||Saratoga Springs, NY - Commercial Bank of Saratoga Springs $1 June 2, 1856 NY-2505 G2b. PCGS Extremely Fine 45PPQ. Superb condition and rarity combine on this very collectible, fully issued banknote. The Obsolete title redeemed most of its circulation and became a National Bank in 1865 (Charter #1227) that issued only First Charter period notes. Engraved by Wellstood, Hay & Whiting, New-York with "ABC" monogram; a great layout from this engraving firm. At the top are the titles and just below is a red protector ONE. At the left is a seated female with ornate "1". At the far right is a seated shepherd in a field with his resting charges. The condition is outstanding, with quarter folds visible, but perfectly framed all around. We have one sales record at our predecessor CAA firm's Gordon Harris collection sale in September 2000 at $550 for a note in lesser condition. Fifteen years later, a similar note of this stature should be worth multiples of that figure. Ex: Eric P. Newman Numismatic Education Society.
Realized $2,350.00. Newman VI (Heritage Auctions, 4/2015), lot 19276. Description courtesy of Heritage Auctions.