Stack's Bowers will be selling the Caine Collection of obsolete banknotes on May 28. More selected items are discussed below.
-Garrett
Montgomery, Alabama. Bank of the State of Alabama. 18xx $50. PMG Uncirculated 62. Proof. (AL-5-G216P). Plate A. Imprint of Rawdon, Wright, Hatch & Co. New York. Female allegorical figures at center inside wreathed ovoid portrait. Bank title partially flanks the aforementioned arrangement while ornate counters emblazoned "50" may be found at opposite ends. Subsidiary vignette of a Native warrior at left opposite an end panel emblazoned "FIFTY" at right. A total of (4) rounded POCs may be found above the signature panels.
Estimate: $300 - $400.
To read the complete item description, see:
Montgomery, Alabama. Bank of the State of Alabama. 18xx $50. PMG Uncirculated 62. Proof.
(https://auctions.stacksbowers.com/lots/view/3-1SWMXV/montgomery-alabama-bank-of-the-state-of-alabama-18xx-50-pmg-uncirculated-62-proof)
New Haven, Illinois. Bank of Illinois. 18xx $3. PMG Choice Uncirculated 64. Proof. (IL-585-G4aP). Plate A. Imprint of Rawdon, Wright, Hatch & Edson. New York. Female allegorical figure representative of Liberty at center with eagle and "3" denomination counter between them. Bank title and guarantee text encircles the aforementioned composition while a state die may be seen left opposite a portrait of a Gypsy woman at right. A pair of rounded "3" denomination counters may be seen along the top margin while a total of (4) rounded POCs are concurrent with the signature panels.
Estimate: $2,000 - $4,000.
To read the complete item description, see:
New Haven, Illinois. Bank of Illinois. 18xx $3. PMG Choice Uncirculated 64. Proof.
(https://auctions.stacksbowers.com/lots/view/3-1SWNV8/new-haven-illinois-bank-of-illinois-18xx-3-pmg-choice-uncirculated-64-proof)
Vienna, Illinois. Narragansett Bank. 18xx $10. PMG Gem Uncirculated 65 EPQ. Proof. (IL-850-G8aP). Plate A. Imprint of Danforth, Wright & Co. New York & Philadelphia. Portrait of Liberty at center enclosed by bank title and guarantee text along with a pair of "TEN" protectors underprinted in intricate text. State die at left surmounted by a large rounded denomination counter anchored by "X" which is flanked by "TEN" repeated exactly 12 times. Subsidiary vignette of a Native mother and child at right surmounted again by another intricate counter seen at right along the top margin. A total of (8) rounded POCs may be seen above the signature panels. Truly a rare opportunity for the specialist as any Proof on this arguably misplaced bank hasn't been offered by this firm since 2011.
Estimate: $3,000 - $5,000.
To read the complete item description, see:
Vienna, Illinois. Narragansett Bank. 18xx $10. PMG Gem Uncirculated 65 EPQ. Proof.
(https://auctions.stacksbowers.com/lots/view/3-1SWO26/vienna-illinois-narragansett-bank-18xx-10-pmg-gem-uncirculated-65-epq-proof)
New Castle, Maine. New Castle Bank. 18xx $5. PCGS Currency Gem New 65 PPQ. Proof. Plate A. Imprint of Danforth, Wright & Co. New York & Philadelphia. Quintet of female allegorical figures at left opposite bank title and guarantee text at center with the title seen along the top margin. Rounded denomination counter at center along the bottom margin emblazoned "V," "FIVE," and "5" which can be seen here in a layered arrangement. A five-pointed white star formed with intricate lathe grillwork may be seen at right and encloses the signature panels of the bank's Cashier and President. A total of (5) rounded POCs may be observed in the signature panels. This institution ultimately became the New Castle National Bank (Charter# 953) in 1865. PCGS Currency comments "Hole Punch Cancelled; Mounted on Cardstock."
Estimate: $1,500 - $2,500.
To read the complete item description, see:
New Castle, Maine. New Castle Bank. 18xx $5. PCGS Currency Gem New 65 PPQ. Proof.
(https://auctions.stacksbowers.com/lots/view/3-1SWOFE/new-castle-maine-new-castle-bank-18xx-5-pcgs-currency-gem-new-65-ppq-proof)
Taunton, Massachusetts. Taunton Bank. 18xx $1. PCGS Currency Choice New 63. Proof. Plate A. Imprint of the National Bank Note Company. Train depot vignette at center that is better known for its use on the T-3 $100 issued under the authority of the Confederate States of America. Subsidiary portraits of two distinct women at left and right seen above and below intricate cycloidal "1" denomination counters. Greenish-blue geometric lathework seen underprinted beneath bank title and guarantee text. The fringes of the engraved design comes accomplished here via dozens of "1" roundels interrupted by the state imprint (top) and the patent and manufacturer's imprint seen along the bottom margin. A total of (6) rounded POCs may be seen above the signature panels. This institution ultimately became the Taunton National Bank (Charter# 957) in 1865. PCGS Currency comments "Hole Punch Cancelled; Mounted on Cardstock."
Estimate: $2,000 - $3,000.
Haxby & Whitman Plate Note.
To read the complete item description, see:
Taunton, Massachusetts. Taunton Bank. 18xx $1. PCGS Currency Choice New 63. Proof.
(https://auctions.stacksbowers.com/lots/view/3-1SWOIK/taunton-massachusetts-taunton-bank-18xx-1-pcgs-currency-choice-new-63-proof)
Austin, Minnesota. Bank of Austin. 18xx $5. PCGS Currency Gem New 66 PPQ. Proof. Plate A. Imprint of the American Bank Note Company. Female allegorical figure at center representative of agriculture with canal and railroad trestle in the background. Bank title and guarantee text below with underprinted "FIVE" protector seen directly below the title arrangement. Ornate geometric end panels at left and right that together represent no less than six distinct denomination counters. A total of (7) rounded POCs are consistent with the signature panels on this note which offers both an exceptional pedigree and a rare opportunity for the specialist. PCGS Currency comments "Hole Punch Cancelled."
Estimate: $4,000 - $6,000.
To read the complete item description, see:
Austin, Minnesota. Bank of Austin. 18xx $5. PCGS Currency Gem New 66 PPQ. Proof.
(https://auctions.stacksbowers.com/lots/view/3-1SWOJC/austin-minnesota-bank-of-austin-18xx-5-pcgs-currency-gem-new-66-ppq-proof)
Vicksburg, Mississippi. Bank of Vicksburg. 18xx $500. PMG Choice Uncirculated 64 EPQ. Proof. (MS-210-UNL-500P). Plate A. Imprint of Underwood, Bald, Spencer & Hufty. Cherubs at center flanking monument emblazoned with a pictorial depiction of cotton along with a pair of cameo head die counters at left and right emblazoned "500." Bank title and guarantee text below with uncancelled signature panels. Subsidiary vignette of a female allegorical figure at left holding a shield counter emblazoned "500" opposite an end panel at right which merely states "FIVE HUNDRED."
Estimate: $3,000 - $5,000.
To read the complete item description, see:
Vicksburg, Mississippi. Bank of Vicksburg. 18xx $500. PMG Choice Uncirculated 64 EPQ. Proof.
(https://auctions.stacksbowers.com/lots/view/3-1SWOTW/vicksburg-mississippi-bank-of-vicksburg-18xx-500-pmg-choice-uncirculated-64-epq-proof)
Omaha City, Territory of Nebraska. Brownville Bank & Land Company. 1857 $3. PMG Gem Uncirculated 65 EPQ. Proof. (NE-50-G2dP). Plate A. Imprint of Danforth, Wright & Co. New York & Philadelphia. Full-length pink-red tint throughout the design. Steamboat at center with riverine port city in the background. Bank title and guarantee text below with white-outlined "THREE" protector below laid atop the word "THREE" repeated dozens of times via microprinting extending to the fringe of the engraved design. Subsidiary vignette of a lumberman at left below a rounded "3" denomination counter seen along the top margin opposite a collection of cherubs seen at right with a "3" denomination counter seen along the margin at right. A total of (6) rounded POCs may be observed above the signature panels.
Estimate: $4,000 - $6,000.
To read the complete item description, see:
Omaha City, Territory of Nebraska. Brownville Bank & Land Company. 1857 $3. PMG Gem Uncirculated 65 EPQ. Proof.
(https://auctions.stacksbowers.com/lots/view/3-1SWOZR/omaha-city-territory-of-nebraska-brownville-bank-land-company-1857-3-pmg-gem-uncirculated-65-epq-proof)
Camden, New Jersey. Farmers & Mechanics Bank. 18xx $500. PMG Choice Uncirculated 64. Proof. (NJ-60-G18aP). Plate A. Imprint of Baldwin, Bald & Cousland. New York & Bald, Cousland & Co. Philadelphia. Female figure representative of agriculture at center enclosed by bank title and guarantee text with a red underprinted "500" protector evident below encompassing a significant portion of the signature panels. Rounded "500" denomination counter at left anchoring a variety of ornate elements opposite a subsidiary vignette of a blacksmith at right seen directly below a counter identical to the one at left. A total of (4) rounded POCs may be observed above the signature panels. This institution ultimately became the First National Bank of Camden (Charter# 431) in 1864. PMG comments "Tear."
Estimate: $2,500 - $3,500.
To read the complete item description, see:
Camden, New Jersey. Farmers & Mechanics Bank. 18xx $500. PMG Choice Uncirculated 64. Proof.
(https://auctions.stacksbowers.com/lots/view/3-1SWP98/camden-new-jersey-farmers-mechanics-bank-18xx-500-pmg-choice-uncirculated-64-proof)
Morristown, New Jersey. Iron Bank. 1858 $1. PMG Gem Uncirculated 66 EPQ. Proof. (NJ-480-G20aP). Plate A. Imprint of Danforth, Wright & Co. New York & Philadelphia. Full-length orange-red lace tint throughout. Vignette of the New Jersey State House in Trenton at center prior to multiple renovations. Bank title and guarantee text below with underprinted "ONE" protector evident atop a bed of dozens microprinted "ONE" counters. State die oriented vertically at left opposite a subsidiary vignette of a train navigating a tunnel at right. Ornate denomination counters may also be seen at left and right along the top margin while a total of (4) rounded POCs may be seen above the signature panels and manufacturer's imprint. This institution ultimately became the National Iron Bank of Morristown (Charter# 1113) in 1865 which later became the target of well-made counterfeit Brown Back $5s during the early 1900s produced by the Mafia which is detailed further in The Numismatist.
Estimate: $2,000 - $3,000.
To read the complete item description, see:
Morristown, New Jersey. Iron Bank. 1858 $1. PMG Gem Uncirculated 66 EPQ. Proof.
(https://auctions.stacksbowers.com/lots/view/3-1SWPGV/morristown-new-jersey-iron-bank-1858-1-pmg-gem-uncirculated-66-epq-proof)
Wilmington, North Carolina. Bank of Wilmington. 18xx $7. PCGS Currency Superb Gem New 67 PPQ. Proof. Plate A. Imprint of Danforth, Wright & Co. Philadelphia & New York. Vignette of a female farmhand at center with large rounded "7" denomination counter seen at left. Below, bank title and guarantee text with underprinted red "SEVEN" denomination counter evident. Subsidiary vignette of workmen representative of various professions with industrial cityscape in the background. A total of (6) rounded POCs are concurrent with the signature panels and above the manufacturer's imprint. PCGS Currency comments "Hole Punch Cancelled; Mounted on Cardstock."
Estimate: $2,000 - $3,000.
To read the complete item description, see:
Wilmington, North Carolina. Bank of Wilmington. 18xx $7. PCGS Currency Superb Gem New 67 PPQ. Proof.
(https://auctions.stacksbowers.com/lots/view/3-1SWPSN/wilmington-north-carolina-bank-of-wilmington-18xx-7-pcgs-currency-superb-gem-new-67-ppq-proof)
Nashville, Tennessee. Bank of Tennessee. 1860 $500. PCGS Currency Very Fine 20. No. 13. Plate C. A sublime rarity from Middle Tennessee that is seldom offered in issued form. Issued months before the American Civil War began and before Tennessee even considered succession, this note comes fully signed and issued with a number of rounded cancellation punches. At center below the bank title, a portrait of George Washington is seen with a large red "D" protector below with a pair of subsidiary vignettes directly to its left and right including Boy & Birds Nest engraved by James Bannister at left. The balance of the design is rounded out by two multi-colored "500" denomination counters and "FIVE HUNDRED DOLLARS" spelled out boldly in red along the bottom margin with the imprint of the American Bank Note Company directly below. A penned date of September 1, 1860 can be observed placing this note among earlier emission for this denomination whose issue was clearly staggered owing to the lack of demand such a denomination would've found outside of a very select context. PCGS Currency comments "Hole Punch Cancelled."
Estimate: $3,000 - $5,000.
To read the complete item description, see:
Nashville, Tennessee. Bank of Tennessee. 1860 $500. PCGS Currency Very Fine 20.
(https://auctions.stacksbowers.com/lots/view/3-1SWPX7/nashville-tennessee-bank-of-tennessee-1860-500-pcgs-currency-very-fine-20)
To read the earlier E-Sylum article, see:
THE CAINE COLLECTION OF OBSOLETE BANKNOTES
(https://www.coinbooks.org/v29/esylum_v29n20a19.html)
Wayne Homren, Editor
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