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    Description

    Washington, DC- Patriotic Bank of Washington $5 18__ G34 Proof PMG Choice Uncirculated 63.
    The Patriotic Bank was a rarity in the world of DC banks in that it operated successfully for nearly half a century between 1815 and 1865. This note is a typical Underwood, Bald, Spencer & Hufty creation with a degree of symmetry from left to right and several medallion heads (which were difficult to replicate by counterfeiters). A vignette of two sailing ships appears at right. The note is printed on India paper and has no POCs in the signature lines. PMG mentions evidence of previous mounting, undoubtedly referring to some small glue residue spots in the upper corners whose presence is not apparent when looking at the face. There were three examples of this design in the 1990 ABNCo Archives sale (Lot 212). All three of these examples have had subsequent public auction appearances along with a fourth example that was part of the Eric P. Newman collection.
    From the Charles R. Pease, Jr. Collection


    Auction Info

    Auction Dates
    March, 2020
    1st Sunday
    Internet/Mail Bids: 11
    Lot Tracking Activity: N/A
    Page Views: 137

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