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Lot 89754

Image Information

Type Currency
Title Lot 89754
Country United States
Description Edwardsville, IL - Exchange Bank of Illinois 37-1/2 Cents "on demand, at our Banking-House" Feb. 4, 1820 Haxby-UNL. PCGS Very Fine 25. This is an intriguing and very early Illinois remainder note, and thus an important piece of Illinois banking history. This seems like a bank to us, and the obligation bears that out. The Bank of Edwardsville was opened in 1818 and also issued cashier change bills. The size format is identical to Philadelphia style change notes of the era, but this is simple and has no imprint. Typeset within linear frames; the ends show ornamental cartouches with the denomination written left and ILLINOIS right. There is space for one signature, like that of a cashier. The 50 cents note from this issue sold for $493.50 in Newman Part VII, October 2015. This is very rare and significant. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2017). (Description courtesy of Heritage Auctions, Realized $4230.00.

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Image Collection Eric P. Newman Collection (Internet Sale 3)
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