||New London, CT - Union Bank in New London 1 Penny August 6, 1792 Newman page 115, Haxby CT-320 UNL. PCGS Fine 15 Apparent. This change-bill is from the earlier-dated Newman and Haxby listed small format scrip note series; it is denominated in the English system. This simple note is composed of typeset text, ornamental borders, and a crude emblem with one grapevine (the Connecticut seal has three) cupped within the bank title. Amazingly, John Hallam (the cashier) and Jedediah Huntington (the president), both found space to sign the diminutive note. The printed back has the interesting statement "...instituted for the Benefit and Convenience of Trade, Manufactures and Husbandry" within a plain frame. Grading notes "Repaired Splits and Tears; Piece Replaced at Right." Very scarce in all grades. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2017).
(Description courtesy of Heritage Auctions, ha.com.) Realized $763.75.