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    Description

    Providence, RI- Roger Williams Bank $3 18__ UNL Proof / Proprietary Proof ? PMG Choice About Unc 58 EPQ.
    The bank was incorporated in 1803 and, thanks to the political standing of all of its Board of Directors members, served as the depository for federal funds from 1803 to 1817. The bank remained in business until 1865 when it was succeeded by the Roger Williams National Bank. The design incorporates a nicely framed vignette of a milkmaid that is flanked by end panels each containing vignettes of allegorical figures (Liberty at left and Prosperity at right), eagles, and Native Americans. A very small vignette of the state seal appears at bottom center. The note is apparently printed on India paper mounted on cardstock with no forms of cancellation present in the signature lines. Sixteen years ago this was described as a Special (Proprietary) Proof but PMG has subsequently identified it as an original period proof. To support this claim, one example did, in fact, appear in Lot 1827 of the 1990 ABNCo Archives sale. Because the note is in a holder it is impossible to make a detailed inspection and so we will go with the grading service attribution for now. The design is unlisted in both Haxby and Durand and seems to be decidedly rare in any case.


    Auction Info

    Auction Dates
    June, 2020
    28th Sunday
    Internet/Mail Bids: 4
    Lot Tracking Activity: N/A
    Page Views: 89

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