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Vicksburg, MS- Bank of Vicksburg $15 18__ G56 Kraus 4421p Leggett UNL Proof PMG About Uncirculated 55.. ...
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Description
Impressive Odd Denomination Vicksburg Rarity
Vicksburg, MS- Bank of Vicksburg $15 18__ G56 Kraus 4421p
Leggett UNL Proof PMG About Uncirculated 55.This magnificent odd denomination Proof hails from the first Bank of Vicksburg, which was incorporated on May 3, 1837. In addition to its parent branch in Vicksburg, the institution also established branches in Woodville and Oswego. Unfortunately, similar to other Mississippi banks of the period, the charter was soon revoked in 1840 due to the institution's inability to pay specie on its notes. The organization remained dormant for more than two decades until an attempt was made to initiate a second Bank of Vicksburg on January 17, 1862, but there are no known records that this venture ever opened for business. To historians' knowledge, there are no notes extant from the second concern. The city of Vicksburg has quite a colorful history as well. The land was originally settled by the French and eventually ceded to the United States in 1801. Named after a prominent missionary in the area, Newitt Vick, the city was officially incorporated in 1825. Only a little over two decades after our current offering was produced, Vicksburg became a stronghold for the Confederate States of America. As Jefferson Davis stated, "Vicksburg is the nail head that holds the South's two halves together." The bluffs overlooking the Mississippi River were key for Confederate artillery and denied the North any access to trading routes via ship in the area. In 1863, Union General Grant conducted a siege on the city which lasted for 47 days, ultimately leaving the Shirley House as the only structure standing in the city. Confederate General John C. Pemberton surrendered on July 4, 1863, ending the conflict. Many consider the end of this siege to be the turning point in the war, as the Confederacy was effectively split in half. At the time this piece was issued, however, sectional conflict which manifested itself in the Civil War was not yet on the horizon. The note showcases a splendid layout; at left and right are identical oval vignettes of a cherub holding a sickle, and at center is a depiction of Ceres seated on cotton bales with Commerce holding an urn next to her. This central depiction would eventually become intertwined with the Confederacy, as it was utilized by J.T. Paterson & Co. of Columbia, SC, and Hoyer & Ludwig of Richmond, VA, at upper left on the T28 Confederate Treasury Note of 1861. The design is completed by identical cameo like medallion portraits on either side of the center illustration. We have not auctioned a Proof of this denomination and design prior to now, and this is the first time we have offered a $15 Proof from any bank in Mississippi. This representative is printed on India paper with four punch cancellations present in the signature spaces. Based on the positioning of these cancellations, it can be determined that this example was employed as the plate note on page 1145 of James Haxby's United States Obsolete Bank Notes 1782-1866: Volume 2. The note in this lot presents a unique opportunity to obtain an exceptional piece of Mississippi fiscal history from a sought after collecting locale. In Proof form, it is almost certainly unique and will likely remain that way for the foreseeable future.
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Auction Info
2025 October 19 Fall U.S. Currency Obsolete Banknotes Showcase Auction #62418 (go to Auction Home page)
Auction Dates
October, 2025
19th
Sunday
Internet/Mail Bids: 1
Lot Tracking Activity: N/A
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