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    Fascinating Canal Bank Double Denominations Sheet

    New Orleans, LA - New Orleans Canal & Banking Company $500/$1000-$1000/$500 Uncut Sheet of Double Denominations LA-105 X12 (G70a-80a). Remainder. PCGS Very Choice New 64.
    Once, like the bison, thousands of New Orleans remainder Obsolete sheets roamed the plains of back storerooms of coin, stamp, book and antique dealers. Over 150 years, most have been herded in to be dispersed, cut into single notes and are scattered all over the world. This showpiece might be dubbed the "King of Canal Bank Sheets." It is a better type, with the highest denominations printed by Rawdon, Wright, Hatch & Edson. A paddlewheeler is at the top on the $500, and Commerce and Justice with shield are on the bottom $1,000 position. Amazingly, flipping the sheet over yields the notes with inverted backs, creating each into double denominations, $500/$1000 and $1000/$500 respectively. This is the first we have seen, either as individual notes or as a sheet. We cannot guarantee uniqueness, but quality control at this printer was pretty strict, and these were the highest denominations printed. The estimate might be conservative if a few collectors consider this an error note trophy. The elite pedigree adds to its mystique.
    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: 630

    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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