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    Description

    Colorful State Bank $2

    Muscatine, IA- State Bank of Iowa, Muscatine Branch $2 18__ as G238 Oakes 103-7 Proof PMG Choice Uncirculated 64.
    The State Bank of Iowa, modeled on the principles espoused by the multi-branch state banks in Indiana and Ohio, arrived on the scene late in the antebellum era. It was established in 1859 and comprised fifteen branches across the state. By the end of the Civil War, most had become national banks. Note designs were common to all branches. The Muscatine branch operated as such from 1859 to 1865 when it became the Muscatine National Bank. The second series of notes for the branches was printed by National Bank Note Company and the work is striking. The $2 note features a large vignette of Liberty at left and a large oval portrait of Henry Clay. The borders, protector panel over the signature lines, and the left denominational counter are printed in red. This proof note is printed on India paper with the usual POCs in the signature lines. We are aware of only two notes from this branch: this $2 proof and a well worn $1 note. We expect this note to cross the auction block for somewhere between its previous two prices realized of $5000 and $8225.
    From the Michael S. Tallent Collection


    View all of [The Michael S. Tallent Collection ]

    Auction Info

    Auction Dates
    October, 2021
    6th-8th Wednesday-Friday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 214

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