||Proctorsville, VT - Black River Bank $20 Jan. 1, 1865 VT-185 G12a Coulter 13. PCGS Very Fine 20. This is an important example for Obsolete note collectors who appreciate the great rarities. The Black River Bank's notes are known, but mostly in lesser denominations. More importantly though, $20 issued notes from any bank that converted to National Bank Status (here, the National Black River Bank, Charter #1383) are extreme rarities due to the purchasing power of the note. Generally, they would all get redeemed, or nearly all as we see here. The design is striking and also by Danforth, Spencer & Hufty, New-York/Spencer, Hufty & Danforth, Philad. as dual imprint. The title is across the center of the note with a deep red protector TWENTY underneath. At the upper right is Plenty receiving a "20" die from a floating female figure. At the left is a male portrait. Fully signed and issued, and with a late date of Jan. 1, 1865. This is an extreme rarity and, we venture to say, likely unique. Clean surfaces and bold color, with trimming close in the traditional "New-England Cut" manner. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,762.50. Newman VI (Heritage Auctions, 4/2015), lot 19374. Description courtesy of Heritage Auctions.