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    Scarce $1 Union Military Bond Note

    Jefferson City, MO - State of Missouri-Union Military Bond $1 July 24, 1863 Cr. UG11. PCGS Very Fine 20.
    This is a scarce third series of Union-issued circulating bonds. On March 9, 1863, $3,000,000 of circulating bonds was authorized to pay the Missouri Militia, with the enactment date engraved on the green back. The notes were payable twelve months after they were issued and paid 6%. The American Bank Note Co. engraved the plates and printed the notes, and this design features the portrait of Colonel William S. Moseley at the upper left corner that was engraved for this issue. To the right of the obligation, a dynamic seated America is depicted as a Native American princess. She has her arm around an eagle draped with the Stars and Stripes. It is standing on a globe named AMERICA and grips an olive branch. The vignette was adapted from Toppan, Carpenter & Co. dies from the 1850s. The green security back has the title at top and the "MARCH 9, 1863" enactment at bottom, with a large white "1" at each side. There are two back signatures perpendicular across the center. Rated Rarity-10 (5-15 known), in Shull-Criswell's most recent revision, and unpriced. We sold a slightly finer example from the Newman Collection in the October 2015 Part VII sale for $1,116.25 graded PCGS Very Fine 30.
    Ex: Eric P. Newman Numismatic Education Society.

    Auction Info

    Auction Dates
    May, 2016
    4th Wednesday
    Internet/Mail Bids: 12
    Lot Tracking Activity: N/A
    Page Views: 210

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) 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.
    Sold on May 4, 2016 for: Sign-in or Join (free & quick)
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