LOT #95003 |
Starting Bid: $225
Cherokee County, AL- Cornwall Iron Works Company at Agency of the Planters Bank of Savannah at Rome GA $1 Aug. 1, 1862 Gunthe...
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Description
Cherokee County, AL- Cornwall Iron Works Company at Agency of the Planters Bank of Savannah at Rome GA $1 Aug. 1, 1862 Gunther-Derby AO-144-$1a PCGS Banknote Very Good 10 Details.The Noble family began an iron works business in 1855 and in 1862 was commissioned by the Confederate government to construct two new furnaces near present-day Cedar Bluff, AL, whose output was to be used for cannons, caissons, and other iron products. Iron production, which was sent to the company's Rome foundry, commenced in the course of late 1862 to early 1863 and continued until 1864 when the furnaces were put out of production by Union military forces. The site was rebuilt after the war with production ceasing for the second and final time in 1874. The notes were payable in Confederate Treasury Notes when presented in sums of $10 or its multiples at the firm's bank, an agency of the Planters Bank (of the State of Georgia) of Savannah located in Rome, GA. Agencies provided banking services for the parent bank, but did not issue their own notes. This $1 type features a large passenger train vignette and another of Crawford's Freedom which ironically was being readied to be placed atop the United States Capitol Dome, where it still resides today. An orange 1 - ONE DOLLAR - 1 protector and 1 DOLLAR end panel complete the design. This note, which looks like it was originally printed on the back of some type of fiscal document, has been severed, partially reattached, and backed with a period newspaper fragment. We are aware of two examples of this note at present.
Estimate: $450 - up.
Auction Info
2025 October 19 Fall U.S. Currency Obsolete Banknotes Showcase Auction #62418 (go to Auction Home page)
Proxy Bidding Ends
October
19th
Sunday
5:50 pm CT
Auction Dates
October
19th
Sunday
Proxy Bidding Time Remaining
11 Days
11h 38m 56s
Internet/Mail Bids: 0
Lot Tracking Activity: 4
Page Views: 56
Buyer's Premium per Lot:
20% of the successful bid (minimum $29) per lot.
This lot is in: 1 -
Currency Session
(Lots 95001-95642) - 6:00 PM Central Time, Sunday, October 19, 2025.
[Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live now starts within 2 hours of when the auction opens for proxy bidding and continues through the live session.]
Additional Location Info:
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Dallas, TX 75261
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