LOT #95038 |
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Washington, DC- Mercantile Bank $5 186_ G6 Remainder PMG Choice Uncirculated 64.. ...
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Sold on Jul 27, 2025 for:
$432.00
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Description
Washington, DC- Mercantile Bank $5 186_ G6 Remainder PMG Choice Uncirculated 64.The exact status of the Mercantile Bank is unclear. Newspaper articles in August 1862 reported that it was a bogus bank, closed by authorities who found $120,000 in unissued circulation with another $60,000 in circulation. These reports were followed immediately by protests from the bank that it was legitimate and redeeming its notes. Its legitimacy was quickly a moot point as it closed on November 19, 1862. The bank used notes printed by W.L. Ormsby that featured a wonderful face tint that changed gradually from red to black to green. The $5 design also features a Native American family gazing at a plow, a symbol of the advance of "Civilization." PMG mentions a penciled "10-" on the back which affects nothing. Of the thirteen examples of this note recorded in the PMG Population Report at present, only one is recorded in a higher grade.
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Auction Info
2025 July 27 Summer U.S. Currency Obsolete Banknotes Showcase Auction #62406 (go to Auction Home page)
Auction Dates
July, 2025
27th
Sunday
Internet/Mail Bids: 9
Lot Tracking Activity: N/A
Page Views: 157
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