||Philadelphia, PA - Bank of the United States (the Third) $5000 Post Note December 15, 1840 US-3 G106 Hoober 305-166. PCGS About New 50. This is the highest of a very popular high denomination series. Like the other Third Bank notes, this was engraved and printed by Draper, Toppan, Longacre & Company using a taller format than lesser denomination demand notes from the bank. The Post Note was payable at a written time in the future, in this case "twelve months" and "in New York." On the blank bank are various stamped interest statements. At the top center is the bank building vignette seen on this series by DTL. At the left end is seated Liberty writing POST NOTE 5000 on a scroll. At the right end is William Penn in an oval. In each corner is "5000" on shaded lathe work. This is a choice example with modest handling only and a very scarce, impressive high denomination note from the failed Third Bank. Ex: Eric P. Newman Numismatic Education Society.
Realized $3,055.00. Newman VI (Heritage Auctions, 4/2015), lot 19312. Description courtesy of Heritage Auctions.