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    Very Rare Bank of St. Louis (1st) "Three Bits" Note

    St. Louis, Missouri (T.) - Bank of St. Louis (1st) 37-1/2 Cents April 1, 1819 MO-45 G6. PCGS Fine 12.
    This rarity is from a third series of Bank of St. Louis change bills printed by Murray, Draper, Fairman & Co. (Philadelphia) with engraved April 1, 1819 dates. Five denominations were printed, including a very rarely encountered 62-1/2 cent denomination (or "five bits"). The unusual denomination would have been useful for certain fares on the St. Louis & Illinois Team Boat Ferry. The rectangular format is similar to Bank of North America and other Philadelphia change-bill series printed after the War of 1812. Titles and obligations are in the center with an oval-enclosed 37 ½ CENTS at the top flanked by "37 ½" denominations. Ornate end panels show the numerical denomination left and MISSOURI. at right in cartouches. Location, engraved date, and space for signature are at the bottom. No plate letter. Unnumbered. Signed by R.[isdon] H. Price as bank "Pres't." Note the strongly penned president's signature in the aftermath of the ousting of John B. N. Smith, the crooked cashier. Normally, notes like this were signed by the cashier. Here, the president of the bank guarantees the note. Honest circulation only is seen. An excellent "Three Bits" note from a fascinating bank. A subtly styled note that is very rare.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    November, 2017
    1st-2nd Wednesday-Thursday
    Bids + Registered Phone Bidders: 9
    Lot Tracking Activity: N/A
    Page Views: 232

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) 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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