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Lot 19303

Image Information

Type Currency
Title Lot 19303
Country U.S.
Grade Fine 15
Service PCGS
Description Jersey Shore, PA - Jersey Shore Bank $5 September 4, 1858 PA-195 G4 Hoober 172-4. PCGS Fine 15. This is an intriguing, exceedingly rare Pennsylvania Obsolete note from a virtually unknown title. Except for the Haxby-Hoober dual plated $1 note from the next series engraved by the ABN, we have never seen another example nor found any during our research. The issuer was not in the 1990 NASCA-Smythe sale. Richard T. "Dick" Hoober does cite this specific handwritten date for the type (Pennsylvania Obsolete Notes and Scrip, 1985, SPMC), but this listing was gleaned from the Wismer Pennsylvania listings (#287). Perhaps this note was purchased from D.C. Wismer of Pennsylvania decades ago, when Eric Newman corresponded with and purchased notes from him. Jersey Shore is nowhere near the beach or New Jersey, but in centrally located Lycoming County, near the Susquehanna. Classic American realism is used on the engraved vignettes by Danforth, Wright & Co., Philad. & New-York; full red color tint is across the note with a white outlined FIVE. In the center are river rafters with their "shanty" (as described in the period Bank Note Reporters and later Wismer). At the left is an allegorical female, while at the lower right are miners at work. A problem-free note has some normal, uniform soiling as seen on a Fine note. The period-penned "48 ?" is curious and speculatively, this may have been the percentage of par paid on the note later. The fate of the bank is not known, but the great rarity of the notes indicates most were redeemed. This is a real prize for the best Pennsylvania collection with the intriguing notation adding to its appeal. Ex: Eric P. Newman Numismatic Education Society. Realized $2,820.00. Newman VI (Heritage Auctions, 4/2015), lot 19303. Description courtesy of Heritage Auctions.

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