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    Description

    New Orleans, LA- James Cosgrove payable at Mechanics' and Traders' Bank $2.50 Jan. 31, 1862 PMG Choice Fine 15.
    Cosgrove was a saddler doing business at 5 St. Charles Street and sold leather goods to the Confederate Army. He and many other merchants in New Orleans issued so-called "small notes" in the months leading up to the fall of New Orleans to a Union naval task force at the end of April 1862. Cosgrove's notes were redeemable at the Mechanics' and Traders' Bank, rather than directly, when presented in sums of $20 (note that this was changed from $10 with the stroke of a pen). This example is a nice representative for the grade with Cosgrove's validation rubber stamping on the back.


    Auction Info

    Auction Dates
    May, 2019
    30th Thursday
    Internet/Mail Bids: 3
    Lot Tracking Activity: N/A
    Page Views: 125

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