||Natchez, MS - Commercial Bank of Natchez $20 Feb. 23, 1839 MS-160 UNL Kraus 3992. PCGS Very Fine 30PPQ. This is an extremely impressive and important Natchez note, perhaps the most important we have encountered. The series was completely unlisted when Haxby published his reference in 1988. In the 1990 American Bank Note Company Archive sale, proofs were discovered from a different imprint (not UBSH) that resemble the previous and the two following series proofs engraved by Draper, Toppan & Longacre & Co. on the three proof sheets (ten notes). However, we have not encountered an issued note from here nor cataloged one from this bank until now, and it is a beauty. At the top center is a seated allegorical female on the shore while a sea god emerges from the ocean; flanking are "XX" numerals. Identical end panels include a small brig in an oval, sailing away in rough seas; identical "20" numerals are in each corner on lathe work. Officially stamped across the top with "TWELVE MONTHS AFTER DATE," converting it into a Post Note type. Showing flowing signatures, it was clearly properly prepared, signed, and emitted. This miracle of survival's exemplary stature is enhanced by its beautiful state of preservation. Ex: Eric P. Newman Numismatic Education Society.
Realized $3,760.00. Newman VI (Heritage Auctions, 4/2015), lot 19207. Description courtesy of Heritage Auctions.