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Mount Carmel, IL- Citizens Bank $1 18__ as G2a Proof PMG About Uncirculated 53.. ...
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Sold on Jan 25, 2026 for:
$219.60
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Description
Mount Carmel, IL- Citizens Bank $1 18__ as G2a Proof PMG About Uncirculated 53.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 55ยข on the dollar.
The $1 design features a farm woman caring for her animals at center flanked by the state auditor die at left and a vignette of Ceres at right. The note has an overall red-orange tint and three large orange and white 1 protectors as well as two smaller white ONE protectors. The note is printed on India paper with the usual POCs in the signature lines. There were ten examples of this note in the 1990 ABNCo Archives sale.
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Auction Info
2026 January 25 Winter Obsolete Currency Showcase Auction #62425 (go to Auction Home page)
Auction Dates
January, 2026
25th
Sunday
Internet/Mail Bids: 10
Lot Tracking Activity: N/A
Page Views: 95
Buyer's Premium per Lot:
22% of the successful bid per lot.
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