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    Salem, MA- Merchants Bank $5 18__ as G78 Proof PMG Uncirculated 62.
    The bank was organized in 1811 and remained in business until 1865 when it became the Merchants National Bank of Salem. This note is from the New England Bank Note Co. archive book that was broken apart and sold a number of years ago. It exhibits an early NEBN design that was given a facelift, incorporating the bank name, location, and denomination in red ink. The note is printed on India paper and has the usual small POCs in the signature lines. PMG makes mention of a small missing corner tip that is of little consequence on a note of this excessive rarity. When this note was last sold in 2004 it was speculated that it was probably unique. Nothing has changed to modify that assessment
    From the Charles R. Pease, Jr. Collection, Part II

    View all of [The Charles R. Pease, Jr. Collection, Part II ]

    Auction Info

    Auction Dates
    April, 2020
    22nd-27th Wednesday-Monday
    Bids + Registered Phone Bidders: 2
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