||New Orleans, LA - Exchange Bank $2 Nov. 15, 1852 LA-50 G4a. Remainder. PCGS Very Fine 35PPQ. This is another very impressive New Orleans note and a rarity, even as an unissued remainder; it is not from a hoard and is the first we have catalogued. Very finely engraved by the firm of Rawdon, Wright, Hatch, Edson & Co., New-Orleans, which received much of the local contract work from the wealthy banks. The layout is handsome with title across; the vignette to the upper right and above shows seated Athena and standing Justice flanking a large, ornate numeral "2." The ends have an early train at the bottom left and a facing female portrait at the bottom right. The note has excellent color contrast with a striking red protector TWO across the bottom center. The note was only dated, so is partially issued and devoid of signatures. A crisp and vibrant example that is quite impressive. Ex: Eric P. Newman Numismatic Education Society.
Realized $3,290.00. Newman VI (Heritage Auctions, 4/2015), lot 19084. Description courtesy of Heritage Auctions.