||Weedsport, NY - Weedsport Bank $10 Oct. 3, 1860 NY-2905 G14a SENC. PCGS Very Fine 30. The forty-five New York Obsolete notes in this sale provide a wide retrospective of Empire State banking history and the many engraving firms of the Obsolete banknote era. The Weedsport Bank is one of the rarest of the Upstate titles and this note and series was engraved by the less seen Gavit & Co., Albany, with "ABC" monogram imprint. All the notes are SENC in Haxby. Higher denomination banknotes, like $10 bills, were almost always redeemed due to their purchasing power. Thus, another blessed survivor is available to today's collectors. At the center are America and an eagle, each with their own shield; the eagle, gripping arrows, stands atop his shield. At the upper left is a large oval male portrait above the large "X." At the lower right is the New York Bank Seal with an intricate "10" counter above. Exceedingly rare and choice; the condition is marvelous as well. We know of one other note from the bank, an issued $1 note that was sold in the final Schingoethe Part 18 sale at the 2009 Memphis show and later at the Stack's Bowers 2012 Philadelphia ANA auction. This is a better denomination in sharper condition. Another rather undervalued Obsolete, in our opinion, that is likely irreplaceable. Ex: Eric P. Newman Numismatic Education Society.
Realized $2,115.00. Newman VI (Heritage Auctions, 4/2015), lot 19279. Description courtesy of Heritage Auctions.