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    Third Bank of the United States $5000 1840 Post Note

    Philadelphia, PA - Bank of the United States (the Third) $5000 Post Note December 15, 1840 US-3 G106 Hoober 305-166. PCGS About New 50.
    This is the highest of a very popular high denomination series. Like the other Third Bank notes, this was engraved and printed by Draper, Toppan, Longacre & Company using a taller format than lesser denomination demand notes from the bank. The Post Note was payable at a written time in the future, in this case "twelve months" and "in New York." On the blank bank are various stamped interest statements. At the top center is the bank building vignette seen on this series by DTL. At the left end is seated Liberty writing POST NOTE 5000 on a scroll. At the right end is William Penn in an oval. In each corner is "5000" on shaded lathe work. This is a choice example with modest handling only and a very scarce, impressive high denomination note from the failed Third Bank.

    Ex: Eric P. Newman Numismatic Education Society.

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

    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
    Page Views: 467

    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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