||Huntsville, AL - Branch of the State of Alabama at Huntsville $1 18__ AL-5 UNL Rosene 3-UNL. Proof. PCGS Choice About New 58. This very rare proof is from an unlisted series of demand notes from the Huntsville branch of the State Bank headquartered at Cahawba. A symmetrical design style often favored by Underwood, Bald, Spencer & Hufty is featured. An Indian child paddles a canoe at top center. Identical ends show a standing draped allegorical female holding a lozenge "1" die. Noted by PCGS as Hole Punch Cancelled (or "HPC") as manufactured in the proofing process. This lower denomination series and the following were not present in the 1990 American Banknote Company Archive auction. A beautiful and desirable example. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,410.00. Newman VI (Heritage Auctions, 4/2015), lot 19003. Description courtesy of Heritage Auctions.