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Lot 19135

Image Information

Type Currency
Title Lot 19135
Country U.S.
Grade About New 50
Service PCGS
Description Taunton, MA - Taunton Bank $500 March 1, 186_ MA-1220 G130a SENC. PCGS About New 50 Apparent. The Massachusetts Obsolete notes reach a fitting crescendo with this note. The Taunton Bank $500 National Bank Note Company imprint color proof offered here is among the great high denomination notes from the state. All proofs from this imprint are distinguished by meticulous craftsmanship, usually also by their color tints. Over the past fifteen years, these National Bank Note Company engraved rarities have gathered more and more appreciation from astute collectors who recognize their elite status among Obsolete proofs and notes. Many have anointed them as "the best of the best." The layout is an inspiring example of a late Obsolete achieving a Federal currency look. At the upper left is a wide-spanned bald eagle atop a rocky peak. This major vignette was also used concurrently on the Federal 1862-1863 $100 "Spread Eagle" Legal Tender notes, engraved and printed for the United States by the same firm. At the bottom right is a male portrait. In opposing corners, lower left and upper right, are intricate numeral "500" counters with micro-lettered overlapping "chips" created by Cyrus Durand patented devices. The note has a full green color frame, interior corner filigree and across the center, micro-lettered lathe work with titles and repeating patterns. This is the only example we have seen, a great discovery from the Newman collection. There are very few full color $500 Obsolete banknote proofs known to us from any imprint. The demand for beautiful National Bank Note Company imprint proofs has grown, with the highest denominations and new discoveries always creating great excitement. Our January 2015 FUN auction featuring the Allan Dorris Georgia Obsolete Note Collection should add some perspective to this one-of-a-kind $500 proof's merits. At that sale, the Bank of Commerce, Savannah $500 Gem Proof realized $56,400 and the National Bank Note Company engraved and printed Georgia Rail Road & Banking Company $500 Proof garnered $28,200 after spirited bidding. This India paper proof, mounted to its original cardstock, is Hole Punch Cancelled as made and noted. Some minor "Stains; Small Edge Tears" are cited by PCGS. This extremely impressive color proof is unique to our knowledge, and another peerless proof in the groundbreaking Obsolete Currency portion of the Newman Part VI Sale. Ex: Eric P. Newman Numismatic Education Society. Realized $30,550.00. Newman VI (Heritage Auctions, 4/2015), lot 19135. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part VI
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