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    Description

    New Orleans, LA - New Orleans Improvement & Banking Co. (Banque des Améliorations) $500 March 6, 1838 G12

    We sold a low grade example of this rare denomination in our October 2015 Newman sale, where it was described "A very rare high denomination from this Rawdon, Wright & Hatch, New-York engraved plate series. Like most notes from the bank, this features the unique top center vignette designed for the bank. The extremely long and well-detailed view of the St. Louis Hotel building shows throngs of people in the foreground involved in day-to-day activities. The bank titles are in French, Banque des Ameliorations, and English, New Orleans IMPROVEMENT and Banking Co. At the left end is a seated allegorical female over a 500/PIASTRES die. Liberty stands with a pelican shield at the far right. The $500 and $1,000 notes are the keys to this series and this denomination is SENC in Haxby. Noted with "Tape Repaired Edge Splits, Tears, and Damage." The $1,000 note from this series in Newman Part VI, PCGS Fine 15 Apparent, realized $2,820 in April 2015. This is its equal, or perhaps a superior rarity." That piece realized $1,762, and this example, which PCGS notes has major repairs, redrawn design, and internal tears but is just as rare, should come close to that number.


    Auction Info

    Auction Dates
    Apr-May, 2017
    26th-2nd Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 128

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