||Columbia, TX - Commercial & Agricultural Bank of Texas $2 18__ TX-5 G4 Olson 1323 Medlar 19. Proof. PCGS About New 53 Apparent. This is a very rare denomination from the bank and was originally engraved and printed from a rarely used $3-$2-$2-$2 configured sheet (see 1990 ABN Sale, Lot 1932, at $1,760). It was printed by Draper, Toppan, Longacre & Co. on India Proof only and Hole Punch Cancelled as prepared. At the lower left are loggers at work, and at the far upper right is an early cowboy (gaucho). The title is across. Left of center and above is an interesting vignette of a Federal style eagle, with a snake in its beak, on a cactus (in the style of the Mexican Flag emblem). The three examples from the 1990 ABN Sale are in the Rowe-Barr Collection at DeGolyer Library at Southern Methodist University, and not available to collectors. We also note an individual $2 proof from the Western Reserve Historical Society Sale in 1996 (with a $3 proof), lot 909, realized $2,750 to a telephone bidder. The October 2007 Ford XX Sale, Lot 3189, sold an unissued remainder note for $3,220. Designated Apparent, and noted as having "Paper Scuff and Tear at LR; Corners Rounded." While the $1 remainder notes are accessible, the other higher denominations are not. They can be, with some patience, pieced together using backs of 1862 State of Louisiana notes where they were put to emergency use. This is a bold and impressive example. Ex: Eric P. Newman Numismatic Education Society.
Realized $7,637.50. Newman VI (Heritage Auctions, 4/2015), lot 19326. Description courtesy of Heritage Auctions.