||Ossipee, NH - Pine River Bank $5 June 11, 1857 NH-240 G8 SENC. PCGS Very Fine 20 Apparent. The Pine River Bank, Ossipee title is considered a trophy from the state and perhaps calling it the "Holy Grail of New Hampshire Obsoletes" is not much of a stretch. According to the detailed bank history recounted in Bowers' Whitman Encyclopedia Volume 2, no issued notes have been seen and the bank is listed as all SENC in Haxby. In fact, if the Modern Proprietary Proofs with the title had not surfaced in the ABN archives privately, the designs would be known only from their period descriptions in Bank Note Reporters (and later, Wismer). Engraved and printed from plates with the dual imprint Rawdon, Wright, Hatch & Edson, New York/New England Bank Note Co., Boston. At the top center is a large cow, rather rectangular and with a placid countenance. At the left is standing Justice with scales held aloft and sword pointing downward. At lower right is a woman churning butter. The red protector FIVE across the bottom center is smaller than normally used by this imprint. Apparent due to "Edge Splits, Tears, and Hinge Repairs"; one quarter-inch edge tear is hinged on the back. From the face, a lovely note with a bank teller's counting smudge at the right end. The briefer, more technical faults are once again not a factor in determining value. The competitive bidding upon this New Hampshire treasure will determine who has the bragging rights to this discovery "Holy Grail" and trophy Obsolete. Ex: Eric P. Newman Numismatic Education Society.
Realized $10,575.00. Newman VI (Heritage Auctions, 4/2015), lot 19228. Description courtesy of Heritage Auctions.