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    Description

    Lynn, MA- Nahant Bank $100 MA-790 June 1, 1833
    The Nahant Bank was another institution that utilized the distinctive Congreve Patent Plate color backs for many of its denominations. The bank lasted only three years, and a serious run drove it out of existence, leaving $200,000 or so in notes worthless. The face is engraved with a more advanced, vignetted Patent Stereotype Steel Plate conceived from Jacob Perkins' patents. The note has titles and security devices across the center. At the far left end is perpendicular MASSACHUSETTS with an adjacent small Plenty vignette. The Massachusetts seal is at the far right between two "100" counters. The Congreve color back is a fascinating pattern printed in two colors, with its titles circular around a large central die. This is a much rarer type from the bank than the low grade, lesser denomination notes encountered. PMG Very Fine 30, with some pinholes.


    Auction Info

    Auction Dates
    January, 2016
    6th-12th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
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