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Lot 19251

Image Information

Type Currency
Title Lot 19251
Country U.S.
Grade Choice About New 58
Service PCGS
Description New York, NY - Chemical Bank $1 18__ NY-1505 G84a. Proof. PCGS Choice About New 58 Apparent. New York City banks are enumerated first in the old time David C. Wismer listings, and were traditionally collected in that order, with the alphabetically listed New York States following. This hierarchy was ordered in Gwynne & Day's Descriptive Register of Genuine Bank Notes (original edition 1862, reprinted in 1977 by J. Roy Pennell courtesy of Eric P. Newman's original edition). The order was also used for the NASCA Jack Guevrekian auction at which Newman was a successful bidder. The Chemical Bank is a distinguished New York title commencing in 1824 (it was the Chemical Manufacturing Company, and early notes featured an apothecary working in his shop vignette). One of the first Asher Brown Durand (Hudson River School painter) banknote vignettes was engraved for this institution's initial series (the $1 eagle on rock) and is cited specifically in John Durand's biography (1894, Charles Scribner & Sons). Use of the title continued into the 1980s, when the modern consolidation of banks left the Chemical Bank title in the pages of financial history. The bank issued several series of notes, but this is the last one engraved by American Bank Note Co., New-York. This is a well designed India paper proof with green counter dies flanking the central vignette on which standing female Knowledge gestures towards the bank's title. At the lower left is the New York Bank Seal. At the lower right is a dog on safe vignette, engraved by Henry Beckwith as The Safeguard for ABN, adapted from Sir Edwin Landseer's painting A Distinguished Member of the Humane Society. The proof is Hole Punch Cancelled as made and noted. This has very minor handling only and mentioned are "Hinge Remnants on Back" which do not affect the well margined, boldly vibrant face. This is a historic bank title, an excellent ensemble of vignettes, and thoughtful layout. Ex: Eric P. Newman Numismatic Education Society. Realized $940.00. Newman VI (Heritage Auctions, 4/2015), lot 19251. Description courtesy of Heritage Auctions.

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