||New York, NY - Bank of the Republic $5 18__ NY-1890 S5a. Tint Essay on Bond Paper. PCGS Gem New 66PPQ. An unusual and colorful Tint Essay on bond paper prepared by Rawdon, Wright, Hatch & Edson, but without their imprint. Listed by Haxby as a spurious note, but really in a class by itself within the bank title. It is appropriately collected along with security printing history and banknote engraving company sample notes and related items. The title selected for this Tint Essay was an interesting one. The Bank of the Republic's president was Gazaway Bugg Lamar, later the Bank of Commerce in Savannah president. Lamar orchestrated the engraving and printing of the Confederate States of America Montgomery notes by the National Bank Note Co. in New York, and their delivery for issue from the Confederate capitol. The Obsolete title became National Bank Charter #1000, which led to confusion when the 1882 Brown Backs were issued, with that big "1000" on the back making it look like a new type of $1,000 bill. The note has a full light brown tint across, with red FIVE protector at the bottom center. We have observed and confirmed at least one other tint color (golden). At the top center is reclining Commerce at the shore, with a ship at full sail behind. At each end are different female portraits, flowers adorning their hair, in ovals. The woman at left appears to be dabbing perfume behind her ear. Engraved counters are above and below. A Hole Punch Cancelled Specimen note, acting as sample proof in this case on the bond paper. The condition is Gem New 66PPQ, just about perfect. An eclectic item from late 1850s engraving history. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,527.50. Newman VI (Heritage Auctions, 4/2015), lot 19264. Description courtesy of Heritage Auctions.