Exchange Bank, Glencoe Issued $1 NoteGlencoe, MN - Exchange Bank $1 Oct. 5, 1858 MN-35 G2a, Hewitt B140-D1b. PCGS Very Fine 20 Apparent.
The bank is scarce, and most notes known are issued $1 examples like this. None of the listed notes in the census are high grade, and this example is very appealing. Printed from plates engraved by the American Bank Note Company. At top left, townspeople and a frontiersman heartily greet the engineer of the train passing by. In the vignette to the right, a head and shoulders view of a Native American with Mohawk-styled hair, headdress, and claw necklace is shown. At lower right, a young boy in a sailor suit, hands in his pockets, stands at the shore. The red protector is unusual with a wide panel at bottom left outlining ONE with a red "1" to the right. Noted with "Minor Rust Stains." Overall, this is a very bright example.
Ex: Eric P. Newman Numismatic Education Society
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