||New Orleans, LA - Bank of Orleans $100 18__ LA-125 G48 SENC. PCGS Extremely Fine 45 Apparent. This W. Harrison & Co., Philadelphia India paper proof is an extreme rarity and among the earliest genuine Obsoletes from Louisiana, making it quite important. The plate style is listed and known only by its contemporary counterfeited notes (Haxby LA-125 C48). This genuine proof, though not perfect, is quite historic and presents an interesting layout and styling. The top center eagle vignette is quite similar to that on the Second Bank of the United States notes of the period (the branch opening in 1817). This makes sense since William Harrison and company also had a contract for some of those types printed in Philadelphia. The Gothic title across is very decorative and the ends are composed of intricate oval dies with classical female heads. The Bank of Orleans was founded in 1811, one of the two earliest established, and this proof would have been printed approximately 1817. Noted are "Edge Tears and Damage; Mounting Remnants and Stains on Back" by PCGS, with the trimming tight or slightly inward in several places. The glue type and remnants seen on the back ends suggests this was mounted in a scrapbook at one time, and perhaps used as a detector for counterfeits that plagued the series. The great rarity trumps some of the imperfections on this important artifact from early Louisiana bank history. Ex: Eric P. Newman Numismatic Education Society.
Realized $7,050.00. Newman VI (Heritage Auctions, 4/2015), lot 19094. Description courtesy of Heritage Auctions.