LOT #95341 |
Sold on Jul 27, 2025 for: Sign-in
or Join (free & quick)
Titusville, PA- Petroleum Bank $1 Faded G8a PMG Fine 12.. ...
Click the image to load the highest resolution version.
Sold on Jul 27, 2025 for:
$840.00
Bid Source: HA.com/Live bidder
Get one of these:
Explore Available Items
Description
Titusville, PA- Petroleum Bank $1 Faded G8a PMG Fine 12.Given the city's famous status as the birthplace of the modern oil industry in the United States, there could be no more appropriate name for a bank than the one chosen for this one. The bank was organized in 1862 under the state's seldom used 1861 free banking laws. The failure of a New York firm, Culver, Penn & Co. had a ripple effect, forcing the Petroleum Bank to suspend on March 28, 1866. The design features a portrait of Salmon Chase flanked by two green 1 protectors. The state free banking die is at left and an oil field scene appears at bottom right. PMG notes that this example has been repaired, although the extent of the repairs appears to be minimal. We are aware of around six issued $1s at present. PMG incorrectly lists this $1 note as a $10 on their front label,
View Certification Details from PMG
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: 138
Buyer's Premium per Lot:
20% of the successful bid per lot.
Shipping, Taxes, Terms and Bidding
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | Currency Grading Tutorial
Important information concerning Sales Tax and Resale Certificates. Learn More
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | Currency Grading Tutorial