LOT #19827 |
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Nyack, NY - Rockland County Bank $10 Raised from $2 Aug. 1, 1860 NY-2045 R5 SENC. PCGS Fine 12 Apparent.. ...
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Sold on Oct 24, 2015 for:
$1,175.00
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Description
The Armenia Steamboat-Involved in the Infamous 1852 Steamboat Race
Nyack, NY - Rockland County Bank $10 Raised from $2 Aug. 1, 1860 NY-2045 R5 SENC. PCGS Fine 12 Apparent.This is likely a unique raised note example of an extremely rare and SENC $2 host note. Engraved and printed originally by the American Bank Note Company, it features an important top central vignette of the Hudson River steamboat Armenia, titled at the side. The left end shows the Bank die with raised "10" counters in the corners. At lower right is a female portrait with a raised "10" die above. The crude green protector lacks the white outlined denomination. The custom vignette evokes the tragic crash of the steamboat Henry Clay in August 1852. Both steamboats left Albany on July 28, 1852 traveling southward. Soon, their erratic and dangerous actions, such as not picking up passengers, commenced their race. Furniture was destroyed for fuel and passengers increasingly became frightened. Captain Elmendorf of the Henry Clay cut into the path of the slowing Armenia, shattering the bow and plowing into shore, up the railroad embankment in northern Manhattan. Passengers in the forward deck were thrown ashore and others never had a chance with the fires and the boat's sinking. Heavy clothes and lack of swimming prowess left 80 dead, including Nathaniel Hawthorne's sister. The Armenia picked up survivors from the scene as it witnessed the disaster. The courts cleared the owners of the Henry Clay of manslaughter. Noted with "Backed; Scuffs on Face; Small Edge Tears." Adding to the note's cachet, its backing consists of a period Banknote Reporter newspaper clipping! This is a fascinating note and currency artifact, and an important New York Obsolete note. A genuine, unaltered $2 note from this bank is easily a four-figure example if it were to be discovered.
Ex: Eric P. Newman Numismatic Education Society
Auction Info
2015 October 21 - 24 Eric P. Newman Collection Part VII Currency Signature Auction - Dallas #3539 (go to Auction Home page)
Auction Dates
October, 2015
21st-24th
Wednesday-Saturday
Bids + Registered Phone Bidders: 14
Lot Tracking Activity: N/A
Page Views: 444
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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