||Canada � Z. Chipman per St. Stephens Bank, St. Stephens, New Brunswick $3 May 1, 1863 Charlton 675-22-04-10. PCGS Fine 12. A very scarce and interesting issue which was payable "in current funds of the United States," as stated in the obligation. This private scrip has all the hallmarks of a banknote. Engraved and printed by the American Bank Note Company. The left end has the bank title arcing over the logging vignette seen on the Jewett & Pitcher $1 above. At lower right is a portrait of bank president William Todd (his engraved signature is at lower left). The name of Z. Chipman is bolded in the right center. The intricate green back has a "3" die in the center. Fully issued, with penned cashier signature. A solid, problem-free note, and the first we have handled. Ex: Eric P. Newman Numismatic Education Society.
From Newman X (Heritage Auctions, November 2018), lot 20344, realized $3360.