||Washington, DC - Bullion Bank $10 Oct. 30, 1861. PCGS Extremely Fine 45PPQ. A tremendous presentation and color scheme are featured on this riveting issued note engraved by the National Bank Note Company. This firm was a bit of a renegade when the major banknote engraving companies consolidated in 1858 to form the American Banknote Company. James Smillie, the artistic genius, and Cyrus Durand, the technical patent marvel, went with this small firm, creating fewer notes, but exhibiting the stellar production quality seen here. The central vignette of The Apotheosis of Washington fits neatly into the front of the curving title running center to right. At the upper left is a young girl and, in opposing corners, intricate scalloped overlap dies. Rich orange color-tint crosses the note with wider swaths along the ends and full color borders. Simply stunning! Very scarce, much more so than the lower denomination series engraved by New York Banknote Co., and seldom offered in any grade. This is among the finest we have seen, and we anticipate strong competition to obtain such a beautiful Obsolete note. Ex: Eric P. Newman Numismatic Education Society.
Realized $3,055.00. Newman VI (Heritage Auctions, 4/2015), lot 19036. Description courtesy of Heritage Auctions.