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    Description

    Serial Number 1 Early New York City-Payable $20 Note

    (St. Louis, MO) - Bank of the State of Missouri, Payable at the Bank of America, New York $20 November 1, 1838 MO-60 G260. PCGS Very Fine 35.
    This early note, signed and dated shortly after the Bank of the State of Missouri was formed in 1837, was payable at the Bank of America in New York City. A significant example as serial number 1, plate A: the first signed and numbered note of the entire type. It is part of small cache of notes of this type that Eric acquired decades ago. A beautifully designed type. The layout is reminiscent of (the Third) Bank of the United States demand notes with the same Draper, Toppan, Carpenter, Longacre & Co. Phila. & N.Y. imprint. The payable line is a bit cramped at the beginning, only loosening up at "November," as if the writer had been concerned about running out of space. The design, similar to the branch-issued notes from the title, combines a commercial allegory with historical portraits related to Jacksonian Democrats and Missouri's role in crafting Manifest Destiny policies. At top center, a young woman wearing a wreath of flowers sits on Moneta's lap. Enthroned Moneta appears to be giving her some instruction, and points toward the steamship behind. The quartet of portraits relates to Missouri politics, finance, and westward expansion. Clockwise in from upper left are Thomas Hart Benton, Lewis F. Linn, Andrew Jackson, and Martin Van Buren. At the center of each end is a circular vignette of an eagle, with wings upraised and perched on a branch. Eric kept this special piece to represent the major type in his collection albums. Noted as "Hole Punch Cancelled," and with a pen cancel on the right face. A fascinating historical type with the superiority of being the first note.
    Ex: Eric P. Newman Numismatic Education Society


    Auction Info

    Auction Dates
    November, 2017
    1st-2nd Wednesday-Thursday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 191

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    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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