edge roughness, but is completely intact with no repairs or other meaningful distractions. Schafluetzel estimated a small surviving population of perhaps 3-5 examples which seems about right.
Randolph was a busy river town north of Memphis on the Mississippi River that faded from prominence in the 1840s and 1850s as it was bypassed by railroad construction. Many of the merchants in town went together to sponsor notes like this $3 which were then used in local commerce. This variety has handwritten text indicating that redemption was to be made in unspecified current bank notes. The design features two identical vignettes of Ceres, with the one on the right being a cut down version of the one in the center. They are joined by a vignette of an allegorical female, perhaps representing Music or The Arts. A small steamboat vignette is at bottom center. The note also has text indicating that it was "authorized by the state" which seems unlikely for a merchant issue in your cataloger's opinion. The note has an edge tear and a bit of edge roughness, but is completely intact with no repairs or other meaningful distractions. Schafluetzel estimated a small surviving population of perhaps 3-5 examples which seems about right.
(Anderson), TX- Treasurer of Grimes County 50¢ May 2, 1862 Fine.
A rare Civil War issue redeemable in Confederate treasury notes in sums of $20, this is a far scarcer type with plain back. Lightly tinted background in the body of the note. Sailing ship at left. Fully signed, dated, and numbered. Seen with some pinholes and a tear at lower right. Simply a rare note.
A rare Civil War issue redeemable in Confederate treasury notes in sums of $20, this is a far scarcer type with plain back. Lightly tinted background in the body of the note. Sailing ship at left. Fully signed, dated, and numbered. Seen with some pinholes and a tear at lower right. Simply a rare note.
Athens, TX- Henderson County Treasury Warrant $1 June 11, 1863 Medlar 3 PMG Very Fine 30.
This piece is an extremely rare warrant from Henderson County. In Bob Medlar's Texas Obsolete Notes and Scrip, the author lists on page two that a $1 denomination exists, but that there is "No information available" about it. No rarity was assigned. However, Medlar was aware that the day and month of issuance were handwritten, with the year printed. We have auctioned just a sole example from this issuer in the past, a 50¢ note that served as the plate note in the Medlar reference on page two. That piece, which we graded VG-Fine, realized $460 in January 2007. We are unaware of any sales from this issuer since then. It is likely that our current offering is unique or nearly so for the denomination. We will estimate conservatively and let the bidders decide how strong the hammer price for this rarity will be.
This piece is an extremely rare warrant from Henderson County. In Bob Medlar's Texas Obsolete Notes and Scrip, the author lists on page two that a $1 denomination exists, but that there is "No information available" about it. No rarity was assigned. However, Medlar was aware that the day and month of issuance were handwritten, with the year printed. We have auctioned just a sole example from this issuer in the past, a 50¢ note that served as the plate note in the Medlar reference on page two. That piece, which we graded VG-Fine, realized $460 in January 2007. We are unaware of any sales from this issuer since then. It is likely that our current offering is unique or nearly so for the denomination. We will estimate conservatively and let the bidders decide how strong the hammer price for this rarity will be.
Austin, TX- Republic of Texas $1 Mar. 1, 1841 Cr. A1 Medlar 21 PMG Very Fine 30.
A vignette of Ceres with livestock at center and a depiction of a Native American at left grace this popular low denomination Republic of Texas emission. The usual cut cancels are present, as are stains.
A vignette of Ceres with livestock at center and a depiction of a Native American at left grace this popular low denomination Republic of Texas emission. The usual cut cancels are present, as are stains.
Austin, TX- Republic of Texas $1 May 5, 1840 Cr. A1 Medlar 21 PMG Very Fine 25.
The ace in this lot does not exhibit the toning commonly found on Texas notes from this emission. It is bright with boldly penned signatures. PMG indicates the usual cut cancels are present.
The ace in this lot does not exhibit the toning commonly found on Texas notes from this emission. It is bright with boldly penned signatures. PMG indicates the usual cut cancels are present.
Austin, TX- Republic of Texas $1 July 1, 1841 Cr. A1 Medlar 21 PMG Choice Fine 15.
The $1 in this lot, issued under the Act of December 14, 1838, was emitted to fulfill high demand for low denomination notes. PMG mentions ink burn and the usual cut cancellations on our current offering.
The $1 in this lot, issued under the Act of December 14, 1838, was emitted to fulfill high demand for low denomination notes. PMG mentions ink burn and the usual cut cancellations on our current offering.
Austin, TX- Republic of Texas $2 Apr. 1, 1841 Cr. A2 Medlar 22 PMG About Uncirculated 53.
This wonderful high grade Texas piece is printed on bright, fresh paper with bold signatures. At center is a cowboy roping cattle, and at left is a stag. PMG mentions the usual cut cancels which are found at the bottom of the note.
This wonderful high grade Texas piece is printed on bright, fresh paper with bold signatures. At center is a cowboy roping cattle, and at left is a stag. PMG mentions the usual cut cancels which are found at the bottom of the note.
Austin, TX- Republic of Texas $3 Apr. 1, 1841 Cr. A3 Medlar 23 PMG Very Fine 30.
The Act of December 14, 1838 authorized this denomination to be issued. At left is a vignette of a cotton plant, and at center is an illustration of an allegorical female with various farming tools at her feet. She is holding a shield with a large star depicted inside it, signifying the Texas "Lone Star State" nickname. The usual cut cancels are present at bottom. We auctioned another PMG VF 30 in April 2024 for $900.
The Act of December 14, 1838 authorized this denomination to be issued. At left is a vignette of a cotton plant, and at center is an illustration of an allegorical female with various farming tools at her feet. She is holding a shield with a large star depicted inside it, signifying the Texas "Lone Star State" nickname. The usual cut cancels are present at bottom. We auctioned another PMG VF 30 in April 2024 for $900.
Austin, TX- Republic of Texas $3 June 1, 1841 Cr. A3 Medlar 23 PMG Very Fine 20.
The bright Texas $3 in this lot features a cotton plant vignette at left as well as a depiction of an allegorical female with various tools of Agriculture by her feet. She holds a mural illustrating the "Lone Star" that Texas is well-known for. PMG mentions small pieces missing from ink burn. The usual cut cancels are present.
The bright Texas $3 in this lot features a cotton plant vignette at left as well as a depiction of an allegorical female with various tools of Agriculture by her feet. She holds a mural illustrating the "Lone Star" that Texas is well-known for. PMG mentions small pieces missing from ink burn. The usual cut cancels are present.
Austin, TX- Republic of Texas $5 Jan. (?) 27, 1840 Cr. A4 Medlar 24 PMG Very Fine 20 Net.
PMG notes that the cut cancels in the signatures on this example have been repaired with tape.
PMG notes that the cut cancels in the signatures on this example have been repaired with tape.
Austin, TX- Republic of Texas $5 Jan. 21, 1840 Cr. A4 Medlar 24 PMG Very Fine 20.
There are no meaningful condition impairments on this fully framed Texas Obsolete with bright eye appeal and color. The usual cut cancels are present.
There are no meaningful condition impairments on this fully framed Texas Obsolete with bright eye appeal and color. The usual cut cancels are present.
Austin, TX- Republic of Texas $5 Jan. 24, 1839 Cr. A4 Medlar 24 PMG Choice Fine 15.
From the popular Lone Star issue, this $5 has the almost universally found cut cancels, but is repair-free with no other meaningful distractions.
From the popular Lone Star issue, this $5 has the almost universally found cut cancels, but is repair-free with no other meaningful distractions.
Austin, TX- Republic of Texas $10 July 26, 1839 Cr. A5 Medlar 25 PMG About Uncirculated 55.
The lovely Republic of Texas cut cancelled $10 in this lot features splendid color. A bright orange "Lone Star" back is present, as is a full frame and little evidence of circulation. At right is an always desired vignette of a ship sailing the high seas, and at left is Jupiter with a lightning bolt. We auctioned a PMG 58 EPQ in August 2024 for $1,620.
The lovely Republic of Texas cut cancelled $10 in this lot features splendid color. A bright orange "Lone Star" back is present, as is a full frame and little evidence of circulation. At right is an always desired vignette of a ship sailing the high seas, and at left is Jupiter with a lightning bolt. We auctioned a PMG 58 EPQ in August 2024 for $1,620.
Austin, TX- Republic of Texas $10 Jan. 15, 1840 Cr. A5 Medlar 25 PMG Very Fine 25 EPQ.
A classic Rawdon, Wright & Hatch design with a George Hatch-signed vignette of Jupiter joined by vignettes of a water goddess at center and a large sailing vessel under full sail at right. A small vignette of the Texas Lone Star is at bottom center and the back, of course, is the hallmark orange Lone Star design. While the note bears the usual cut cancels, it has received an EPQ designation from PMG thanks to its great colors and bright crisp paper with original surfaces.
A classic Rawdon, Wright & Hatch design with a George Hatch-signed vignette of Jupiter joined by vignettes of a water goddess at center and a large sailing vessel under full sail at right. A small vignette of the Texas Lone Star is at bottom center and the back, of course, is the hallmark orange Lone Star design. While the note bears the usual cut cancels, it has received an EPQ designation from PMG thanks to its great colors and bright crisp paper with original surfaces.
Austin, TX- Republic of Texas $10 Jan. 25, 1840 Cr. A5 Medlar 25 PMG Very Fine 20.
The bright Texas $10 in this lot possesses nice color and dark signatures. The usual cut cancels are present. We auctioned a PMG Fine 12 with minor issues for $384 in September 2024.
The bright Texas $10 in this lot possesses nice color and dark signatures. The usual cut cancels are present. We auctioned a PMG Fine 12 with minor issues for $384 in September 2024.
Austin, TX- Republic of Texas $20 Jan. 15, 1840 Cr. A6 Medlar 26 PMG Very Fine 20 Net.
This example has tape repairs of the cut cancels that are also found on the vast majority of notes from this particular emission.
This example has tape repairs of the cut cancels that are also found on the vast majority of notes from this particular emission.
Austin, TX- Republic of Texas $20 Jan. 25, 1840 Cr. A6 Medlar 26 PMG Choice Fine 15.
This note depicts Liberty and a Native American flanking a shield with a Lone Star on it. A vignette of Nehamathla, (some sources list the spelling as Neamathla) who was a leader of the Red Stick Creek / Seminoles in northern Florida during the early decades of the nineteenth century, appears at left, while a rendition of the Virginia coat of arms appears at lower right. PMG mentions the usual cut cancels that almost universally inhabit surviving examples from this series.
This note depicts Liberty and a Native American flanking a shield with a Lone Star on it. A vignette of Nehamathla, (some sources list the spelling as Neamathla) who was a leader of the Red Stick Creek / Seminoles in northern Florida during the early decades of the nineteenth century, appears at left, while a rendition of the Virginia coat of arms appears at lower right. PMG mentions the usual cut cancels that almost universally inhabit surviving examples from this series.
Austin, TX- Republic of Texas $20 Jan. 27, 1840 Cr. A6 Medlar 26 PMG Choice Fine 15.
The $20 in this lot was a part of the "Lone Star" emission of Texas notes, aptly named for the large star that appears on the orange back. At left on the face is a Native American, at center is another Native American and an allegorical female, and at right is Minerva standing triumphantly over her fallen enemy. There are cut cancels present.
The $20 in this lot was a part of the "Lone Star" emission of Texas notes, aptly named for the large star that appears on the orange back. At left on the face is a Native American, at center is another Native American and an allegorical female, and at right is Minerva standing triumphantly over her fallen enemy. There are cut cancels present.
Austin, TX- Republic of Texas $20 Jan. 27, 1840 Cr. A6 Medlar 26 PMG About Uncirculated 55 EPQ.
The note has vignettes of Liberty and a Native American standing by a Lone Star shield and a rendition of the coat of arms of Virginia, but the most interesting vignette, signed by Freeman Rawdon, is that of Nehamathla (some sources list the spelling as Neamathla), who was a leader of the Red Stick Creek/Seminoles in northern Florida during the early decades of the nineteenth century. The hallmark Lone Star back, importantly, has retained its original bright orange hue, with no indications of oxidation. The note does have the ubiquitous cut cancels in the signatures but is repair free and quite desirable in terms of its visual appeal. Of the nearly 500 examples registered in the PMG Population Report, this note is in the top 7% or so of the population.
The note has vignettes of Liberty and a Native American standing by a Lone Star shield and a rendition of the coat of arms of Virginia, but the most interesting vignette, signed by Freeman Rawdon, is that of Nehamathla (some sources list the spelling as Neamathla), who was a leader of the Red Stick Creek/Seminoles in northern Florida during the early decades of the nineteenth century. The hallmark Lone Star back, importantly, has retained its original bright orange hue, with no indications of oxidation. The note does have the ubiquitous cut cancels in the signatures but is repair free and quite desirable in terms of its visual appeal. Of the nearly 500 examples registered in the PMG Population Report, this note is in the top 7% or so of the population.
Austin, TX- Republic of Texas $50 Jan. 15, 1840 Cr. A7 Medlar 27 PMG Very Fine 25.
This excellent mid-grade Republic of Texas $50 has seen time in circulation but retains excellent eye appeal with deeply inked signatures and bold, unoxidized orange color on the back. The usual cut cancels are present.
This excellent mid-grade Republic of Texas $50 has seen time in circulation but retains excellent eye appeal with deeply inked signatures and bold, unoxidized orange color on the back. The usual cut cancels are present.
Austin, TX- Republic of Texas $100 Jan. 1, 1840 Cr. A8 Medlar 28 PMG Very Fine 25.
The high denomination Republic of Texas note in this lot displays excellent color and even wear. At left is a passenger train vignette, at right is a sailing ship, and at center is a detailed illustration of Mercury, Commerce, and a griffin. We auctioned a PMG VF 30 for $1,740 in August 2024. The usual cut cancels are present.
The high denomination Republic of Texas note in this lot displays excellent color and even wear. At left is a passenger train vignette, at right is a sailing ship, and at center is a detailed illustration of Mercury, Commerce, and a griffin. We auctioned a PMG VF 30 for $1,740 in August 2024. The usual cut cancels are present.
Austin, TX- Republic of Texas Naval Appropriation Warrant $50 Apr. 23, 1841 Cr. AW4 Medlar 46 PMG Choice About Unc 58.
Naval Appropriation Certificates were actually used for the second Texian Navy after the first had lost all four of its ships by 1837 due to war and Mother Nature. Commodore Edwin Moore was the chief officer of the navy. He and Sam Houston had different naval policies which led to these certificates being used to pay the men of the Texian Navy. This note is nicely embossed and fully framed. There are three neatly done cut cancels. The endorsements on these always carry the seaman's job: in this case, a fireman. These warrants are always in high demand.
Naval Appropriation Certificates were actually used for the second Texian Navy after the first had lost all four of its ships by 1837 due to war and Mother Nature. Commodore Edwin Moore was the chief officer of the navy. He and Sam Houston had different naval policies which led to these certificates being used to pay the men of the Texian Navy. This note is nicely embossed and fully framed. There are three neatly done cut cancels. The endorsements on these always carry the seaman's job: in this case, a fireman. These warrants are always in high demand.
Austin, TX- Treasury Warrant $5 June 26, 1862 Cr. 11 Medlar 105 PMG Choice Uncirculated 64.
The high grade Texas Treasury Warrant in this lot is well printed with great embossing and white margins. A green underprint is present on the face.
The high grade Texas Treasury Warrant in this lot is well printed with great embossing and white margins. A green underprint is present on the face.
Austin, TX- Treasury Warrant $10 June 28, 1862 Cr. 17 Medlar 110 PMG Choice Uncirculated 63.
The red underprint on this piece is especially bold. A sailing ship is featured at left. These warrants were used for both civil and military service, with our current offering being for military service.
The red underprint on this piece is especially bold. A sailing ship is featured at left. These warrants were used for both civil and military service, with our current offering being for military service.
(Austin), TX- Republic of Texas Land Grant Sept. 23, 1845 Very Fine.
Signed by Anson Jones, the last President of the Republic of Texas, three months before the republic attained statehood. It is printed on vellum with a blind embossed Texas seal. The ribbon at lower left once held a state seal. The penmanship on the recto is as bold as if it were printed just last week. President Anson Jones' signature remains bold. At the ceremony setting up the government of Texas as a state in the Union on February 19, 1846, Jones declared, "The Republic of Texas is no more." Made out to the heirs of Jacob Stifler of Gonzales County. He arrived in Texas and joined the Texian Army in 1835, fighting in the San Antonio area under Colonel Burleson. He met his untimely demise in 1837 at the hands of the Comanche Indians. This large land grant has a very small right edge split and some mild back discoloration. Nevertheless, nothing can change the fact that this is a piece of history from the waning days of the Republic of Texas. A rare item and certainly worthy of a solid four-figure price.
Signed by Anson Jones, the last President of the Republic of Texas, three months before the republic attained statehood. It is printed on vellum with a blind embossed Texas seal. The ribbon at lower left once held a state seal. The penmanship on the recto is as bold as if it were printed just last week. President Anson Jones' signature remains bold. At the ceremony setting up the government of Texas as a state in the Union on February 19, 1846, Jones declared, "The Republic of Texas is no more." Made out to the heirs of Jacob Stifler of Gonzales County. He arrived in Texas and joined the Texian Army in 1835, fighting in the San Antonio area under Colonel Burleson. He met his untimely demise in 1837 at the hands of the Comanche Indians. This large land grant has a very small right edge split and some mild back discoloration. Nevertheless, nothing can change the fact that this is a piece of history from the waning days of the Republic of Texas. A rare item and certainly worthy of a solid four-figure price.
Carthage, TX- Panola County $5 Oct. 19, 1861 Medlar 4 PMG Choice Very Fine 35.
A rare note, this piece is only the second Medlar 4 to pay us a visit. The denomination of $10 is penned on this Medlar number that was printed on ruled tablet paper. It also has a penned serial number of 8, a blind embossed county seal at lower left, and a signature of the chief justice of the county. The only other Medlar 4 to be in our auctions was a PMG VF 30 $10 with annotations that realized $1,320 in April 2021. Our current offering has small tears and minor ink burn. We also noticed that the back has incorrect pencilled Bieciuk and Corbin numbers. We auctioned this same note for $900 as part of our 2021 Michael S. Tallent collection offering.
A rare note, this piece is only the second Medlar 4 to pay us a visit. The denomination of $10 is penned on this Medlar number that was printed on ruled tablet paper. It also has a penned serial number of 8, a blind embossed county seal at lower left, and a signature of the chief justice of the county. The only other Medlar 4 to be in our auctions was a PMG VF 30 $10 with annotations that realized $1,320 in April 2021. Our current offering has small tears and minor ink burn. We also noticed that the back has incorrect pencilled Bieciuk and Corbin numbers. We auctioned this same note for $900 as part of our 2021 Michael S. Tallent collection offering.
Halletsville (sic), TX- Lavaca County 50¢ Nov. 18, 1862 Medlar 5 PMG Fine 12.
The note was receivable for county dues during the war and, interestingly, was redeemable in Confederate Treasury Notes after the ratification of a treaty of peace. The note is fully issued with a number of stains and a small pen annotation in the lower left back corner. The proper spelling of the town is "Hallettsville."
The note was receivable for county dues during the war and, interestingly, was redeemable in Confederate Treasury Notes after the ratification of a treaty of peace. The note is fully issued with a number of stains and a small pen annotation in the lower left back corner. The proper spelling of the town is "Hallettsville."
Houston, TX- Government of Texas $10 Dec. 10, 1838 Cr. H17 Medlar 60 PCGS Banknote Choice About Uncirculated 58 PPQ.
Authorized under the Act of June 9, 1837, Government of Texas notes were issued from January 15, 1838 through February 1839, in a total amount of $650,629 across all denominations. Printed by Draper, Toppan, Longacre & Co., this $10 features a vignette of an antebellum steamboat traveling down a river at left and an allegorical maiden leaning on a pillar at right. This Cr. H17 variety is characterized by lack of shading on the tops of the letters of "Government." Our current offering is in Choice condition, with a full frame and wide margins, bright paper, and little evidence of handling. Three cut cancellations are present, as is normal for notes of this type.
Authorized under the Act of June 9, 1837, Government of Texas notes were issued from January 15, 1838 through February 1839, in a total amount of $650,629 across all denominations. Printed by Draper, Toppan, Longacre & Co., this $10 features a vignette of an antebellum steamboat traveling down a river at left and an allegorical maiden leaning on a pillar at right. This Cr. H17 variety is characterized by lack of shading on the tops of the letters of "Government." Our current offering is in Choice condition, with a full frame and wide margins, bright paper, and little evidence of handling. Three cut cancellations are present, as is normal for notes of this type.
Houston, TX- Government of Texas $10 Apr. 1, 1838 Cr. H17 Medlar 61 PMG Very Fine 20.
Bearing the clerical signature of Sam Houston, this bright mid-grade Government of Texas Obsolete is fully framed. At right is an allegorical female seated by a column, and at left is an antebellum steamboat. PMG mentions the usual cut cancels.
Bearing the clerical signature of Sam Houston, this bright mid-grade Government of Texas Obsolete is fully framed. At right is an allegorical female seated by a column, and at left is an antebellum steamboat. PMG mentions the usual cut cancels.
La Grange, TX- Fayette County 25¢ Oct. 4, 1862 Medlar 1 PMG Very Fine 20.
An interesting piece of Texas history, this note was signed by Z.M.P. French as clerk and William J. Russell as chief justice. Russell is said to have fired the first shot of the Texas Revolution from the schooner Brazoria at the Battle of Velasco on June 26, 1832. This early Civil War era 25¢ note was payable in Confederate treasury notes when presented in sums of $20. There is some light staining observed.
An interesting piece of Texas history, this note was signed by Z.M.P. French as clerk and William J. Russell as chief justice. Russell is said to have fired the first shot of the Texas Revolution from the schooner Brazoria at the Battle of Velasco on June 26, 1832. This early Civil War era 25¢ note was payable in Confederate treasury notes when presented in sums of $20. There is some light staining observed.
Nacogdoches, TX- Kelsey H. Douglass $2-$2-$3-$5 18__ Medlar 2-2-3-4 Uncut Sheet PMG About Uncirculated 50.
Kelsey Douglass came to Texas before the Revolution and ran a successful mercantile enterprise. He represented Nacogdoches County in the House of Representatives of the Second Congress in Houston in 1837-38. Douglass became a charter member of the Masonic Grand Lodge of Texas. He married Minerva Benton. Douglass died in Nacogdoches on October 4, 1840, and is buried in Oak Grove Cemetery. The town of Douglass in Nacogdoches County is named in his honor. While his notes were widely accepted during his lifetime, his wife went bankrupt after his death paying off the business's debts and banknotes. Each note has a lightly penned X cancellation. The back label states large splits, which are horizontal and found near the top of the second, third, and fourth notes.
Kelsey Douglass came to Texas before the Revolution and ran a successful mercantile enterprise. He represented Nacogdoches County in the House of Representatives of the Second Congress in Houston in 1837-38. Douglass became a charter member of the Masonic Grand Lodge of Texas. He married Minerva Benton. Douglass died in Nacogdoches on October 4, 1840, and is buried in Oak Grove Cemetery. The town of Douglass in Nacogdoches County is named in his honor. While his notes were widely accepted during his lifetime, his wife went bankrupt after his death paying off the business's debts and banknotes. Each note has a lightly penned X cancellation. The back label states large splits, which are horizontal and found near the top of the second, third, and fourth notes.
Portland, TX- City of Portland $50 Apr. 29, 1841 Medlar 1 PMG Choice Uncirculated 63.
The City of Portland seems to have been the brainchild of Nicholas Clopper, an entrepreneur and land speculator who divided his time between Ohio and Texas. He is best known as a driving force behind a fundraising drive in Cincinnati, OH that provided two cannons, popularly known as the "Twin Sisters," to the Republic of Texas. They played a pivotal role in the Battle of San Jacinto on April 21, 1836. Most sources believe that this promotion of the City of Portland was an unsuccessful real estate development effort. These forms were receivable for the purchase of city lots and featured vignettes of Justice standing at left, a Native American gazing at the approach of "Civilization" in the form of an approaching train at center, and Hebe watering an eagle at right. The denomination was handwritten for each certificate. PMG mentions a few small edge tears / nicks which have minimal impact on the visual appeal of this piece. This is an exceptional piece in every sense of the word.
The City of Portland seems to have been the brainchild of Nicholas Clopper, an entrepreneur and land speculator who divided his time between Ohio and Texas. He is best known as a driving force behind a fundraising drive in Cincinnati, OH that provided two cannons, popularly known as the "Twin Sisters," to the Republic of Texas. They played a pivotal role in the Battle of San Jacinto on April 21, 1836. Most sources believe that this promotion of the City of Portland was an unsuccessful real estate development effort. These forms were receivable for the purchase of city lots and featured vignettes of Justice standing at left, a Native American gazing at the approach of "Civilization" in the form of an approaching train at center, and Hebe watering an eagle at right. The denomination was handwritten for each certificate. PMG mentions a few small edge tears / nicks which have minimal impact on the visual appeal of this piece. This is an exceptional piece in every sense of the word.
Sabina City, TX- Sabina City Company $100 July 1, 1839 Medlar 5 PMG Choice Fine 15 Net.
The city of Sabine, TX was founded in 1836 by Sam Houston and Philip A. Sublett. It was first called Sabina City, which is the name on our current offering. In 1839, the name was changed to Sabine Pass. This piece features a vignette of a seated Native American looking towards the city (presumably Sabine) at center. This certificate, which was issued to Sam Houston, was redeemable in "City Lots or Lands," but it is likely that these also circulated as methods of payment for other goods and services. Medlar assigns an R7 rarity, 1-5 known, to this design in his book, on page 158. We have offered just three examples previously, so this population estimate is probably accurate. PMG mentions tape repairs. The right end has also been severed and reattached.
The city of Sabine, TX was founded in 1836 by Sam Houston and Philip A. Sublett. It was first called Sabina City, which is the name on our current offering. In 1839, the name was changed to Sabine Pass. This piece features a vignette of a seated Native American looking towards the city (presumably Sabine) at center. This certificate, which was issued to Sam Houston, was redeemable in "City Lots or Lands," but it is likely that these also circulated as methods of payment for other goods and services. Medlar assigns an R7 rarity, 1-5 known, to this design in his book, on page 158. We have offered just three examples previously, so this population estimate is probably accurate. PMG mentions tape repairs. The right end has also been severed and reattached.
Seguin, TX- Guadalupe County 75¢ July 4, 1862 Medlar 7 Fine.
"A blue paper note" is all the information divulged in Texas Obsolete Notes and Scrip by Bob Medlar for this number. Medlar lists 18 different numbers for this rare county issue and every note has a rarity rating of R7, one to five known. Our archives support this rating. The obligation states this was "Good for County Dues" and would be payable in "Confederate Treasury Notes when Twenty Dollars are presented." Signed by James Herkes McClaugherty as Chief Justice, Guadalupe County. McClaugherty died in Seguin in 1889 at the age of 77. Seguin was named in honor of Juan N. Seguin, a Tejano Texan freedom fighter. A number of small edge tears are viewed around the periphery of this wonderfully margined note.
"A blue paper note" is all the information divulged in Texas Obsolete Notes and Scrip by Bob Medlar for this number. Medlar lists 18 different numbers for this rare county issue and every note has a rarity rating of R7, one to five known. Our archives support this rating. The obligation states this was "Good for County Dues" and would be payable in "Confederate Treasury Notes when Twenty Dollars are presented." Signed by James Herkes McClaugherty as Chief Justice, Guadalupe County. McClaugherty died in Seguin in 1889 at the age of 77. Seguin was named in honor of Juan N. Seguin, a Tejano Texan freedom fighter. A number of small edge tears are viewed around the periphery of this wonderfully margined note.
Salt Lake City, Utah Territory- Bingham Canyon & Camp Floyd R.R. Co. Redeemable at Salt Lake City National Bank of Utah $1 Post Note Jan. 15, 1874 Rust 129 Nyholm 128 PMG Choice Fine 15.
Gold and silver were found in Bingham Canyon in 1863, and the Bingham Canyon & Camp Floyd Rail Road Company completed its rail line to that location in 1873. Shortly thereafter, the focus shifted to mining high quality copper ore. Eventually, the ever-expanding open pit copper mine started to swallow the town, and the last few remaining buildings were razed in 1972. The $1 design features a round vignette of an oncoming passenger train rounding a bend. This is flanked by a vignette of a Native American warrior at left and Athena standing at right complete with a small owl at her feet. A large red 1 protector and a red security panel over the signature spaces completes the face design. The back incorporates an ornate green layout indicating that the note was redeemable at the Salt Lake City National Bank of Utah (Charter 1921; in business from 1872-1876 before liquidating).
The nicest Rust 129 that we have offered, this example has ample margins all the way around and dark pen signatures of Secretary Wm. B. Welles and President C. W. Scofield. This elaborate design was printed by H. Seibert & Bros. in New York City.
Gold and silver were found in Bingham Canyon in 1863, and the Bingham Canyon & Camp Floyd Rail Road Company completed its rail line to that location in 1873. Shortly thereafter, the focus shifted to mining high quality copper ore. Eventually, the ever-expanding open pit copper mine started to swallow the town, and the last few remaining buildings were razed in 1972. The $1 design features a round vignette of an oncoming passenger train rounding a bend. This is flanked by a vignette of a Native American warrior at left and Athena standing at right complete with a small owl at her feet. A large red 1 protector and a red security panel over the signature spaces completes the face design. The back incorporates an ornate green layout indicating that the note was redeemable at the Salt Lake City National Bank of Utah (Charter 1921; in business from 1872-1876 before liquidating).
The nicest Rust 129 that we have offered, this example has ample margins all the way around and dark pen signatures of Secretary Wm. B. Welles and President C. W. Scofield. This elaborate design was printed by H. Seibert & Bros. in New York City.
Salt Lake City, Utah Territory- Salt Lake City Corporation $1 June 9, 1860 Rust 112 Nyholm 122 PMG Fine 12 Net.
A large covered wagon vignette is at center on this rare Utah Territory emission. At left and right are green overprints, and the back is green, with ornate lathework at center and the phrase "Payable in U.S. Currency" across the bottom. This piece is of the second variety, which eliminated "Great" from the bank title. PMG mentions repairs.
A large covered wagon vignette is at center on this rare Utah Territory emission. At left and right are green overprints, and the back is green, with ornate lathework at center and the phrase "Payable in U.S. Currency" across the bottom. This piece is of the second variety, which eliminated "Great" from the bank title. PMG mentions repairs.
Chelsea, VT- Bank of Orange County $2 Jan. 1, 1859 G2a PMG Choice Fine 15.
The bank began operations under this name around 1856 and remained in business until becoming the Orange County National Bank of Chelsea in 1865. The $2 design features Liberty, a Revolutionary War soldier, and two Native Americans gazing at a large framed portrait of Washington at left center and another of a milkmaid with her cows at lower right. Small vignettes of a cherub and an eagle, a large orange and white 2 protector, and an overall orange tint complete the design. The note is evenly circulated and is repair-free with just a tiny notch out of the upper left margin. We last offered this note over two decades ago when it crossed the auction block for $345.
The bank began operations under this name around 1856 and remained in business until becoming the Orange County National Bank of Chelsea in 1865. The $2 design features Liberty, a Revolutionary War soldier, and two Native Americans gazing at a large framed portrait of Washington at left center and another of a milkmaid with her cows at lower right. Small vignettes of a cherub and an eagle, a large orange and white 2 protector, and an overall orange tint complete the design. The note is evenly circulated and is repair-free with just a tiny notch out of the upper left margin. We last offered this note over two decades ago when it crossed the auction block for $345.
Chelsea, VT- Bank of Orange County $5 18__ as G8a Progressive Proof PMG Uncirculated 62.
This is an interesting progressive Proof that incorporates all of the design, including the orange overall tint and orange and white FIVE protector except the main vignette which depicted a man loading a bag of flour at a mill door. This vignette has not been cut out. This is an impression of the plate taken before the vignette was rolled onto the plate. PMG notes some tears and paper pulls (in the male portrait) which do not overly distract from this interesting Proof. We last offered this item over two decades ago.
This is an interesting progressive Proof that incorporates all of the design, including the orange overall tint and orange and white FIVE protector except the main vignette which depicted a man loading a bag of flour at a mill door. This vignette has not been cut out. This is an impression of the plate taken before the vignette was rolled onto the plate. PMG notes some tears and paper pulls (in the male portrait) which do not overly distract from this interesting Proof. We last offered this item over two decades ago.
Chelsea, VT- Orange County Bank $1 Sep. 20, 1843 G2 PMG Very Good 10.
The bank used this title from around 1843-55, operating as the Bank of Orange County both before and after (ca. 1827-42 and 1856-65). The $1 design features two farmers harvesting grain at left center and a large 1 at right center. A standing allegorical woman is at left holding a cornucopia and what appears to be a rudder while an eagle on a shield appears at right. While the note has seen extended circulation, it is repair-free and completely intact with just even wear and some minimal edge roughness. We have not offered this design previously.
The bank used this title from around 1843-55, operating as the Bank of Orange County both before and after (ca. 1827-42 and 1856-65). The $1 design features two farmers harvesting grain at left center and a large 1 at right center. A standing allegorical woman is at left holding a cornucopia and what appears to be a rudder while an eagle on a shield appears at right. While the note has seen extended circulation, it is repair-free and completely intact with just even wear and some minimal edge roughness. We have not offered this design previously.
South Royalton, VT- South Royalton Bank $2 185_ G6 Remainder PMG Choice Uncirculated 64 EPQ.
The bank began operation in May 1852 and remained in business until July 1857 when it was placed in receivership. The $2 note features a large passenger train vignette flanked by the state free banking die at left and an oval portrait of Solomon Downer at right who was identified in contemporary newspaper accounts as a major stockholder in the bank. Based upon his scowl, he must have had a premonition about the bank's fate. The note is fully framed and repair-free with no meaningful distractions.
The bank began operation in May 1852 and remained in business until July 1857 when it was placed in receivership. The $2 note features a large passenger train vignette flanked by the state free banking die at left and an oval portrait of Solomon Downer at right who was identified in contemporary newspaper accounts as a major stockholder in the bank. Based upon his scowl, he must have had a premonition about the bank's fate. The note is fully framed and repair-free with no meaningful distractions.
St. Alban's, VT- St. Alban's Bank $3 18__ G6P Proof PMG Gem Uncirculated 65 EPQ.
Chartered in 1853, the St. Alban's Bank operated until 1866, when it closed and became the Vermont National Bank, charter 1583. This design, which features no overprint, was likely made only as a Proof. At left is a vignette of workers with a horse, at bottom center is a Native American female, and at right is a woman with bundles of wheat. Based upon the position of the five punch cancels, it can be determined that this note was indeed utilized on page 2472 of James Haxby's United States Obsolete Bank Notes 1782-1866: Volume 4. We have auctioned this particular Proof just once before. That appearance garnered $780 in April 2020. The surviving population is currently two examples, including our current offering.
Chartered in 1853, the St. Alban's Bank operated until 1866, when it closed and became the Vermont National Bank, charter 1583. This design, which features no overprint, was likely made only as a Proof. At left is a vignette of workers with a horse, at bottom center is a Native American female, and at right is a woman with bundles of wheat. Based upon the position of the five punch cancels, it can be determined that this note was indeed utilized on page 2472 of James Haxby's United States Obsolete Bank Notes 1782-1866: Volume 4. We have auctioned this particular Proof just once before. That appearance garnered $780 in April 2020. The surviving population is currently two examples, including our current offering.
Lunenburg, VA- County of Lunenburg 75¢ (6) Mar. 29, 1862 Jones-Littlefield CL08-05 (3)-CL08-15 (3) Uncut Sheet PMG About Uncirculated 53.
This marks just the third time we have offered an uncut sheet from this issuer. The last time we auctioned a sheet from the County of Lunenburg was in January 2019. That piece, a sheet of six 10¢ notes, realized $384.
This marks just the third time we have offered an uncut sheet from this issuer. The last time we auctioned a sheet from the County of Lunenburg was in January 2019. That piece, a sheet of six 10¢ notes, realized $384.
Norfolk, VA- Merchants' Hotel 10¢ Jan. 1, 1862 PMG Fine 12.
An interesting Civil War era private issue, this 10¢ note is "Good for One Drink" at the Merchants' Hotel on No. 18 Union Street in Norfolk. The note also serves as an advertisement, promoting the hotel's "Meals served at all hours; Lodging 50 cts.; Board per Day $1.50; per week $8.75." A newspaper of the day lists John Smith, Jr. as the proprietor. We have previously offered two other examples of this issuer and denomination, both more toned than this piece.
An interesting Civil War era private issue, this 10¢ note is "Good for One Drink" at the Merchants' Hotel on No. 18 Union Street in Norfolk. The note also serves as an advertisement, promoting the hotel's "Meals served at all hours; Lodging 50 cts.; Board per Day $1.50; per week $8.75." A newspaper of the day lists John Smith, Jr. as the proprietor. We have previously offered two other examples of this issuer and denomination, both more toned than this piece.
Richmond, VA- City of Richmond 75¢-75¢-75¢ Apr. 14, 1862 Uncut Sheet of Three PMG Very Fine 25.
The City of Richmond issued a dizzying array of fractional scrip notes during 1862, with many denominations and paper sources, including uncut sheets of uncurrent bank notes. This small sheet of just three 75¢ notes was printed on plain paper. PMG mentions some ink burn, which is primarily in the penned serial numbers.
The City of Richmond issued a dizzying array of fractional scrip notes during 1862, with many denominations and paper sources, including uncut sheets of uncurrent bank notes. This small sheet of just three 75¢ notes was printed on plain paper. PMG mentions some ink burn, which is primarily in the penned serial numbers.
Wheeling, VA- North Western Bank of Virginia $5 18__ Haxby UNL Proof PMG Choice Uncirculated 63.
The North Western Bank of Virginia was an early bank, opening on February 5, 1817, and operating until 1865. It had branches located in Clarksburg, Jeffersonville, Morgantown, Parkersburg, and Wellsburg. In Haxby's book United States Obsolete Bank Notes 1782-1866: Volume 4, our current offering's design is listed, but there is no catalogue number for a Proof recorded. At left on this note is a portrait of George Washington, at center are three females seated, and at left and right of the central vignette are medallion heads. We have auctioned this Proof only once prior to now. That piece, which was also the note in this lot, realized $264 in February 2021. We expect that figure to be topped tonight. The signature spaces have been cut out.
The North Western Bank of Virginia was an early bank, opening on February 5, 1817, and operating until 1865. It had branches located in Clarksburg, Jeffersonville, Morgantown, Parkersburg, and Wellsburg. In Haxby's book United States Obsolete Bank Notes 1782-1866: Volume 4, our current offering's design is listed, but there is no catalogue number for a Proof recorded. At left on this note is a portrait of George Washington, at center are three females seated, and at left and right of the central vignette are medallion heads. We have auctioned this Proof only once prior to now. That piece, which was also the note in this lot, realized $264 in February 2021. We expect that figure to be topped tonight. The signature spaces have been cut out.
Seattle, WA- Clearing House Certificate $1,000 Dec. 13, 1911 Very Fine.
Perforated Cancelled "PAID 12-20-16." Redeemable by The National Bank of Commerce, Seattle, WA. This was charter #4375. Bottom margin imprint of Western Bank Note and Engraving Company Chicago. Allegorical women near each upper corner. Full terms of the obligation are stated clearly in the central portion including, "this certificate represents one thousand dollars United States gold coin." An incredible example of this crushingly rare item that is destined to find a new home with a serious collector who appreciates both its aesthetic charms as well as its rarity. The advanced collector of Panic Scrip as well as any devotee of rare Washington material will no doubt be intrigued by tonight's offering.
Perforated Cancelled "PAID 12-20-16." Redeemable by The National Bank of Commerce, Seattle, WA. This was charter #4375. Bottom margin imprint of Western Bank Note and Engraving Company Chicago. Allegorical women near each upper corner. Full terms of the obligation are stated clearly in the central portion including, "this certificate represents one thousand dollars United States gold coin." An incredible example of this crushingly rare item that is destined to find a new home with a serious collector who appreciates both its aesthetic charms as well as its rarity. The advanced collector of Panic Scrip as well as any devotee of rare Washington material will no doubt be intrigued by tonight's offering.
Astor (Green Bay), WI (Territory)- Unknown Issuer $500 18__ Krause UNL Proprietary Proof PMG Gem Uncirculated 65 EPQ.
This Wisconsin note is an extremely tough piece. No denomination above $50 is listed in Chester L. Krause's Wisconsin Obsolete Bank Notes and Scrip book. The last public sale of the example in this lot was in 2009, when it sold as part of an uncut pair with a $100 for $1,092. We will estimate conservatively and let the bidders decide how high this beauty will reach.
This Wisconsin note is an extremely tough piece. No denomination above $50 is listed in Chester L. Krause's Wisconsin Obsolete Bank Notes and Scrip book. The last public sale of the example in this lot was in 2009, when it sold as part of an uncut pair with a $100 for $1,092. We will estimate conservatively and let the bidders decide how high this beauty will reach.
Green Bay, Wisconsin Territory- Bank of Wisconsin $1 18__ G2 Remainder PMG About Uncirculated 55 EPQ.
The Bank of Wisconsin was chartered originally by the Michigan Territory in 1835. When the Wisconsin Territory was organized in 1836, it inherited the bank and its charter. In 1838, the bank was found to have an overissue of about $39,000 but was still adjudged to be in "sound and solvent condition" by a territorial committee. A new investigation was launched in early 1839 amidst allegations of improper banking practices. The cashier of the Bank of Wisconsin did not allow the committee to examine the bank's books, but instead issued a statement of condition as of January 7, 1839. On this basis, the committee opined that the bank was "solvent although they cannot at this time resume specie payment...." In the face of growing concerns about the bank's soundness, the bank was placed in receivership and its charter was forfeited during the course of 1839-40, with initial legislation passed on March 11, 1839.
The $1 design features Commerce and Prosperity seated with various vessels in the background with smaller vignettes of drovers with cattle, a dog lying by a strongbox symbolizing Fidelity, and a cherub completing the design.
The Bank of Wisconsin was chartered originally by the Michigan Territory in 1835. When the Wisconsin Territory was organized in 1836, it inherited the bank and its charter. In 1838, the bank was found to have an overissue of about $39,000 but was still adjudged to be in "sound and solvent condition" by a territorial committee. A new investigation was launched in early 1839 amidst allegations of improper banking practices. The cashier of the Bank of Wisconsin did not allow the committee to examine the bank's books, but instead issued a statement of condition as of January 7, 1839. On this basis, the committee opined that the bank was "solvent although they cannot at this time resume specie payment...." In the face of growing concerns about the bank's soundness, the bank was placed in receivership and its charter was forfeited during the course of 1839-40, with initial legislation passed on March 11, 1839.
The $1 design features Commerce and Prosperity seated with various vessels in the background with smaller vignettes of drovers with cattle, a dog lying by a strongbox symbolizing Fidelity, and a cherub completing the design.
Green Bay, Wisconsin Territory- Bank of Wisconsin $10 Jan. 1, 1838 G10 PMG Very Fine 20.
The Bank of Wisconsin was originally chartered by the Michigan Territory in 1835 with its charter transferred to the Wisconsin Territory. The bank's operations came under scrutiny around 1837-1838 and the bank was ultimately forced to surrender its charter and enter receivership during the course of 1839-40. The $10 design features a custom vignette depicting the site of the Treaty of Prairie du Chien (1825) at center and a beautiful vignette titled Venus Rising from the Sea engraved and signed by Freeman Rawdon at right. The note is fully issued, uncancelled, and free of any repairs or meaningful impairments.
The Bank of Wisconsin was originally chartered by the Michigan Territory in 1835 with its charter transferred to the Wisconsin Territory. The bank's operations came under scrutiny around 1837-1838 and the bank was ultimately forced to surrender its charter and enter receivership during the course of 1839-40. The $10 design features a custom vignette depicting the site of the Treaty of Prairie du Chien (1825) at center and a beautiful vignette titled Venus Rising from the Sea engraved and signed by Freeman Rawdon at right. The note is fully issued, uncancelled, and free of any repairs or meaningful impairments.
Hanchettville, WI- Hanchettville Bank 50¢ Dec. 1860 PCGS Apparent Very Fine 25.
Farm vignette scene at center, flanked by a pair of red "50" counters. Red "FIFTY" below. Allegorical female at left. Dog with safe at lower right. Imprint of Daily Wisconsin Press, Milwaukee at lower left. PCGS mentions small edge tears. Unbelievably rare.
Farm vignette scene at center, flanked by a pair of red "50" counters. Red "FIFTY" below. Allegorical female at left. Dog with safe at lower right. Imprint of Daily Wisconsin Press, Milwaukee at lower left. PCGS mentions small edge tears. Unbelievably rare.
Madison, WI- Bank of the Capitol $5 Apr. 16, 1859 S5 Spurious Issue PMG Fine 12.
On page 205 of Chester Krause's book Wisconsin Obsolete Bank Notes and Scrip, the author lists this scarce spurious emission at an R6 rarity, 5-10 known. We are aware of three examples, including our current offering, extant. We have not auctioned a note of this design since January 2009, when a raw note that we graded Fine realized $460.
On page 205 of Chester Krause's book Wisconsin Obsolete Bank Notes and Scrip, the author lists this scarce spurious emission at an R6 rarity, 5-10 known. We are aware of three examples, including our current offering, extant. We have not auctioned a note of this design since January 2009, when a raw note that we graded Fine realized $460.
Madison, WI- State Bank $5 Jan. 1, 1853 G6a Remainder PMG Choice Uncirculated 63.
Featuring a vignette of the state capitol at center on the face, this Wisconsin Obsolete is a high grade example from a scarce bank. A decorative red-orange back completes the design. This piece was plated on page 2590 in James Haxby's United States Obsolete Bank Notes 1782-1866: Volume 4. In Chester Krause's Wisconsin Obsolete Bank Notes and Scrip, the author states on page 220 that there is a surviving population of 5-10 pieces (R6). The note first sold in 2010 as part of The Eliasberg & Krause Collections, when it brought $2,760. We have auctioned it just once prior to now. That appearance was in November 2021 - the only time we have offered this design from this bank. PMG mentions four punch cancels as well as minor stains.
Featuring a vignette of the state capitol at center on the face, this Wisconsin Obsolete is a high grade example from a scarce bank. A decorative red-orange back completes the design. This piece was plated on page 2590 in James Haxby's United States Obsolete Bank Notes 1782-1866: Volume 4. In Chester Krause's Wisconsin Obsolete Bank Notes and Scrip, the author states on page 220 that there is a surviving population of 5-10 pieces (R6). The note first sold in 2010 as part of The Eliasberg & Krause Collections, when it brought $2,760. We have auctioned it just once prior to now. That appearance was in November 2021 - the only time we have offered this design from this bank. PMG mentions four punch cancels as well as minor stains.
(Madison), Wisconsin Territory- Territory of Wisconsin $5 Feb. 19, 1842 Krause (Listed w/o number, page 516) PMG Very Fine 30.
The Territory of Wisconsin issued so-called 1842 scrip to pay for various expenses incurred by the Legislative Assembly. This $5 note depicts a columned building which has a vague resemblance to the state capitol whose construction had begun in 1837 and was not completed in every detail until 1848. The note has been cut canceled, as are most from this issuer, with PMG also mentioning some minor rust spots.
The Territory of Wisconsin issued so-called 1842 scrip to pay for various expenses incurred by the Legislative Assembly. This $5 note depicts a columned building which has a vague resemblance to the state capitol whose construction had begun in 1837 and was not completed in every detail until 1848. The note has been cut canceled, as are most from this issuer, with PMG also mentioning some minor rust spots.
Milwaukee, WI (Territory)- Treasurer of the Town of Milwaukee $1 1837 Krause UNL Remainder PMG About Uncirculated 53.
The design represented in this lot is not listed in the Chester L. Krause Wisconsin Obsolete Bank Notes and Scrip reference. Printed on thick white bond paper, this piece features two identical steamboat vignettes at upper left and right. We have auctioned just four examples of this note prior to now. Our current offering is free of any significant condition detractors.
The design represented in this lot is not listed in the Chester L. Krause Wisconsin Obsolete Bank Notes and Scrip reference. Printed on thick white bond paper, this piece features two identical steamboat vignettes at upper left and right. We have auctioned just four examples of this note prior to now. Our current offering is free of any significant condition detractors.
Waupun, WI- Corn Exchange Bank $5 18__ G8a Remainder PMG Choice Uncirculated 64 EPQ.
The ABNCo printed this lovely remainder from a popular state. At left is a portrait of a young girl, at center is a seated corn picker, and at right is the state comptroller's die. A red FIVE overprint completes the design.
The ABNCo printed this lovely remainder from a popular state. At left is a portrait of a young girl, at center is a seated corn picker, and at right is the state comptroller's die. A red FIVE overprint completes the design.
Cambria, WY- Kilpatrick Bros. & Collins $5 January 1897 Remainder PMG Choice Uncirculated 64 EPQ.
Printed by Gast, a firm located in St. Louis, this Wyoming note is a lovely representative of the state, as true Wyoming Obsoletes are virtually nonexistent. This very rare piece features a mining vignette at center on the face and a depiction of a mining enterprise located in a valley on the back. The firm that issued this piece contracted with the Chicago, Burlington & Quincy Railroad to distribute coal which would be used to fuel locomotives that the railroad operated. We have offered no example finer. A PCGS Banknote 64 PPQ brought $960 in September 2024, and we very likely will see that figure tested tonight.
Printed by Gast, a firm located in St. Louis, this Wyoming note is a lovely representative of the state, as true Wyoming Obsoletes are virtually nonexistent. This very rare piece features a mining vignette at center on the face and a depiction of a mining enterprise located in a valley on the back. The firm that issued this piece contracted with the Chicago, Burlington & Quincy Railroad to distribute coal which would be used to fuel locomotives that the railroad operated. We have offered no example finer. A PCGS Banknote 64 PPQ brought $960 in September 2024, and we very likely will see that figure tested tonight.
Miscellaneous
Johnson, Malcolm - 1971 - Great Locofoco Juggernaut A New Console-a-tory Sub-Treasury Rag Monster: A Cartoon Bank Note by D.C. Johnston 38 pages Hardbound with separate engraved plate. Mint, autographed by the author.
This 38 page reference work is a collectible in its own right with marbled boards over tan cloth. Most significantly though is a separate engraved plate of this famous and rare satirical note lampooning the 1837 era financial crisis and the Jacksonian political situation concerning the Bank of the United States. Published in 1971 by the Imprint Society in a limited edition of 1,950 copies, they are rarely offered, as the last example that we auctioned was in January 2002. This copy is number 1504 and is autographed by the author on the last page.
This 38 page reference work is a collectible in its own right with marbled boards over tan cloth. Most significantly though is a separate engraved plate of this famous and rare satirical note lampooning the 1837 era financial crisis and the Jacksonian political situation concerning the Bank of the United States. Published in 1971 by the Imprint Society in a limited edition of 1,950 copies, they are rarely offered, as the last example that we auctioned was in January 2002. This copy is number 1504 and is autographed by the author on the last page.
Cyrus Durand Archive Book - Plate 38 Not Graded.
The interesting vignette sheet in this lot features eleven black and white design elements. A portrait of George Washington with Hope at left and Ceres at right is displayed at center over a grillwork pattern. Above and below are various lathework illustrations. A "10" overlaid on an "X" is directly above the central depiction. There are glue stains and foxing on the face.
The interesting vignette sheet in this lot features eleven black and white design elements. A portrait of George Washington with Hope at left and Ceres at right is displayed at center over a grillwork pattern. Above and below are various lathework illustrations. A "10" overlaid on an "X" is directly above the central depiction. There are glue stains and foxing on the face.
Cyrus Durand Archive Book - Plate 43 Not Graded.
Eleven elements printed in black and white are present on this interesting vignette sheet. At top center is General Nathanael Greene, and at bottom center is an unknown jurist. This unknown portrait is flanked by two frames containing intricate lathework, one per side. In between the top of the jurist depiction and the bottom of the Greene illustration is a panel with micro-letter "THREE"s inside it. A grillwork pattern is at the very bottom. There are five other lathe elements present. Glue foxing is observed.
Eleven elements printed in black and white are present on this interesting vignette sheet. At top center is General Nathanael Greene, and at bottom center is an unknown jurist. This unknown portrait is flanked by two frames containing intricate lathework, one per side. In between the top of the jurist depiction and the bottom of the Greene illustration is a panel with micro-letter "THREE"s inside it. A grillwork pattern is at the very bottom. There are five other lathe elements present. Glue foxing is observed.
Cyrus Durand Archive Book - Plate 48 Not Graded.
There are eleven design elements on our current offering, all printed in black and white. The stampede of livestock featured at center was utilized by Danforth, Wright & Co. to print several Obsoletes. Circles of lathework flank that center vignette. At the top, two dies are on either side of a large hexagon, and above those patterns is a small shield. Two open lathework circles are at bottom with a large die at center, and a large shield is below. Glue stains are present on the face.
There are eleven design elements on our current offering, all printed in black and white. The stampede of livestock featured at center was utilized by Danforth, Wright & Co. to print several Obsoletes. Circles of lathework flank that center vignette. At the top, two dies are on either side of a large hexagon, and above those patterns is a small shield. Two open lathework circles are at bottom with a large die at center, and a large shield is below. Glue stains are present on the face.
Cyrus Durand Archive Book - Plate 51 Not Graded.
There are a total of 15 design elements. Twelve are printed in black and white, while three are printed in a dark red color. The first design element, a male portrait at center, is affixed to a black and white micro-letter "THREE" pattern. Dark red die counters are at either end, surrounded by black frames. Another black and white frame is around a dark red lathework pattern at upper center with three small black pieces above and to each side. A large "N" with micro-letter "ONE"s is at bottom center, with small cycloidals at either end. Finally, at the very bottom is a grillwork element. Glue stains are noticed.
There are a total of 15 design elements. Twelve are printed in black and white, while three are printed in a dark red color. The first design element, a male portrait at center, is affixed to a black and white micro-letter "THREE" pattern. Dark red die counters are at either end, surrounded by black frames. Another black and white frame is around a dark red lathework pattern at upper center with three small black pieces above and to each side. A large "N" with micro-letter "ONE"s is at bottom center, with small cycloidals at either end. Finally, at the very bottom is a grillwork element. Glue stains are noticed.
Cyrus Durand Archive Book - Plates 58, 61, and 68 Not Graded.
This lot comprises three plates from the Cyrus Durand Archive book. Plate 58 has three denominational counters in the Danforth Wright & Co. Style; a 20, 50, and a different 20. While these are printed in black they would often have been printed in another color such as red for use on notes. Plate 61 displays six counters and dies of various styles, all printed in black ink. At bottom is a portrait of Jonathan Olmstead, cashier of the Marine Bank of Georgia until his death during the yellow fever epidemic of 1854 in Savannah. Plate 68 includes six counters and a lathework panel. Of particular interest are the two small round high denomination 100 and 1000 Dollar counters which are seldom, if ever, encountered. All three plates have minimal toning around their peripheries which in no way detracts from the elements themselves.
This lot comprises three plates from the Cyrus Durand Archive book. Plate 58 has three denominational counters in the Danforth Wright & Co. Style; a 20, 50, and a different 20. While these are printed in black they would often have been printed in another color such as red for use on notes. Plate 61 displays six counters and dies of various styles, all printed in black ink. At bottom is a portrait of Jonathan Olmstead, cashier of the Marine Bank of Georgia until his death during the yellow fever epidemic of 1854 in Savannah. Plate 68 includes six counters and a lathework panel. Of particular interest are the two small round high denomination 100 and 1000 Dollar counters which are seldom, if ever, encountered. All three plates have minimal toning around their peripheries which in no way detracts from the elements themselves.
Cyrus Durand Archive Book - Plate 63 Not Graded.
Three elements are present on this vignette sheet, with all three being printed in a red-orange color. The centerpiece is a large "MARINE" print which was meant for the back of an Obsolete, possibly a note from the Marine Bank of Georgia. This is surrounded by intricate lathework. The top and bottom of the sheet both feature circular dies. As on a multitude of other sheets, this piece has glue stains.
Three elements are present on this vignette sheet, with all three being printed in a red-orange color. The centerpiece is a large "MARINE" print which was meant for the back of an Obsolete, possibly a note from the Marine Bank of Georgia. This is surrounded by intricate lathework. The top and bottom of the sheet both feature circular dies. As on a multitude of other sheets, this piece has glue stains.
Cyrus Durand Archive Book - Plate 66 Not Graded.
There are eleven elements on this sheet, with two of them printed in both black and red. The central bar is a red panel of spiral lathe. The left and right sides contain three intricate dies apiece. At upper center is a small black die with a white "100" inside it, and around the die is red lathework. At lower center is a similar layout, but the design and size of the die are different, and there is a "6" inside the die instead of a "100." The "6" was executed in the same style as the "6" on the Bank of Clarendon $6 North Carolina Obsolete. Glue stains are present.
There are eleven elements on this sheet, with two of them printed in both black and red. The central bar is a red panel of spiral lathe. The left and right sides contain three intricate dies apiece. At upper center is a small black die with a white "100" inside it, and around the die is red lathework. At lower center is a similar layout, but the design and size of the die are different, and there is a "6" inside the die instead of a "100." The "6" was executed in the same style as the "6" on the Bank of Clarendon $6 North Carolina Obsolete. Glue stains are present.
Cyrus Durand Archive Book - Plate 69 Not Graded.
The vignette sheet in this lot contains eleven elements printed in black and white. A micro-letter "THREE" die is featured at center with a wide array of die counters surrounding the central piece. The majority of these designs were printed in Danforth, Wright & Co. style. Minor stains and foxing are noticed.
The vignette sheet in this lot contains eleven elements printed in black and white. A micro-letter "THREE" die is featured at center with a wide array of die counters surrounding the central piece. The majority of these designs were printed in Danforth, Wright & Co. style. Minor stains and foxing are noticed.
Cyrus Durand Archives Book - Plates 71 and 77 Not Graded,
Plate 71 from the Cyrus Durand Archives Book features eleven counters and dies as well as a small dog vignette that would typically appear between the signatures on the bottom edge of a bank note. The counters are printed in black as well as dark rust-red and are quite intricate and detailed. The center counter has a large piece missing. Plate 77 contains eight counters and dies printed in black as well as a striking panel comprising a large number of small hexagonal 3/THREE dies printed in rust-red. A triangular portion of the large panel is missing.
Plate 71 from the Cyrus Durand Archives Book features eleven counters and dies as well as a small dog vignette that would typically appear between the signatures on the bottom edge of a bank note. The counters are printed in black as well as dark rust-red and are quite intricate and detailed. The center counter has a large piece missing. Plate 77 contains eight counters and dies printed in black as well as a striking panel comprising a large number of small hexagonal 3/THREE dies printed in rust-red. A triangular portion of the large panel is missing.
Cyrus Durand Archive Book - Plate 90 Not Graded.
Plate 90 from the Durand Archive Book has eleven denomination counters and dies, highlighted by an impressive shield-shaped 50 counter at center. Five of the counters are partial essays with blank centers. This plate displays excellent symmetry and is in very nice condition. Another historic artifact of the security printing business.
Plate 90 from the Durand Archive Book has eleven denomination counters and dies, highlighted by an impressive shield-shaped 50 counter at center. Five of the counters are partial essays with blank centers. This plate displays excellent symmetry and is in very nice condition. Another historic artifact of the security printing business.
Vignette Card Depicting The Duke of Wellington Not Graded.
The vignette Proof in this lot was printed on India paper and neatly attached to a larger card. It features no printer's name, but the style is similar to that of Cyrus Durand. A profile portrait of the Duke of Wellington is featured at center, and surrounding the portrait is decorative lathework. A bold, bright red color was utilized to print the piece. There is minor toning around the edges of the card.
The vignette Proof in this lot was printed on India paper and neatly attached to a larger card. It features no printer's name, but the style is similar to that of Cyrus Durand. A profile portrait of the Duke of Wellington is featured at center, and surrounding the portrait is decorative lathework. A bold, bright red color was utilized to print the piece. There is minor toning around the edges of the card.
Engraving of Queen Anne by Peter Maverick ca. 1816 Not Graded.
This handsome portrait of Queen Anne, Queen of England, Scotland, and Ireland (1702-1707) and Queen of Great Britain (1707-1714) is signed and was engraved by Peter Maverick (1780-1831) in Newark, NJ circa 1816. Part of a family of engravers, Maverick is best known by numismatists for his banknote work. This portrait was published in 1816 in Albany, NY by B.D. Packard, a publisher involved in a wide range of projects. The print, which is framed in a brown mat that obscures the Packard imprint, has some damp staining. Also included is a rectangular piece with the handwritten inscription Queen Anne of England, born 1664 daughter of James 2nd ascended the throne in 1702 died July 20, 1714. The goodness of her disposition obtained for her the title of the good queen Anne. The author and date of this inscription are unknown.
This handsome portrait of Queen Anne, Queen of England, Scotland, and Ireland (1702-1707) and Queen of Great Britain (1707-1714) is signed and was engraved by Peter Maverick (1780-1831) in Newark, NJ circa 1816. Part of a family of engravers, Maverick is best known by numismatists for his banknote work. This portrait was published in 1816 in Albany, NY by B.D. Packard, a publisher involved in a wide range of projects. The print, which is framed in a brown mat that obscures the Packard imprint, has some damp staining. Also included is a rectangular piece with the handwritten inscription Queen Anne of England, born 1664 daughter of James 2nd ascended the throne in 1702 died July 20, 1714. The goodness of her disposition obtained for her the title of the good queen Anne. The author and date of this inscription are unknown.
Antebellum Indiana Wallet and Contents including Two Bank Notes ca. 1850s Not Graded
This leather wallet serves as an antebellum time capsule of sorts. The contents include a newspaper clipping with news items unrelated to banking, banks, or paper money, a rather amazing 1854 letter, written in rhyme, discussing family happenings, and two bank notes. The notes are also of Indiana origin with one being a $2 issued in 1858 by the Crawfordsville, Logansport, and Northern Indiana Rail Road Co. of Logansport while the other $1 was intended for use by the Exchange Bank of Raymond & Lawrence of Cambridge City. Other ties to the Hoosier state include the letter's datelined location, Milroy and the address of the firm mentioned in the newspaper clipping, Cambridge City. The bank notes grade around Fine condition with no repairs noted. An interesting Hoosier numismatic treasure.
This leather wallet serves as an antebellum time capsule of sorts. The contents include a newspaper clipping with news items unrelated to banking, banks, or paper money, a rather amazing 1854 letter, written in rhyme, discussing family happenings, and two bank notes. The notes are also of Indiana origin with one being a $2 issued in 1858 by the Crawfordsville, Logansport, and Northern Indiana Rail Road Co. of Logansport while the other $1 was intended for use by the Exchange Bank of Raymond & Lawrence of Cambridge City. Other ties to the Hoosier state include the letter's datelined location, Milroy and the address of the firm mentioned in the newspaper clipping, Cambridge City. The bank notes grade around Fine condition with no repairs noted. An interesting Hoosier numismatic treasure.
Copper Printing Plate for the Union Canal Co. of Pennsylvania Checks ND (ca. 1840s - 1860s ?) Not Graded.
This is a six subject copper printing plate for checks of the Union Canal Co. of Pennsylvania drawn on the Farmers' and Mechanics' Bank of Philadelphia. The Union Canal Company operated under that banner from 1811 until the 1880s while the Farmers' and Mechanics' Bank was in operation from 1807 until 1864 when it became a national bank. The printer name shown on the plate appears to be William Y. (or perhaps V.) Evans and a William Evans, whose occupation is listed as printer, is listed in the 1861 Philadelphia city directory. This suggests a rather wide range of age for the plate of between perhaps the 1840s and the mid-1860s. The plate is in excellent condition with little wear and just a couple of carbon spots noted.
This is a six subject copper printing plate for checks of the Union Canal Co. of Pennsylvania drawn on the Farmers' and Mechanics' Bank of Philadelphia. The Union Canal Company operated under that banner from 1811 until the 1880s while the Farmers' and Mechanics' Bank was in operation from 1807 until 1864 when it became a national bank. The printer name shown on the plate appears to be William Y. (or perhaps V.) Evans and a William Evans, whose occupation is listed as printer, is listed in the 1861 Philadelphia city directory. This suggests a rather wide range of age for the plate of between perhaps the 1840s and the mid-1860s. The plate is in excellent condition with little wear and just a couple of carbon spots noted.
Franklin Bank Note Company "Statue of Liberty" Vignette Steel Printing Plate ND (ca. 1886-1890s) Not Graded.
The Franklin Bank Note Company was formed in 1877 and remained an independent entity until being acquired by ABNCo and later merging with Homer Lee Bank Note Company to become a subsidiary in 1897 and ultimately a division of ABNCo in 1904. This steel printing plate dates from circa 1886 when the Statue of Liberty was dedicated on October 28, 1886, a gift from the people of France. A wonderful security printing industry artifact with a great story to tell.
The Franklin Bank Note Company was formed in 1877 and remained an independent entity until being acquired by ABNCo and later merging with Homer Lee Bank Note Company to become a subsidiary in 1897 and ultimately a division of ABNCo in 1904. This steel printing plate dates from circa 1886 when the Statue of Liberty was dedicated on October 28, 1886, a gift from the people of France. A wonderful security printing industry artifact with a great story to tell.
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Mailing Address:
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Dallas, TX 75261-6199
Street Address:
2801 W. Airport Freeway
Dallas, Texas 75261-4127
(Northwest corner of W. Airport Freeway & Valley View Lane)
All Rights Reserved
1-800-872-6467 / (214) 528-3500 / Fax: (214) 443-842