||New Orleans, LA - City Bank of New Orleans $1000 Oct. 3, 1846 LA-20 G54a. PCGS Fine 15 Apparent. The highest denomination from this bank, which had the face of its notes engraved by Underwood, Bald, Spencer & Hufty in Philadelphia. However, that face imprint was removed when the second series was issued with finely engraved Rawdon, Wright, Hatch, Edson & Co., New Orleans color backs. In this case, the imprint is at the side of the printed back. At the top center is standing, appropriately garbed Athena holding her shield with a "1000" counter on it. Each identical end panel uses a classical style cameo profile (Aristotle?) and "1000" counters in each corner. The green printed back provided much extra security, particularly against note raising. At the center is a large "1000" with finely engraved cherubs crafted within, the bank title above and NEW-ORLEANS at the bottom; all are contained in a fine frame. The high denomination type is very rare; perhaps a few are known. The condition is more than sufficient to merit strong consideration. There are some "Small Paper Scuffs at Right" mentioned by PCGS, but this is a solid note. Ex: Eric P. Newman Numismatic Education Society.
Realized $4,230.00. Newman VI (Heritage Auctions, 4/2015), lot 19082. Description courtesy of Heritage Auctions.