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    Redeemed in 1876 Exchange Bank, Salem Rarity

    Salem, MA - Exchange Bank $10 May 2, 1859 MA-1105 G46 SENC. PCGS Very Fine 20 Apparent.
    A second denomination from this dynamically vignetted series printed from plates with dual imprints of the New England Bank Note Company and Patent Stereotype Steel Plate and an "ABC" monogram at the bottom. Like the other denominations in this series, Athena is in the harbor seated upon a throne. Ships sail in and out of the harbor to her left and right. George Washington is portrayed in a circular frame in the center of the left end panel. A Roman numeral counter is above and textual counter below. In the right end panel, TEN is above and "10" below, with a portrait of Christopher Columbus in between. The note appears to have been redeemed in 1876 and has the National Exchange Bank circular stamp on the back. The face is penned twice "Cancelled/Mar 6/76" matching the date of the back stamp. Noted as "Pen Cancelled" and with "Paper Pulls on Back; Minor Rust Stains." The mentioned flaws are trivial compared to the impact of this bold type. We have not seen this note except for the plated Peabody Essex Museum example.
    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: 227

    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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