| Description |
Watertown, NY � O. Paddock Company�s Bank $1 Raised to $10 March 7, 1864 NY-2870-UNL. PCGS Very Good 10 Apparent. The Newman Collection arguably had the most comprehensive selection of raised-denomination Obsolete notes ever encountered. Such notes would be seized by the bank if turned in for redemption as altered. All notes from this bank are SENC in Haxby and virtually unknown. The bank redeemed nearly all the circulation prior to becoming the Second National Bank of Watertown. This unlisted raised $1 to $10 it is a bit of a failure as the top two altered dies fell off long ago. At top center is the vignette Milking Time by the National Bank Note Company. The bank department seal is at lower left, and a portrait of a young woman is at lower right. Signed by the banker O. Paddock. Grading notes "Paper Damage; Pinholes; Minor Rust Stains." Unique and interesting. Ex: Eric P. Newman Numismatic Education Society.
From Newman X (Heritage Auctions, November 2018), lot 20463, realized $264. |
