| Description |
New Orleans, LA � Mechanics' & Traders' Bank $50 Jan. 23, 1862 LA-85-UNL SENC. PCGS Very Fine 25. One of the rarest issued Louisiana banknotes from the Newman Collection and an important high denomination. This is from the last unregistered series of notes with no auditor signature (the engraved "Auditor" perpendicular at top left is crossed out in red, similar to G36a SENC otherwise). Exquisite style by Rawdon, Wright, Hatch, & Edson, N.O. & N.Y. A mechanic is seated next to a large pipe at the upper right, with a shipyard in the background. Ends show counters at top and bottom with a standing sailor at the left and a Mechanical Industry allegory at the right. The orange back has the title across the center. The only other note from the bank we handled was a lesser-grade $10 note which realized $2,990 in January 2009. The paper is wholesome and natural, the orange back color is vibrant, and the note is perfectly margined all around. The only example we have seen. A phenomenal combination of great rarity, pedigree, and condition. Ex: Eric P. Newman Numismatic Education Society.
From Newman X (Heritage Auctions, November 2018), lot 20119, realized $6000. |
