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    Very Rare Nantucket "Garland Chain" $3 Type

    Nantucket, MA - Citizens Bank $3 Jan. 6, 1834 MA-840 G14. PCGS Very Fine 25 Apparent.
    Issued Nantucket notes are rarely offered. They are usually closely held in collections for lengthy periods. It is amazing to see three notes from this rare title in one auction and all are fascinating individually, and collectively as a superb trio. This New England Bank Note Co./Patent Stereotype Steel Plate engraved issued note merits much plate detail study. Amplifying the craftsmanship of the Perkins patents, a beautifully configured garland chain links encloses the title, obligations and location. The top center vignette shows a cherub as Plenty at left and child Mercury at right as Commerce. The two are seated among commercial goods at the shore. A portrait of George Washington is at far left center, and Lafayette at far right. Both are in oval frames. Outside the oval are floral details and, in the upper corners, spread-winged eagles. This note is one of the most intricate notes we have cataloged from the combined imprint. Noted only with a "Small Edge Tear at Left," and it projects boldly. In the past few years, some engraved vignette Nantucket Obsolete notes easily eclipsed $5,000 and some approached five figures. This is a coveted Massachusetts location and very rare note.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: N/A
    Page Views: 293

    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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