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Lot 20158


Image Information

Type Currency
Title Lot 20158
Country United States
Description St. Louis, MO � Treasurer of the City of St. Louis $1 Jan'y 2, 1843. PCGS Very Fine 25 Apparent. This may be the most important municipal issued note from Missouri. It is the only note from the series we have observed or cataloged and is possibly unique. The municipal issue was essential in the wake of the suspension of specie payments in 1837, the Bank of the United States crisis, and the failure of the early Bank of the State of Missouri. The reason for the immense rarity of this note, payable on demand and also a deposit instrument, is that nearly all must have been redeemed when the crisis passed shortly after issuance. A beautifully produced note. Engraved and printed by Durand, Hammond, & Mason, Cincinnati (the same printer as the County of St. Louis notes). At top left center, the vignette of St. Louis City Hall is flanked by oval "1" dies. The far left end has a perpendicular ONE on shaded lathe work, and the right end has scalloped ONE dies in the corners. The title is across with the obligation underneath, and a large red ONE protector covers most of the bottom half. Plate B. No. 234. Fully issued and signed by the comptroller and auditor; payable from the "auditors' office," St. Louis. A special note that stands out as very distinctive. Noted with "Repaired Edge Tears; Rust Stains on Back." The antique strip repairs on the back do not affect the face eye appeal. This has resided in the Newman Collection for numerous decades and is cataloged for the first time for public sale. A historic St. Louis rarity. Ex: Eric P. Newman Numismatic Education Society. From Newman X (Heritage Auctions, November 2018), lot 20158, realized $9600.

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Image Collection Eric P. Newman Collection, Part X
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