||Clinton, NY - Lincoln Bank $3 April 8, 1862 NY-655 G6a. PCGS Very Fine 25 Apparent. This series is engraved by the National Bank Note Company and dated April 8, 1862, early in the Civil War. Each note portrays Lincoln when he also appeared on the $10 Demand Notes and early Legal Tenders. There was no ban on portraying living government officials on currency until after Spencer Clark and Francis Spinner placed themselves on Fractional Currency; Congress later prohibited this practice. The overall issuer is not especially rare, but most notes are $1 denomination and the $3 bills are rather hard to find comparatively. This simple layout displays the prominent, nearly three-quarter Lincoln portrait in an oval. At the upper left corner is the New York Bank Seal. At the lower left and upper right are intricate "3" numeral dies. A very attractive note overall, with strong paper body. There is a patch of foxing just by the "K" in BANK noted as "Small Stain at Right." Auction realizations for this type over the years have sometimes flirted with or exceeded the four-figure mark. Ex: Eric P. Newman Numismatic Education Society.
Realized $493.50. Newman VI (Heritage Auctions, 4/2015), lot 19241. Description courtesy of Heritage Auctions.