||New York, NY - Seventh Ward Bank $500 18__ NY-1910 G18 SENC. Proof. PCGS Choice About New 58 Apparent. This is another wonderful New York City discovery from a very rare bank title. For decades it has resided with the series $1,000 proof to follow. This earlier Chartered Bank issue has no Bank Seal used. It was engraved and printed by Rawdon, Wright, Hatch & Co., New-York on India paper only. The style is classic 1830s period, with the top vignette of Mercury (as Plenty) about to share his bounty with seated Commerce, who gazes up at him and holds out her hand; behind, an eagle holds a banner in its beak. That vignette, signed at the bottom by George Hatch and Freeman Rawdon, is flanked by "500" dies on shaded lathe work. At the left end is a wide lathe panel with perpendicular FIVE HUNDRED. At bottom right is the launching of an American frigate while a large crowd of people watches; seen on this series. Hole Punch Cancelled as made and noted by PCGS as having "Mounting Remnants on Back; Minor Stains," the latter from some old dampness. This discovery Seventh Ward Bank $500 is the first we have encountered. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,527.50. Newman VI (Heritage Auctions, 4/2015), lot 19267. Description courtesy of Heritage Auctions.