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    Bank of the Interior Serial Number 1 $5 Note-First of a Denomination Pair

    Albany, NY - Bank of the Interior $5 Jan. 12, 1858 NY-70 G8a. Serial Number 1. PCGS Very Fine 25 Apparent.
    This is the first of a pair of impressive serial number 1 notes from this short-lived (1857-1861) bank. Engraved and printed by Rawdon, Wright, Hatch, & Edson, New-York with a full green tint and outlined protector FIVE. At the top center is seated America, with shield and sheaf of wheat, on the rocky shoreline. At the lower left is Washington in an oval frame with American motifs, and at the far right is the required square New York bank seal perpendicular. Other than the Haxby Plate note, this is the only issued $5 we have seen. There are also some proofs known from the title, with the last being the $100 color proof sold in one of the late Schingoethe sales. Bold from the face and vibrant, but noted as having "Mounting Remnants on Back; Minor Ink Erosion." Curiously, the number "1" is very clear, but the note shows wallet wear and was trimmed very tightly all around in the "New England" style. A difficult note to estimate since it is extremely rare as a type, and its serial number 1 status adds a premium.

    Ex: Eric P. Newman Numismatic Education Society.

    View all of [Selections From The Eric. P. Newman Collection, Part VI a. ]

    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 17
    Lot Tracking Activity: N/A
    Page Views: 270

    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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