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    Description

    Troy, OH- State Bank of Ohio, Miami County Branch $1 May 22, 1862 Wolka 2590-09 PMG About Uncirculated 55.
    The Troy branch of the State Bank of Ohio opened in 1847 and remained in business until August, 1863 when it became the first branch to become a National Bank; the First National Bank of Troy (Charter 59). The green tint $1 is a very rare variety that was unknown to Haxby and was in production for just a matter of months before being stopped by the bank. ABNCo. had convinced bank officials that the green tint was a great deterrent to counterfeiting and began green protector production on $1s. Bank officials discovered that the green ink formulation literally dulled pen nibs within a matter of a couple of hundred signed sheets, resulting in a non uniform appearance of the signatures. The bank put its foot down and demanded that red again be used for the face tint. ABNCo. complied quickly, resulting in a very small number of green tint notes being produced. Even fewer have survived. In 2014 the Wolka census counted 13 surviving green tint notes from the entire STATE. While that number has probably grown by a few, nothing suggests that the surviving number has grown significantly in the past six plus years. PMG indicates toning, but on a note of this rarity it is not a major concern to knowledgeable collectors.


    Auction Info

    Auction Dates
    January, 2021
    24th Sunday
    Internet/Mail Bids: 5
    Lot Tracking Activity: N/A
    Page Views: 414

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