||New Bedford, MA - Bedford Commercial Bank $1 Jan. 1, 1862 MA-880 G8b. PCGS Very Fine 20. A rare issued note from this historic whaling port that was cancelled by a successor National Bank likely well after the Civil War. Another gorgeous plate engraved by Rawdon, Wright, Hatch & Edson, New York/New England Bank Note Co. with nautical themes appropriate for the location. At the top center is a side-wheel steamer heading east, along with other ships at sail. At the far left is a sailor standing on deck, hoisting the American flag. A pair of deep red protector "1" numerals is widely spaced on the ends of the title and shows through to the back in mirror image. The note is very faintly purple ink-stamped with a titled oval by a successor bank cancelling the note. This bright and bold note is well-margined, especially so at the bottom. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,410.00. Newman VI (Heritage Auctions, 4/2015), lot 19128. Description courtesy of Heritage Auctions.