| Description |
(St. Louis, MO) � Illinois Savings Bank at St. Louis "on deposit [at]" Burlington, W. T. $5 July 25, 1836 Unlisted Spurious Note. PCGS Very Good 8 Apparent. A mysterious three-state note, and a rare one, but posing many questions. It is very typical of its 1836 time period, creating confusion with multiple locations, small print title detail, and crude production. It is the handiwork of the numerous spurious note magicians that plagued commerce on the frontier, particularly in this period. Eric considered this an illegal branch in St. Louis of an Illinois bank. Seated Agriculture at top center is over the title, and the obligation is below. Identical panels show Jefferson at the center. At the base is a steamboat with BURLINGTON, W.T. arcing above. No. 283. Noted with "Mounting Remnants and Damage; Small Edge Tears." One of the more interesting spurious notes we have seen from the Newman Collection, and one of the rarest. Ex: Eric P. Newman Numismatic Education Society.
From Newman X (Heritage Auctions, November 2018), lot 20157, realized $1320. |
