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Lot 19271

Image Information

Type Currency
Title Lot 19271
Country U.S.
Grade Fine 15
Service PCGS
Description Plattsburgh, NY - Iron Bank $1 Sept. 1, 1860 NY-2230 G2a SENC. PCGS Fine 15 Apparent. This is a great, late date Santa Claus vignetted type from the Iron Bank and fully issued, signed by Bellinger as Banker (not bank "President). We believe this to be unique. Eric P. Newman loaned an image to Roger Durand to illustrate his Christmas volume (Durand NY-86). Engraved and printed by the American Bank Note Co., New-York, it features the Type III George Baldwin engraved Santa Claus vignette. The bank and earlier Baldwin, Adams & Co. proofs appeared in the 1990 American Bank Note Company Archives sale, but none had this later imprint or the "Lazy 1" protector. A serene layout, the Santa Claus is jovial in his sleigh contrary to the RWHE engraved Santa Claus vignettes, and sits upon the title across like Santa would sit on a rooftop. Underneath is the red protector "1" across in "Lazy" or horizontal style (a "Lazy Ace"). At the lower left is the New York Bank Seal and at the lower right, a mechanic with sledgehammer on his shoulder. All the vignette elements are from the earlier Baldwin, Adams & Co. engraved plate. "Minor Stains" are noted but are unlikely to enter the discussions of the most serious bidders. This is another miracle of survival from a bank that redeemed most of its circulation. Easily, this is one of the most significant issued Obsolete banknotes in the Northern portion of the collection, and worthy of generating much excitement. Ex: Eric P. Newman Numismatic Education Society. Realized $9,987.50. Newman VI (Heritage Auctions, 4/2015), lot 19271. Description courtesy of Heritage Auctions.

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