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    Very Rare Bank of St. Louis (1st) "Five Bits" Note

    St. Louis, Missouri (T.) - Bank of St. Louis (1st) 62-1/2 Cents April 1, 1819 MO-45 G10. PCGS Very Good 8 Apparent.
    This is an important Missouri rarity and also a desirable odd denomination. It is the Haxby plate note and perhaps one of very few known. This is from a third series of Bank of St. Louis change bills printed by Murray, Draper, Fairman & Co. (Philadelphia) with engraved April 1, 1819, dates. Five denominations were printed, including this very rarely encountered 62-1/2 cent denomination (or "five bits"). The unusual denomination would have been useful for certain fares on the St. Louis & Illinois Team Boat Ferry, for example. The rectangular format is similar to Bank of North America and other Philadelphia change-bill series printed after the War of 1812. Titles and obligations are in the center with an oval-enclosed 62 ½ CENTS at the top flanked by "62 ½" denominations. Ornate end panels show the numerical denomination left and MISSOURI. at right in cartouches. Location, engraved date, and space for a signature are at the bottom. No plate letter. Unnumbered. Signed by R.[isdon] H. Price as bank "Pres't." Note the strongly penned president's signature in the aftermath of the ousting of John B. N. Smith, their crooked, previous cashier. (Normally, notes like this were signed by the cashier.) Noted with "Small Tears; Minor Restorations." A solid note overall and well detailed.
    Ex: Eric P. Newman Numismatic Education Society


    Auction Info

    Auction Dates
    November, 2018
    7th-10th Wednesday-Saturday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 133

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    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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