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Lot 19223

Image Information

Type Currency
Title Lot 19223
Country U.S.
Grade Choice About New 55
Service PCGS
Description Dover, NH - Strafford Bank (2nd) $2 18__ NH-75 G20. Remainder. PCGS Choice About New 55 Apparent. New Hampshire Obsolete notes have been enthusiastically collected for decades, and a few of the rarest banks from New England were located in this small state. Logically, most of those bankers chose the New England Bank Note Co., Boston (or NEBN) to engrave plates and print their notes from the late 1820s and onwards. Before that, like most of New England, the banks used the Perkins Patent Steel Plate (or PPSP), which eventually evolved into the more advanced Perkins Patent Stereotype Plate (PSSP), using added vignettes and sometimes a color protector plate. The Strafford Bank, Dover is not a rare bank. Green tinted remainder sheets of $5-$10 notes were plentiful decades ago, but not today. Single notes are popular with collectors and have sold for $500 or more at auction. This is a much scarcer, earlier type, engraved and printed in the late 1840s with the NEBN imprint. At the upper left is an eagle with wings spread wide, standing on a rock, just over the beginning of the white outlined title on a shaded block. At the right center is a large, gray shaded "2." In the circle at lower right, sailboats are taking advantage of a strong breeze. Noted as Hole Punch Cancelled, these remainders have "Hinge Remnants on Back" to reinforce them. This example might have been saved by the bank for counterfeit detection, explaining the small punch holes to prevent its being signed and issued. A similar example, with more archival wear (as opposed to circulation), realized $1,150 at the Schingoethe Part 3 sale in Memphis, June 2005. An undervalued type from the bank compared to the much more available later series remainder notes. Ex: Eric P. Newman Numismatic Education Society. Realized $1,175.00. Newman VI (Heritage Auctions, 4/2015), lot 19223. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part VI
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