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    Description

    Issued and Redeemed Pynchon Bank $5 Rarity

    Springfield, MA - Pynchon Bank $5 April 28, 1853 MA-1185 G8b SENC. PCGS Very Fine 20 Apparent.
    The Newman Collection Massachusetts Obsolete currency albums have yielded many new discoveries, like this note. A SENC type from a bank that redeemed most of their notes, such as this rarity, before they became a National Bank in 1865. In this case, the successor redeemed the note in 1882, illustrating the bank's longstanding relationship with the community. This Danforth, Wright & Co. engraved note has a discrete "ABC" monogram for its post-1858 plate, despite its 1853 engraved date. At the center, three cherubic boys are shown at the wharf with various agricultural implements, and a little lamb as well. They curl around a large "5," which derives its stem from the stars and stripes held aloft. Flanking are "5" protectors. America is seated in a large "5" at left. Pynchon House, as engraved for the series, is at the right between "5" dies. The redemption stamp cancels noted by grading do not disturb the vignettes, and the "Small Edge Tears" have little effect on the charm of this note. An extraordinary Massachusetts note.
    Ex: Eric P. Newman Numismatic Education Society.


    Auction Info

    Auction Dates
    May, 2016
    4th Wednesday
    Internet/Mail Bids: 10
    Lot Tracking Activity: N/A
    Page Views: 280

    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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