LOT #20223 |
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Richmond, VA- Bank of the Commonwealth $100 July 1, 1861 G20a Jones-Littlefield BR15-46 PMG Choice About Unc 58.. ...
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Sold on Sep 13, 2023 for:
$780.00
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Description
Richmond, VA- Bank of the Commonwealth $100 July 1, 1861 G20a Jones-Littlefield BR15-46 PMG Choice About Unc 58.Originally, this was an Independent (Free) Bank authorized by the General Assembly in 1858. Like many of Virginia's Independent Banks it opted out of that form sometime around 1860-61. That change of status is reflected on this note which has the space for the State Treasurer's countersignature neatly struck through in red ink. By 1863, the bank's circulation was secured solely by Confederate bonds. The bank had intended to hold a regular stockholders' meeting on April 12, 1865 but Richmond fell to Union forces on April 3, 1865. A fire swept through portions of the city and the bank burned to the ground; essentially ending its business. Its fate is witnessed by the fact that its notes were quoted at between 5¢ on the dollar and "no sale" in 1866-67. The note itself reflects the high style of bank note design on the eve of the Civil War. A large vignette of a woman taking a break from the harvest is flanked by an oval portrait of John Marshall and the state banking seal at right. ABNCo added a red C-100-C protector, red bank title, and bicolor denominational counters to increase protection against counterfeiting. PMG mentions pinholes which have virtually no impact on this note's desirability. A pretty and historical note in top condition.
From The Neil A. Chiappa Collection
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Auction Info
2023 September 13 - 15 Long Beach Expo US Currency Signature® Auction #3593 (go to Auction Home page)
Auction Dates
September, 2023
13th-15th
Wednesday-Friday
Bids + Registered Phone Bidders: 3
Lot Tracking Activity: N/A
Page Views: 158
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20% of the successful bid per lot.
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