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    Stylish and Extremely Rare Exchange Bank, Salem $1 Note

    Salem, MA - Exchange Bank $1 August 11, 1858 MA-1105 G8 SENC. PCGS Very Fine 30 Apparent.
    Genuine notes from Salem's Exchange Bank are exceedingly rare and are all designated SENC in Haxby. Amazingly, the Newman Collection contained four different denominations from the series, and this is the final denomination available. This is another very impressively designed and unusual rarity from Massachusetts, and it boasts vibrant condition. The $1 denomination from this dynamically vignetted series was printed from plates with dual imprints of the New England Bank Note Company and Patent Stereotype Steel Plate. Like the other denominations in this series, Athena is in the harbor seated upon a throne. Ships traverse the harbor to her left and right. End panels show "1" counters above and ONE counters below framed vignettes. Lafayette is at the left end and a veiled Moneta holding a key is at the right. A red protector ONE is across the bottom center. Noted as "Pen Cancelled," with two red pen cancellations seen and with "Mounting Remnants on Back." The plate notes in the Whitman Encyclopedia are held by the Peabody Essex Museum in Salem. A stunning note. The first three denominations we sold broke $2,000 with ease. A final opportunity to add this elusive design type and bank from the Newman Cabinet.
    Ex: Eric P. Newman Numismatic Education Society.

    Auction Info

    Auction Dates
    May, 2016
    4th Wednesday
    Internet/Mail Bids: 13
    Lot Tracking Activity: N/A
    Page Views: 221

    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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