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    Description

    Excessively Rare Connecticut Currency Lookalike

    Meriden, CT- Wilcox & Co. (Meriden National Bank) $1 Oct. 8, 1873
    This piece was issued by a private firm in clear violation of the national banking statutes, which in essence prohibited the circulation of private bank notes or scrip by outlawing the practice by any federally chartered institution and levying a 10% tax on the circulation of all other issuers. This piece, issued in 1873, was clearly a blatant attempt to evade that statute. It is a very well executed note which cleverly mimics the design, color and appearance of the then circulating National Bank Notes, and certainly the placement of the title "Meriden National Bank" at the center of the note implied that this was a circulating note from that institution. We have seen only one note from this issue in thirty years, with that a considerably lower grade example we handled many years ago. Expect this true Connecticut rarity to easily bring a strong four figure price. Very Fine.


    Auction Info

    Auction Dates
    April, 2006
    27th-28th Thursday-Friday
    Bids + Registered Phone Bidders: 5
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