Skip to main content
Go to accessibility notice


    Unlisted Merchants Bank Union Occupation Issue Denomination

    New Orleans, LA - Merchants' Bank (2nd) $2 May 27, 1862 LA-95-UNL. PCGS Very Fine 25.
    This is an unlisted denomination from the series of unregistered notes issued after the Union forces had arrived in New Orleans. Printed on brown paper by Douglas, Engr. N. Orleans. Moneta is seated at center, the same vignette as used on the Confederate T-14 $50 notes. Identical ends have a perpendicular TWO facing inward on shaded lathe work. Red protector "2" numerals flank the vignette; the red textual protector is shifted to the right on this note. We sold a $1 note from the series in PCGS Very Fine 30 at our 2014 FUN Sale for $1,880. This is an important banknote type and in choice condition.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
    Page Views: 225

    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)
    Track Item

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 4 days left to consign to the 2021 August 10 - 16 ANA WFOM World Paper Money Signature Auction - Chicago!

    Learn about consigning with us

    I think heritage is the best auction house and has the best service - that’s why I use you. 
    Sara B.,
    Dubai, UAE
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search