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    Description

    Helena, AR- Exchange Bank $5 Aug. 3, 1861 Rothert 279-1
    The "Exchange Bank" was an unchartered and illegal venture whose notes are known both signed and as remainders. As many of the signed examples appear to have circulated, some extensively, it is likely that these items met with some measure of acceptance, likely far from their Helena home, as they clearly went unredeemed when presented in Helena. Rothert describes antebellum Helena as "a wild river town containing counterfeiters, thiefs [sic] and gamblers," and the presence of these notes does little to contradict that rather harsh verdict. This "signed and issued" example serves as the Rothert plate note for the $5 denomination. Very Fine.


    Auction Info

    Auction Dates
    January, 2010
    7th-11th Thursday-Monday
    Bids + Registered Phone Bidders: 16
    Lot Tracking Activity: N/A
    Page Views: 354

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