||New Orleans, LA - Union Bank of Louisiana $100 Nov. 7, 1856 LA-150 S10. PCGS Fine 15. This note was a peril to the bank as a spurious type emitted by fraudsters using the imprint of Toppan, Carpenter & Co., Philad. & N. York. The style is not unlike the genuine bills printed by Rawdon, Wright, Hatch & Edson, and the maker even used orange backs as period Banknote Reporters would have described. Today, with brighter lighting and more plentiful information than was available in the mid-nineteenth century, we are better able to observe and evaluate the note. The note fits a rough description of the genuine and has a cherub seated on a lion at the left. At the lower right is an approaching Indian hunter. Of course, those who have studied spurious types will recognize both of those vignette dies on other "invented" notes from rare and common banks. Although the back is orange, it has only the title and counters, much simpler than the genuine $100 notes. This spurious type is listed, but is rather scarce and we have not cataloged an example. The note is solid and well margined, but we will note there is a light toning patch vertically at the left. Ex: Eric P. Newman Numismatic Education Society.
Realized $2,467.50. Newman VI (Heritage Auctions, 4/2015), lot 19097. Description courtesy of Heritage Auctions.