Description

    Trio of Rare Late Columbus Issues

    Columbus, OH- The City Bank of Columbus $1 (2); $3 1861 UNL Wolka 0853-04 (2); -07
    The City Bank of Columbus was an Independent Bank that had close ties to the Columbus Insurance Company, sharing a building, investors, and directors. The Insurance Company's failure in 1851 eventually took a toll on the bank, which closed in late 1854. Like a number of Ohio banks, it was later revived, ca. 1856-57. It then remained in business until 1863-64, redeeming notes until July 1, 1867. The amount of outstanding circulation is reflected in the $4,389.50 bond that was released to the bank's guarantors in October, 1867. These three notes represent all of the notes known from an 1861 issue (all notes are stamped MARCH 1, 1861) that continued into January, 1862. Haxby was unaware of notes with the ABCo. monogram such as all three of these notes have. All three notes have seen extensive circulation but escaped redemption. They grade Very Good with the typical minor body holes, margin tears, divots, and rollovers associated with the grade. The unique $3 exhibits two small stains from previous mounting. All three notes exhibit nice red backs that are not oxidized.
    From The Wendell Wolka Collection


    View all of [The Wendell Wolka Collection ]

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    Auction Dates
    September, 2014
    3rd-8th Wednesday-Monday
    Internet/Mail Bids: 1
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