||Montgomery, AL - Montgomery Insurance Company $1 Apr. 7, 1862 Rosene 242-2. PCGS Very Fine 20 Apparent. This is one of the most complex issuers from Alabama. These interesting notes were printed with brown, green, and red ink. A phoenix is at top center above the Gothic title. These notes were "Receivable for Stage Fare on all Lines in Georgia, Florida, Alabama, Mississippi, Louisiana and Texas; and for Postage on most of them." A diminutive stagecoach vignette is at lower right. Grading notes: "Edge Splits and Tears; Hinge Repair on Back." Excellent color contrast and an appealing example. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2017).
(Description courtesy of Heritage Auctions, ha.com.) Realized $176.25.