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    Rare Auguste Chouteau-Signed Bank of Missouri $20 Note

    St. Louis, (M.T.) - Bank of Missouri $20 May 9, 1818 MO-30 G24. PCGS Very Fine 20.
    A beautiful and rare $20 denomination from this iconic territorial series finely engraved by Murray, Draper, Fairman & Co. This series features an iconic, custom-designed vignette and the signature of the co-founder of St. Louis, Auguste Chouteau. Because of the Chouteau signatures, these are also of interest to historical autograph collectors. The vignette befitted St. Louis's paramount role in American commerce during this period. Thomas Jefferson's bust on the banks of the Mississippi is a strong symbol of his role in obtaining the Louisiana Purchase lands from which the Missouri Territory was apportioned in 1812 (when Louisiana achieved statehood). Printed from beautifully crafted plates on red fiber banknote paper. All denominations in the series show a common main vignette with a bust of Jefferson on a pedestal and a capped liberty pole behind, but there are variations of vignette position, style and placement of Jefferson's name, and the use of handwritten or engraved "bearer." On this $20 denomination, the vignette is at upper right, and JEFFERSON is arced above. Barrels, crates, sacks, bales, and beehives are at the shore (Eric refers to them in his note descriptions as "merchandise"). Four ships are at sail in the background. At the horizon are mountain peaks and the radiant sun rising. Titles and obligation are across with "bearer" written rather than engraved. The end panels are similar to other denominations (although with subtle style variations) with TWENTY at the left and MISSOURI at the right. Plate B. No. 404. Signed by Dales as cashier and Aug. Chouteau as bank president. Not endorsed on the back. This is a rare denomination, and the Newman Collection notes were the first we cataloged. There were no denominations from the bank above $10 in Vacca. A problem-free note and underappreciated in comparison with the more frequently seen $5 and $10 denominations. A slightly finer example realized $2,400 in Newman Part VIII in November 2017. A significant, early-dated Missouri banknote.
    Ex: Eric P. Newman Numismatic Education Society


    Auction Info

    Auction Dates
    November, 2018
    7th-10th Wednesday-Saturday
    Bids + Registered Phone Bidders: 14
    Lot Tracking Activity: N/A
    Page Views: 750

    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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