||Princess Anne, MD - Bank of Somerset $50 May 17, 1811 MD-285 G30 Shank 106.3.13. PCGS Very Fine 30. A much rarer high denomination from this Murray, Draper, Fairman & Co. (MDF) engraved and printed series and rated a Rarity-7 in Shank's Maryland treatise. The MDF notes usually follow a similar layout, with a top vignette and each end having finely engraved lathe work with cartouches enclosing text; this is no exception. The engraving firm was one of the first to design vignettes with an American realism later championed by other firms, culminating with the dramatic Bald, Cousland & Co. Obsolete vignettes observed on many of the 1990 American Banknote Company Archive sale proofs. The hamlet of Princess Anne, named for the daughter of George II, is located in South Maryland, on the Eastern Shore peninsula. A very well-engraved vignette of sheep shearing is at the top center with obligations and titles across in various fonts. The $5 and $10 notes from this short-lived bank (liquidated in 1821) are seen from time to time, but this $50 and the highest denomination $100 are rare. Favoring this lovely note, in addition to its rarity, is strong condition. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,938.75. Newman VI (Heritage Auctions, 4/2015), lot 19112. Description courtesy of Heritage Auctions.