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    Extremely Rare Clinton and Port Hudson $20 Note

    Jackson, LA - Clinton and Port Hudson Rail Road Co. $20 May 15, 1837 LA- 25 G6. PCGS Very Fine 25.
    This is a very rare engraved series of notes by Draper, Toppan, Longacre & Co. Though listed and priced in Haxby, no illustration is offered there as proof its existence and this is the first we have encountered of the extremely rare $20 type. The bank issued two series of notes. One had a branch payable line on the face. This note is from the other series, without a payable line on the face and a different vignette structure. This elegant note features an identical image of a train carrying cargo and passengers above and below the "20" counter at left. At top right is an "XX" counter in a large oval; above it, an eagle with spread wings stands on the global projection. To the left is seated Commerce holding a sheaf of wheat. To the right is standing Liberty holding a capped liberty pole. The lower right corner has a "20" counter. The blank back has an official endorsement, allowing it to act as a branch payable note, "Redeemable at the Citizens Bank of Louisiana." It is endorsed by Nichols as the cashier, and also on the face as a note signer. The extraordinary grade is remarkable, and only one other note from the issuer was slightly finer, the $50 branch line payable style Norman Collection note we sold for $4,888. An important issuer and type.
    Ex: Eric P. Newman Numismatic Education Society


    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 317

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
    Sold on Oct 21, 2015 for: Sign-in or Join (free & quick)
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