||New Orleans, LA - New Orleans Improvement & Banking Co. $1000 Sept. 1, 1837 LA-120 G14. PCGS Fine 15 Apparent. The highest denomination from this Rawdon, Wright & Hatch, New-York engraved plate series, and very rare. The lesser denomination notes from the bank are seen in low grades and nearly all feature the unique top center vignette designed for the bank. The extremely long and well-detailed view of the St. Louis Hotel building shows throngs of people in the foreground involved in day-to-day activities. The bank titles are in French, Banque des Ameliorations, and English, New Orleans IMPROVEMENT and Banking Co. At the left is a small vignette of Justice standing and at the right are ships, both finely framed. The magnificent J.N.B. de Pouilly-designed building vignette's usage is interesting. In 1841 the building suffered a fire, but it was renovated and looked even more magnificent during the 1850s. We believe there are only few $1,000 denomination notes known from the bank, and it is interesting that this example has an upper right rust stain similar to the plated example in Haxby. PCGS notes that rust as well as some "Hinge Repaired Edge Tears and Damage." A dynamically vignetted and exciting New Orleans $1000 issued note. Ex: Eric P. Newman Numismatic Education Society.
Realized $2,820.00. Newman VI (Heritage Auctions, 4/2015), lot 19093. Description courtesy of Heritage Auctions.