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    Intriguing Odd Denomination Nantucket Note

    Nantucket, MA - Citizens Bank $1.25 Oct. 17, 1837 MA-840-UNL. PCGS Fine 15.
    The first of three Nantucket notes from this rare title. All Nantucket notes are well collected and most are rare. Even false types are tough to find. This note is intriguing because it opens up avenues of discussion. It is either a genuine New England Bank Note Co. imprint note printed from a stock plate (making it MA-840 G6 SENC), but resetting only the titles and city or it is an unlisted false bill printed from an altered plate of the same style as the Roxbury Bank (and some other New England issues). In favor of it being a genuine note, the type was not reported in period Bank Note Reporters as a counterfeited type. Nantucket was a major trade center and banking knowledge was essential. However, the left cashier's signature does not perfectly match the genuine $3 note contained in this Newman Collection sale. The style is the same as Adams South Village and other New England notes using this odd denomination configuration of $1.25, $1.50, and $1.75. Various ships are in the vignette at the upper left. The far left end panel has a locomotive at center. An eagle is depicted in in the circle at the bottom right. The excellent condition facilitates examination. This is the first we have seen, so its great rarity is not part of the debate. This is worthy of bringing a surprising realization because of its location and unusual nature.
    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: 403

    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.
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