Description

    PMG Very Fine 20 $3 Kirtland Safety Society Anti-Banking Co.

    Kirtland, OH- The Kirtland Safety Society Anti-Banking Co. $3 Jany. 4, 1837 G6 Wolka 1422-03 Nyholm 10 Rust 14
    The Kirtland "Anti-Banking" notes were actually the first issue of notes from this bank, with all of the known notes dated January 4, 1837. The reason for this issue was the rejection of the bank's application for a charter from the Ohio state banking regulators in Columbus. With the notes already in hand and the bank ready to open, the bank's officials decided not to let such legal niceties restrain their activities, and simply opened for business issuing the newly renamed currency. This note bears the signatures of S (idney) Rigdon as Sec and J (oseph) Smith, Jr. as Tres. Smith actually signed most all of these early notes, but within a few months he had severed his relationship with the bank, which closed in November of 1837. Smith and Rigdon were each eventually fined $1000 by the State of Ohio for their part in the bank's opening. PMG Very Fine 20, a rare and highly desirable Mormon issue. The last appearance at auction of one of these notes saw a realization of $11,500 for a PMG Fine 12.


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    Auction Dates
    August, 2010
    11th-16th Wednesday-Monday
    Bids + Registered Phone Bidders: 2
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