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Lot 19288

Image Information

Type Currency
Title Lot 19288
Country U.S.
Grade Very Fine 30
Service PCGS
Description Kirtland, OH - Kirtland Safety Society Anti-Bank-ing Co. $2 Jan. 4, 1837 OH-245 G4 Wolka 1422-02 Rust 13. PCGS Very Fine 30 Apparent. The Kirtland Safety Society Anti-Bank-ing Co. notes were the first issued Kirtland notes, yet the Mormon currency books list these notes second. This is the convention used in the recent Nyholm book as well as in specialized auction catalogs with Mormon notes, such as Clifford, Ford and Schingoethe. The failure to secure the bank charter with notes in hand and ready to issue, forced some creativity upon the Kirtland-based Mormon community. Their idea was to insert small type to create this "title" making it a "company" and not a bank. All the notes are dated January 4, 1837 and eventually, several of these were carried across the plains to Salt Lake City to be reissued. The host $2 note, prior to the stamping, was engraved and printed from the lower denomination plate by Underwood, Bald, Spencer & Hufty, N. York & Philad. At the top center is a standing farmer with seated wife, overlooking a harvesting field with busy workers. The title is straight across the note and fairly tightly spaced. At the left is a man shearing sheep in an oval, and at the right, a ship in an oval. Each corner has "2" numerals. The Anti-Bank-ing notes have several signature variants. This example is signed by Frederick G. Williams and Newell K. Whitney. Note that "Cash" and "Pres" are block printed out in order to stay outside the banking regulations. This is a rare type because it was difficult to apply the stamps around the engraved BANK at the far right. All $2 Kirtland notes tend to be harder to find, but especially so with the Anti-Bank-ing Co. stamping. Nyholm considered 12-15 are known when he published his book Mormon Currency 1837-1937 (2010, Author). They are much less seen than $1 or $3 Anti-Bank-ing Co. notes. Though Apparent for "Minor Stains," this is just petty, scattered foxing. Fully framed, and showing solid paper body, it is top quality. The October 2004 Ford VI Sale, Lot 598, realized $9,200; that was over ten years ago. Here is an opportunity for collectors to enjoy this new example to the community, which perfectly represents this interesting sub-section of the Kirtland Safety Society notes. Ex: Eric P. Newman Numismatic Education Society. Realized $4,700.00. Newman VI (Heritage Auctions, 4/2015), lot 19288. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part VI
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