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- Nantucket, MA - Citizens Bank $3 Jan. 6, 1834 MA-840 G14. PCGS Very Fine 25 Apparent. Issued Nantucket notes are rarely offered. They are usually closely held in collections for lengthy periods. It is amazing to see three notes from this rare title in one auction and all are fascinating individually, and collectively as a superb trio. This New England Bank Note Co./Patent Stereotype Steel Plate engraved issued note merits much plate detail study. Amplifying the craftsmanship of the Perkins patents, a beautifully configured garland chain links encloses the title, obligations and location. The top center vignette shows a cherub as Plenty at left and child Mercury at right as Commerce. The two are seated among commercial goods at the shore. A portrait of George Washington is at far left center, and Lafayette at far right. Both are in oval frames. Outside the oval are floral details and, in the upper corners, spread-winged eagles. This note is one of the most intricate notes we have cataloged from the combined imprint. Noted only with a "Small Edge Tear at Left," and it projects boldly. In the past few years, some engraved vignette Nantucket Obsolete notes easily eclipsed $5,000 and some approached five figures. This is a coveted Massachusetts location and very rare note. Ex: Eric P. Newman Numismatic Education Society Realized $3055.00. Newman VII (Heritage Auctions, 10/2015), lot 18395. Description courtesy of Heritage Auctions.
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- Nantucket, MA - Citizens Bank $1.25 Oct. 17, 1837 MA-840-UNL. PCGS Fine 15. The first of three Nantucket notes from this rare title. All Nantucket notes are well collected and most are rare. Even false types are tough to find. This note is intriguing because it opens up avenues of discussion. It is either a genuine New England Bank Note Co. imprint note printed from a stock plate (making it MA-840 G6 SENC), but resetting only the titles and city or it is an unlisted false bill printed from an altered plate of the same style as the Roxbury Bank (and some other New England issues). In favor of it being a genuine note, the type was not reported in period Bank Note Reporters as a counterfeited type. Nantucket was a major trade center and banking knowledge was essential. However, the left cashier's signature does not perfectly match the genuine $3 note contained in this Newman Collection sale. The style is the same as Adams South Village and other New England notes using this odd denomination configuration of $1.25, $1.50, and $1.75. Various ships are in the vignette at the upper left. The far left end panel has a locomotive at center. An eagle is depicted in in the circle at the bottom right. The excellent condition facilitates examination. This is the first we have seen, so its great rarity is not part of the debate. This is worthy of bringing a surprising realization because of its location and unusual nature. Ex: Eric P. Newman Numismatic Education Society Realized $2467.50. Newman VII (Heritage Auctions, 10/2015), lot 18394. Description courtesy of Heritage Auctions.
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- Monson, MA - Monson Bank $2 Aug. 1, 1863 MA-835 G6a SENC. PCGS Fine 15. For many Massachusetts banks, issued notes are nearly impossible to obtain, or are unknown, due to most converting to national banks in 1864 or 1865 and redeeming their earlier notes (often well into the following decades). The Monson Bank is no exception and this is the first issued note we have cataloged. The unusual style is from a less encountered American Bank Note Co./Jocelyn, Draper, Welsh & Co. imprint. The main vignette is perhaps symbolic of progress vs. nature. The city gentleman at left, shown with smokestacks behind, rests his arm and looks weary or unhappy. The farmer at right, framed by tree branches with his horse behind, holds a farm tool. However, he faces toward "progress." At upper left, a woman in an oval frame charmingly tilts her head and looks toward the center. At lower right, the Stars and Stripes shield and motto. A red lathe work protector outlines TWO at bottom center. The great rarity is in tandem with its splendid grade. This well-margined New England note is devoid of the tight cut so often seen. Another exceptional issued note. Ex: Eric P. Newman Numismatic Education Society Realized $2232.50. Newman VII (Heritage Auctions, 10/2015), lot 18393. Description courtesy of Heritage Auctions.
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- Monson, MA - Monson Bank $2 Aug. 1, 1863 MA-835 G6a SENC. PCGS Fine 15. For many Massachusetts banks, issued notes are nearly impossible to obtain, or are unknown, due to most converting to national banks in 1864 or 1865 and redeeming their earlier notes (often well into the following decades). The Monson Bank is no exception and this is the first issued note we have cataloged. The unusual style is from a less encountered American Bank Note Co./Jocelyn, Draper, Welsh & Co. imprint. The main vignette is perhaps symbolic of progress vs. nature. The city gentleman at left, shown with smokestacks behind, rests his arm and looks weary or unhappy. The farmer at right, framed by tree branches with his horse behind, holds a farm tool. However, he faces toward "progress." At upper left, a woman in an oval frame charmingly tilts her head and looks toward the center. At lower right, the Stars and Stripes shield and motto. A red lathe work protector outlines TWO at bottom center. The great rarity is in tandem with its splendid grade. This well-margined New England note is devoid of the tight cut so often seen. Another exceptional issued note. Ex: Eric P. Newman Numismatic Education Society Realized $2232.50. Newman VII (Heritage Auctions, 10/2015), lot 18393. Description courtesy of Heritage Auctions.
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- Malden, MA - Malden Bank $3 18__ MA-795 G8 SENC. Proof. PCGS Very Choice New 64 Apparent. The Massachusetts binders from the Newman Obsolete note collection have unearthed many notes that have added considerably to our knowledge and appreciation. This Malden Bank $3 proof is from a short-lived issuer that became a national bank and would have redeemed nearly all of its circulation. This is the first proof we have seen, and this New England Bank Note Co./Rawdon, Wright, Hatch & Edson series is all SENC in Haxby and unpublished in the Whitman Encyclopedia, Volume 4. Printed very stylishly on India paper only. The vignette at top depicts a lunch break on the farm. The mother holds a baby on her lap as her husband looks on. While some rest, others use the time to sharpen their tools. At left a sea goddess with a trident appears to sit on a throne of flowing water. At lower right, Liberty with Stars and Stripes floats with three cherubs. Noted as "Hole Punch Cancelled" as made and with "Hinge Remnants on Back." A stunning proof with wide margins. This is a very important Massachusetts proof series and type. Ex: Eric P. Newman Numismatic Education Society Realized $2820.00. Newman VII (Heritage Auctions, 10/2015), lot 18392. Description courtesy of Heritage Auctions.
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- Malden, MA - Malden Bank $3 18__ MA-795 G8 SENC. Proof. PCGS Very Choice New 64 Apparent. The Massachusetts binders from the Newman Obsolete note collection have unearthed many notes that have added considerably to our knowledge and appreciation. This Malden Bank $3 proof is from a short-lived issuer that became a national bank and would have redeemed nearly all of its circulation. This is the first proof we have seen, and this New England Bank Note Co./Rawdon, Wright, Hatch & Edson series is all SENC in Haxby and unpublished in the Whitman Encyclopedia, Volume 4. Printed very stylishly on India paper only. The vignette at top depicts a lunch break on the farm. The mother holds a baby on her lap as her husband looks on. While some rest, others use the time to sharpen their tools. At left a sea goddess with a trident appears to sit on a throne of flowing water. At lower right, Liberty with Stars and Stripes floats with three cherubs. Noted as "Hole Punch Cancelled" as made and with "Hinge Remnants on Back." A stunning proof with wide margins. This is a very important Massachusetts proof series and type. Ex: Eric P. Newman Numismatic Education Society Realized $2820.00. Newman VII (Heritage Auctions, 10/2015), lot 18392. Description courtesy of Heritage Auctions.
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- Lowell, MA - Prescott Bank $5 October 1, 1861 MA-760 G10b SENC. PCGS Fine 12. Notes from the bank are rare and this National Bank Note Company engraved series was the final one for the issuer before they became the Prescott National Bank of Lowell. The face proof using this intricate color tinting is known, but this is fully issued and has a full green color back. In keeping with Lowell's history, the vignette above the title shows a laborer and two children (exhibiting the use of child labor in the American Industrial Revolution) working at a textile mill. To the left of the title is statuesque Liberty as used on several banks and series engraved by the National Bank Note Company. Stars are upon her Phrygian cap and billowing garment. She holds a thick laurel wreath, and the upright Stars and Stripes shield and resting fasces are beside her on the ground. Intricate protective devices using the Cyrus Durand patents abound, with a vertical strip of small overlapping dies left and an upper right large "5" die, all with micro-lettered titles. In green are the frame, wide face guilloche across the center, and left vertical dies enclosed within color lathe work. The green security back has two immense "5" dies at the sides with a much smaller "V" die in the center. Although the back is not vibrant due to honest circulation, this issued note has strong paper quality and is likely unique. Ex: Eric P. Newman Numismatic Education Society Realized $2115.00. Newman VII (Heritage Auctions, 10/2015), lot 18391. Description courtesy of Heritage Auctions.
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- Lowell, MA - Prescott Bank $5 October 1, 1861 MA-760 G10b SENC. PCGS Fine 12. Notes from the bank are rare and this National Bank Note Company engraved series was the final one for the issuer before they became the Prescott National Bank of Lowell. The face proof using this intricate color tinting is known, but this is fully issued and has a full green color back. In keeping with Lowell's history, the vignette above the title shows a laborer and two children (exhibiting the use of child labor in the American Industrial Revolution) working at a textile mill. To the left of the title is statuesque Liberty as used on several banks and series engraved by the National Bank Note Company. Stars are upon her Phrygian cap and billowing garment. She holds a thick laurel wreath, and the upright Stars and Stripes shield and resting fasces are beside her on the ground. Intricate protective devices using the Cyrus Durand patents abound, with a vertical strip of small overlapping dies left and an upper right large "5" die, all with micro-lettered titles. In green are the frame, wide face guilloche across the center, and left vertical dies enclosed within color lathe work. The green security back has two immense "5" dies at the sides with a much smaller "V" die in the center. Although the back is not vibrant due to honest circulation, this issued note has strong paper quality and is likely unique. Ex: Eric P. Newman Numismatic Education Society Realized $2115.00. Newman VII (Heritage Auctions, 10/2015), lot 18391. Description courtesy of Heritage Auctions.
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- Lee, MA - Lee Bank $1 April 1, 18__ MA-725 G6a. Proof. PCGS Extremely Fine 45 Apparent. This Lee Bank India paper proof is vividly printed with full deep red color tint and exquisite style by Danforth, Wright & Co. The color tinting scheme consists of various shades of light to deep red, with a lighter pattern across the note and deeper red, large "1" devices flanking the central vignette. Beneath the arced title is a portrait of a woman holding a dove; the circular frame is composed of micro-lettering. At lower left is a three-quarter portrait of Washington. At lower right is the standing Native American as used on the state seal. A rare proof, and it complements the $2 proof from the series we sold in Newman Part VI in April 2015 for $2,585 (PCGS Choice About New 55 Apparent). Noted as "Hole Punch Cancelled" as made and with "Paper Adhered to Back," which refers to a strip of brown paper not affecting the face. A very boldly tinted and inspiringly engraved Massachusetts full color proof. Ex: Eric P. Newman Numismatic Education Society Realized $1527.50. Newman VII (Heritage Auctions, 10/2015), lot 18390. Description courtesy of Heritage Auctions.
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- Lee, MA - Lee Bank $1 April 1, 18__ MA-725 G6a. Proof. PCGS Extremely Fine 45 Apparent. This Lee Bank India paper proof is vividly printed with full deep red color tint and exquisite style by Danforth, Wright & Co. The color tinting scheme consists of various shades of light to deep red, with a lighter pattern across the note and deeper red, large "1" devices flanking the central vignette. Beneath the arced title is a portrait of a woman holding a dove; the circular frame is composed of micro-lettering. At lower left is a three-quarter portrait of Washington. At lower right is the standing Native American as used on the state seal. A rare proof, and it complements the $2 proof from the series we sold in Newman Part VI in April 2015 for $2,585 (PCGS Choice About New 55 Apparent). Noted as "Hole Punch Cancelled" as made and with "Paper Adhered to Back," which refers to a strip of brown paper not affecting the face. A very boldly tinted and inspiringly engraved Massachusetts full color proof. Ex: Eric P. Newman Numismatic Education Society Realized $1527.50. Newman VII (Heritage Auctions, 10/2015), lot 18390. Description courtesy of Heritage Auctions.