||Cambridge, MA - Harvard Bank $1 March 5, 1861 MA-445 G2a SENC. PCGS Fine 12. This is one of the great titles, one of very few that are university related, from all Obsolete currency. It pairs a custom engraved vignette with a view of Harvard College (in Wismer and in the earlier Gynnne & Day period Banknote Reporter), with much of the architectural details still present today. A gorgeous plate was created by the American Banknote Company for this wealthy bank and it appears no expense was spared. The detailed Harvard Yard vignette is at the top center. At the lower left is the legally required Massachusetts Auditor's seal, and at the lower right is John Harvard's portrait, also engraved for the title's use. The note has green bordering all around and a deep green grill protector along the bottom center with outlined ONE in white. Over the years, we have seen several notes of various denominations from the bank. However, they do not seem to stay in the open collector market long and are placed into strongly held collections. Harvard Bank issues have been four-figure notes for at least two decades, especially attractive condition examples such as this. The equivalent grade Harvard Bank $5 note, not as rare as this denomination, realized $4,887.50 in the January 2011 52 Collection: Part II Sale (lot 3148). This is premium quality for its technical grade, with vivid color and clean surfaces. Ex: Eric P. Newman Numismatic Education Society.
Realized $2,585.00. Newman VI (Heritage Auctions, 4/2015), lot 19122. Description courtesy of Heritage Auctions.