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    Description

    Elgin, IL- Bank of Elgin $5 18__ as G8a Proof PMG Gem Uncirculated 66 EPQ.
    The Bank of Elgin was organized in 1853 under the state's Free Banking legislation and failed in 1861, along with 89 other Free Banks, due to the financial turmoil associated with the Civil War. Printed by Wellstood, Hanks, Hay & Whiting, the main features of this attractive black and white proof, printed on India paper with the usual POCs in the signature lines, include an oval portrait of Franklin, the state auditor's die, and a large vignette of a passenger train. Neither the bank, nor the note was part of the ABNCo Archives holdings, with this example appearing in a 2005 public auction before being sold to our consignor in a private sale in 2007. We are not aware of any other public auction appearances in the last decade. This note is very rare and quite possibly unique.
    From the Charles R. Pease, Jr. Collection


    Auction Info

    Auction Dates
    March, 2020
    1st Sunday
    Internet/Mail Bids: 13
    Lot Tracking Activity: N/A
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