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- Kirtland, OH - Kirtland Safety Society Bank $20 Mar. 9, 1837 OH-245 G12, Wolka 1424-14, Rust 9. PCGS Very Fine 30 Apparent. The Mormon paper currency history commences in Kirtland, Ohio in 1836 when Church elders, led by Prophet Joseph Smith, Jr. and Sidney Rigdon (as cashier for the bank), sent their designees to Columbus, Ohio (chaired by Orson Hyde) to seek a state bank charter. Simultaneously, the other group of elders (led by Oliver Cowdery) went to Underwood, Bald, Spencer & Hufty in Philadelphia to contract for engraved plates, proofs and the sheet printing from the four plates purchased. Having the plates engraved and printed was easily accomplished. However, officials at the State Capitol in Columbus required specie or other collateralization to protect the circulation and denied the charter. Regardless, their notes were already printed and ready to issue, and the bank began operations. Early $1, $2, and $3 notes were stamped "Anti-Banking Co." in diminutive letters to comply with or skirt the law, depending on one's viewpoint. The vast majority of Kirtland notes, from $1 to $100, were dated and emitted in March 1837, though some are dated earlier. The bank, of course, did not survive the nationwide bank panic in 1837, although Smith had guaranteed the notes would one day "be as good as gold." The lack of specie caused the bank's failure and was a large factor in the Mormon migration from Ohio to their eventual settlement in Salt Lake City This is a desirable $20 Kirtland Mormon note and much scarcer than lower denominations from the series. These were printed on an oddly configured $20A-$10A two-subject sheet engraved at Underwood, Bald, Spencer & Hufty, N. York & Philad. from the original plate order (see Nyholm, Fig. 16 and 1990 ABN Sale, Lot 1463). Seated Commerce, at top center, holds a sheaf with the wrapping so extensive it appears at first glance to be a diminutive palm tree. An allegorical figure with palette and brush sits beside her. On the other side, with her arm on Commerce's knee, a figure holding an open book crouches. A ship is partially visible in the background. Block "20" counters are above and below at both ends, with an oval picture of a farm family in between. The secretarial signature of J. Smith, Jr. is at the left and S. Rigdon at the right. Very scarce, and estimates of about 50 notes surviving today seem supported by Nyholm's more detailed research, census data and expansion from the earlier Alvin E. Rust work (Mormon and Utah Coin and Currency), along with the research in the October 2004 Stack's John J. Ford, Jr. Part VI catalog. Noted with "Minor Stains." There is a small patch of foxing noted by grading on the serial number. The note has excellent body and the Smith signature stands out. The Extremely Fine 40PPQ $20 from Newman Part VI realized $6,463. These Kirtland higher denominations are always in demand. Ex: Eric P. Newman Numismatic Education Society Realized $3172.50. Newman VII (Heritage Auctions, 10/2015), lot 18534. Description courtesy of Heritage Auctions.
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- Kirtland, OH - Kirtland Safety Society Bank $20 Mar. 9, 1837 OH-245 G12, Wolka 1424-14, Rust 9. PCGS Very Fine 30 Apparent. The Mormon paper currency history commences in Kirtland, Ohio in 1836 when Church elders, led by Prophet Joseph Smith, Jr. and Sidney Rigdon (as cashier for the bank), sent their designees to Columbus, Ohio (chaired by Orson Hyde) to seek a state bank charter. Simultaneously, the other group of elders (led by Oliver Cowdery) went to Underwood, Bald, Spencer & Hufty in Philadelphia to contract for engraved plates, proofs and the sheet printing from the four plates purchased. Having the plates engraved and printed was easily accomplished. However, officials at the State Capitol in Columbus required specie or other collateralization to protect the circulation and denied the charter. Regardless, their notes were already printed and ready to issue, and the bank began operations. Early $1, $2, and $3 notes were stamped "Anti-Banking Co." in diminutive letters to comply with or skirt the law, depending on one's viewpoint. The vast majority of Kirtland notes, from $1 to $100, were dated and emitted in March 1837, though some are dated earlier. The bank, of course, did not survive the nationwide bank panic in 1837, although Smith had guaranteed the notes would one day "be as good as gold." The lack of specie caused the bank's failure and was a large factor in the Mormon migration from Ohio to their eventual settlement in Salt Lake City This is a desirable $20 Kirtland Mormon note and much scarcer than lower denominations from the series. These were printed on an oddly configured $20A-$10A two-subject sheet engraved at Underwood, Bald, Spencer & Hufty, N. York & Philad. from the original plate order (see Nyholm, Fig. 16 and 1990 ABN Sale, Lot 1463). Seated Commerce, at top center, holds a sheaf with the wrapping so extensive it appears at first glance to be a diminutive palm tree. An allegorical figure with palette and brush sits beside her. On the other side, with her arm on Commerce's knee, a figure holding an open book crouches. A ship is partially visible in the background. Block "20" counters are above and below at both ends, with an oval picture of a farm family in between. The secretarial signature of J. Smith, Jr. is at the left and S. Rigdon at the right. Very scarce, and estimates of about 50 notes surviving today seem supported by Nyholm's more detailed research, census data and expansion from the earlier Alvin E. Rust work (Mormon and Utah Coin and Currency), along with the research in the October 2004 Stack's John J. Ford, Jr. Part VI catalog. Noted with "Minor Stains." There is a small patch of foxing noted by grading on the serial number. The note has excellent body and the Smith signature stands out. The Extremely Fine 40PPQ $20 from Newman Part VI realized $6,463. These Kirtland higher denominations are always in demand. Ex: Eric P. Newman Numismatic Education Society Realized $3172.50. Newman VII (Heritage Auctions, 10/2015), lot 18534. Description courtesy of Heritage Auctions.
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- Canton, OH - Stark County Bank at Canton, Ohio $5 Jan. 1, 1857 OH-25 G12a, Wolka 0280-05. PCGS Fine 15. This bank's issued notes are extremely rare, with more proofs known at this time. Slightly left of center, in an oval frame, a bespectacled man is portrayed. A large, downward-facing, red, "Lazy 5" protector is at the bottom. At lower left, a thirsty frontiersman uses his palm to gather a drink of water from a swift stream. The right vignette, used exclusively on several Ohio banks, features Webster and Calhoun in the Library. Webster stands with the seated Calhoun; a globe is prominent at the right. The Wendell Wolka Collection was the definitive Ohio Obsolete note collection of all time and he had few issued notes of this style. His later-dated $5 from the title, without a protector and with a red back, realized $1,880 in our April 2014 CSNS Signature sale featuring his collection. This bold note is sharply signed and quite handsome. Ex: Eric P. Newman Numismatic Education Society Realized $998.75. Newman VII (Heritage Auctions, 10/2015), lot 18533. Description courtesy of Heritage Auctions.
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- Canton, OH - Stark County Bank at Canton, Ohio $5 Jan. 1, 1857 OH-25 G12a, Wolka 0280-05. PCGS Fine 15. This bank's issued notes are extremely rare, with more proofs known at this time. Slightly left of center, in an oval frame, a bespectacled man is portrayed. A large, downward-facing, red, "Lazy 5" protector is at the bottom. At lower left, a thirsty frontiersman uses his palm to gather a drink of water from a swift stream. The right vignette, used exclusively on several Ohio banks, features Webster and Calhoun in the Library. Webster stands with the seated Calhoun; a globe is prominent at the right. The Wendell Wolka Collection was the definitive Ohio Obsolete note collection of all time and he had few issued notes of this style. His later-dated $5 from the title, without a protector and with a red back, realized $1,880 in our April 2014 CSNS Signature sale featuring his collection. This bold note is sharply signed and quite handsome. Ex: Eric P. Newman Numismatic Education Society Realized $998.75. Newman VII (Heritage Auctions, 10/2015), lot 18533. Description courtesy of Heritage Auctions.
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- Raleigh, NC - State of North Carolina $4 August 1, 1862 Cr. 86E. PCGS Very Fine 20 Apparent. We have often pointed out the Newman Collection's diversity, and sometimes, mystery. This State of North Carolina $4 is enigmatic, and the most recent revision of Shull-Criswell renumbered this note as Cr. 86E (to be closer to related denominations of similar character) and noted it and those other types sharing the style as spurious issues, not issued officially by the state. However, the great rarity is undisputed. Hugh Shull assigned a Rarity-11 (2-4 known) rating, and we have seen only one other. Printed on frail, onion skin type paper without imprint. NORTH CAROLINA is across. A cartouche with the obligation is at top. Ends have the denomination split, FOUR at left and DOLLARS at right. Noted with "Paper Adhered to Back; Small Edge Split at Right." The eye appeal is bright and vibrant. An extremely rare, extraordinary note and one of the most important Southern States notes from the Newman Collection. Ex: Eric P. Newman Numismatic Education Society Realized $1645.00. Newman VII (Heritage Auctions, 10/2015), lot 18532. Description courtesy of Heritage Auctions.
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- Raleigh, NC - State of North Carolina $4 August 1, 1862 Cr. 86E. PCGS Very Fine 20 Apparent. We have often pointed out the Newman Collection's diversity, and sometimes, mystery. This State of North Carolina $4 is enigmatic, and the most recent revision of Shull-Criswell renumbered this note as Cr. 86E (to be closer to related denominations of similar character) and noted it and those other types sharing the style as spurious issues, not issued officially by the state. However, the great rarity is undisputed. Hugh Shull assigned a Rarity-11 (2-4 known) rating, and we have seen only one other. Printed on frail, onion skin type paper without imprint. NORTH CAROLINA is across. A cartouche with the obligation is at top. Ends have the denomination split, FOUR at left and DOLLARS at right. Noted with "Paper Adhered to Back; Small Edge Split at Right." The eye appeal is bright and vibrant. An extremely rare, extraordinary note and one of the most important Southern States notes from the Newman Collection. Ex: Eric P. Newman Numismatic Education Society Realized $1645.00. Newman VII (Heritage Auctions, 10/2015), lot 18532. Description courtesy of Heritage Auctions.
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- Raleigh, NC - Treasury of North Carolina-Act of 1823, Chapter 7 50 Cents Oct. 2, 1824 CR. 024. PCGS Fine 15. This very rare 50 cents note is from the final enactment and date for these initial State Treasury issues. The imprint of Fairman, Draper, Underwood & Co. is cleverly disguised in the eagle's banner seen in the base vignette at lower left. The style of the three-quarter portrait of Benjamin Franklin confirms the engraving firm and is featured in an ornate frame at top center. Interestingly, one hand is depicted; the index finger points to the "50" counter at the right. End panels show the textual denomination at left, and "50" at right. This also has a Rarity-11 rating in Shull-Criswell, but perhaps there are a few more known than when the latest census was compiled. However, the condition is exemplary for a note from this enactment and genre. Ex: Eric P. Newman Numismatic Education Society Realized $1645.00. Newman VII (Heritage Auctions, 10/2015), lot 18531. Description courtesy of Heritage Auctions.
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- Raleigh, NC - Treasury of North Carolina-Act of 1823, Chapter 7 50 Cents Oct. 2, 1824 CR. 024. PCGS Fine 15. This very rare 50 cents note is from the final enactment and date for these initial State Treasury issues. The imprint of Fairman, Draper, Underwood & Co. is cleverly disguised in the eagle's banner seen in the base vignette at lower left. The style of the three-quarter portrait of Benjamin Franklin confirms the engraving firm and is featured in an ornate frame at top center. Interestingly, one hand is depicted; the index finger points to the "50" counter at the right. End panels show the textual denomination at left, and "50" at right. This also has a Rarity-11 rating in Shull-Criswell, but perhaps there are a few more known than when the latest census was compiled. However, the condition is exemplary for a note from this enactment and genre. Ex: Eric P. Newman Numismatic Education Society Realized $1645.00. Newman VII (Heritage Auctions, 10/2015), lot 18531. Description courtesy of Heritage Auctions.
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- Raleigh, NC - Treasury of North Carolina-Act of 1814, Chapter 6 5 Cents Aug. 4, 1815 Cr. 01. PCGS Fine 12. An extremely rare note and series as listed in Hugh Shull's A Guidebook of Southern States Currency (known as Shull-Criswell). This is from the initial series of notes, and the type is plated in Shull-Criswell with a museum collection example that is not as sharp looking as this. An intaglio engraved note by Murray, Draper, Fairman & Co. The agricultural vignette at top center shows a pleasingly arranged grouping of a rake, sheaves of grain and a sickle. Cartouches in the intricate end panels show the denomination in reversed out type. Signed in pen by the public treasurer. Assigned a Rarity-11 rating (2-4) known, and our research confirms this. Our CAA September 2003 Raleigh collection did not contain any examples from the early Treasury note enactments. The Charles Affleck North Carolina collection (NASCA Van B. Elliott sale catalog, May 1, 1979) also did not contain a note from the series. The condition is superior to that seen on the majority of early North Carolina Treasury notes. Most of the few observed notes, of all types, generally average Good or so, and many show significant damage. Excellent paper body and a historic example of early North Carolina State currency. Ex: Eric P. Newman Numismatic Education Society Realized $1762.50. Newman VII (Heritage Auctions, 10/2015), lot 18530. Description courtesy of Heritage Auctions.
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- Raleigh, NC - Treasury of North Carolina-Act of 1814, Chapter 6 5 Cents Aug. 4, 1815 Cr. 01. PCGS Fine 12. An extremely rare note and series as listed in Hugh Shull's A Guidebook of Southern States Currency (known as Shull-Criswell). This is from the initial series of notes, and the type is plated in Shull-Criswell with a museum collection example that is not as sharp looking as this. An intaglio engraved note by Murray, Draper, Fairman & Co. The agricultural vignette at top center shows a pleasingly arranged grouping of a rake, sheaves of grain and a sickle. Cartouches in the intricate end panels show the denomination in reversed out type. Signed in pen by the public treasurer. Assigned a Rarity-11 rating (2-4) known, and our research confirms this. Our CAA September 2003 Raleigh collection did not contain any examples from the early Treasury note enactments. The Charles Affleck North Carolina collection (NASCA Van B. Elliott sale catalog, May 1, 1979) also did not contain a note from the series. The condition is superior to that seen on the majority of early North Carolina Treasury notes. Most of the few observed notes, of all types, generally average Good or so, and many show significant damage. Excellent paper body and a historic example of early North Carolina State currency. Ex: Eric P. Newman Numismatic Education Society Realized $1762.50. Newman VII (Heritage Auctions, 10/2015), lot 18530. Description courtesy of Heritage Auctions.