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Lot 19351

Image Information

Type Currency
Title Lot 19351
Country U.S.
Grade Very Fine 20
Service PCGS
Description (Salt Lake City, U.T.) - Reissued Kirtland Safety Society Bank $3 18__ OH-245 G6 Rust 69. PCGS Very Fine 20. Another rare Reissued Kirtland note hand-signed by the officials in January 1849 (but, they did not re-date these) on a $3 host note from the lesser denomination. Underwood, Bald, Spencer & Hufty, N. York & Philad. plate configuration. Standard designs as seen on regular Kirtland and Anti-Bank-ing notes. The titles, with large BANK, are left of center, and to the right is a vignette of an early locomotive and cars in three-quarter head-on view. Flanking are cameo heads with "1." Nearly identical ends have "3" numerals in the center and each corner shows a classical cameo profile head facing outward. The original note with secretarial signature of J. Smith, Jr. and S. Rigdon; this example was signed above, but does not obscure the name Rigdon, which had been obliterated by the re-issuance, as on the previous note. Like the previous $1, the original issued date is not visible. The embossed Seal of the Twelve Apostles is not readily visible, or it may not have been placed on the note. Reissued with countersignatures at Salt Lake City by N. K. Whitney (signed over the former issue in Kirtland), Brigham Young and Heber C. Kimball, as stated, above Rigdon. At the upper left is "TB," Thomas Bullock's initials, just under the serial number. An extremely rare and key type. There were only 23 reissued $3 notes, only two serial numbers are higher on the records, and it is estimated by Nyholm that there may be less than ten known as of 2010 (including Anti-Bank-ing Co. reissued notes). This is the first we have offered and in fact, we have only cataloged and sold $5 and $10 Reissued Kirtland notes. The Schingoethe Collection note was the record breaker by far of this type, and for any Reissued Kirtland in their Part 14 Sale, April 9, 2008, Lot 1971, which realized a staggering $54,625. That note may have been conservatively graded at Very Fine-Extremely Fine and is arguably the finest grade Reissued note of any denomination. This $3 Reissued Kirtland is very attractive with excellent signatures. With even margins all around, the paper still exhibits some body, despite folds visible from the back. In a Three dollar bill collection, this would be the central note, exemplifying American history and beautiful artistry in one package. Ex: Eric P. Newman Numismatic Education Society. Realized $22,325.00. Newman VI (Heritage Auctions, 4/2015), lot 19351. Description courtesy of Heritage Auctions.

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