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    Description

    Extremely Rare Exchange Bank $5 Issued Note

    New Orleans, LA - Exchange Bank $5 Nov. 1(?), 1852 LA-50 G8avar SENC. PCGS Fine 12 Apparent.
    This is one of the rarest banks from Louisiana, with very few notes known. There are two series of notes, which is not elaborated on in Haxby. This note is fully issued, dated 1852 and does not have a registered state official signature on it like the listed and plated $1 LA-50 G2a. The notes from both series were engraved and printed by Rawdon, Wright, Hatch & Edson, and are styled similarly. At the top right is a train vignette with a Louisiana seal to its left. At lower left are seated Justice and standing Athena. At the right end a cameo-head counter is between corner denominations. Some rust corrosion created the noted faults of "Tape Repaired Tears and Holes." However, this is only the second note from the title we have cataloged, both from the Newman Collection, and this note is properly issued. The $2 dated remainder we sold in Newman Part VI in April 2015, graded PCGS Very Fine 35PPQ, realized $3,290. An intriguing Louisiana banknote rarity.
    Ex: Eric P. Newman Numismatic Education Society.


    Auction Info

    Auction Dates
    May, 2016
    4th Wednesday
    Internet/Mail Bids: 15
    Lot Tracking Activity: N/A
    Page Views: 211

    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 May 4, 2016 for: Sign-in or Join (free & quick)
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