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Lot 28488


Image Information

Type Currency
Title Lot 28488
Date
Country U.S.
Service PCGS
Service Catalog # 7524000
Denomination
Description

Iron Mountain, MO - Office American Iron Mountain Co. to P. Chouteau, Jr. & Co. $5 185_. Proof. PCGS About New 50. A very rare Ormsby proof. This is another denomination from the 1850s series and was missing from the Vacca sale. An India paper proof engraved by W.L. Ormsby New-York with a layout very similar to the other denominations known from the issue. Under the curved title, the same central vignette shows a locomotive and cars heading west while, incongruously, a small paddle wheeler sails east. The upper corners show "5" dies, and the lower corners show Justice at left and Zachary Taylor at right. These notes were designated to "pay at sight to ____or Order FIVE DOLLARS in Specie." This denomination was payable to "Messrs. P. Chouteau, Jr. & Co." Plate A. There were $2 and $3 Chouteau payable proofs in the Vacca collection sale that realized $525 and $500 respectively. A gorgeous proof and perhaps unique in this form. Ex: Eric P. Newman Numismatic Education Society

From Newman VIII (Heritage Auctions, 11/2017), lot 28488, realized $2040. Image and description courtesy of Heritage Auctions, https://ha.com.

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Image Collection Eric P. Newman Collection, Part VIII
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