| Description |
(1811-15) Planters Bank Countermark Fine 12 Host, VF CountermarksCirculating small change was in critically short supply throughout the South in the early 1800s, when cut "two bits" pieces served as a stop-gap solution, taking the place of U.S. quarter dollars. In particular, Planters Bank of New Orleans was in dire need of quarters. Existing crenate (scalloped) segments cut from 8 reales were removed from circulation and verified by the bank as an anti-counterfeiting measure. Circular countermarks were struck on both the obverse and reverse - an elaborate script P.B. within a chain-link circle on the obverse, and NOUVELLE ORLEANS surrounding an eagle on the reverse (eagle's head under V). In subsequent years, Planters Bank supplied large shipments of bullion to the Philadelphia Mint in exchange for freshly minted federal quarters dated 1815 and 1825. Ex: Eric P. Newman Numismatic Education Society.
Heritage Auctions 11/2018 (Newman XI), lot15047 (realized $10200).
Heritage link: http://www.ha.com/c/item.zx?saleNo=1283&lotIdNo=11852 |
