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    Description

    St. Albans, VT- St. Alban's Bank $10 Aug. 15, 18__ G10a PMG Uncirculated 62.
    The bank was chartered in 1853 and remained in business until 1866 when the bank closed its doors without becoming a national bank. This may have been due to the fact that it was a victim of a robbery conducted by Confederate raiders on October 19, 1864. The $10 design features a panoramic view of two trains flanked by an oval portrait of Andrew Jackson at left and a vignette titled The Gatherer at right. A small vignette of farm implements and produce is at bottom center. The note is printed on India paper with the usual small POCs in the signature lines. PMG mentions that the note has been previously mounted as evidenced by the stamp hinge remnant in the center of the left and right margins. This type of mounting has often been associated with the holdings of obsolete paper money pioneer D.C. Wismer in the 1930s. In addition PMG mentions thinning which your cataloger assumes refers to the translucent stain in the center of the note. This note was not represented in the 1990 ABNCo Archives sale (few Toppan imprint notes were). We are unaware of any public auction appearances by this design in at least the last decade. We therefore believe that the note is quite rare with probably only a handful of surviving Proofs.
    From the Charles R. Pease, Jr. Collection


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    October, 2020
    25th Sunday
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