||Beverly, MA - Beverly Bank (2nd) $2 July 1, 1862 MA-86 G34b SENC. PCGS Very Fine 25. Massachusetts Obsoletes are a diverse genre, and often feature nautical vignettes for banks situated on its extensive coastline, and pastoral vignettes for rural bank locations. In some instances, an exclusive, custom vignette of a town's green was engraved. Genuine Beverly Bank (located on Boston's North Shore) notes are exceedingly rare due to the title converting in 1865 to National Bank status and redeeming the majority of notes like these. We know of only one genuine issued $10 note listed in Haxby and confirmed in the recently published Q. David Bowers' Whitman Encyclopedia of Obsolete Paper Money: Volume 3 (2015, Whitman Publishing Company). This genuine Beverly Bank note has well-rendered vignettes and a pleasing layout accomplished by the enterprise of Rawdon, Wright, Hatch & Edson, New York/New England Bank Note Co., Boston, with their dual imprint seen across the bottom. At the left is America reclining at the shore, partially draped by the flag, with a globe and ships behind; at the lower right are two seated allegorical females. At the top center is a green protector TWO across. The note is beautifully margined, especially so for a New England note, since they were usually trimmed into the frame lines to fit in the small cash drawers of the period. The cited $10 genuine note is in an advanced and strongly held collection. This gorgeous Beverly Bank $2 note provides a great opportunity. Ex: Eric P. Newman Numismatic Education Society.
Realized $3,760.00. Newman VI (Heritage Auctions, 4/2015), lot 19115. Description courtesy of Heritage Auctions.