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1863 $5 RICHMOND IN NATIONAL BANK NOTE SOLDFor some time I've noted articles in local British newspapers about the sale of early banknotes from the area. Sellers like Spink have been good at getting the information to
reporters and editors. Here's an example of one of the large U.S. auction houses utilizing the same form of publicity. The Richmond, IN Palladium-Item published two articles recently,
before and after to sale of a local National Bank Note. -Editor
 A Civil War-era piece of currency with ties to Wayne County sold at auction Thursday for a larger-than-expected amount. The banknote, an 1863 $5 bill with the serial number 1, was bought during a live auction in Baltimore for $26,400. The identity of the new owner has not yet been made public. The bill was printed on the East Coast, but was sent to the First National Bank of Richmond — one of the first chartered banks in the United States — where it was stamped Nov. 2, 1863. The note was signed by bank president James E. Reeves, as well as the cashier, Thomas G. Yarrington, but was never released to the public. Instead, it was likely kept as a souvenir by one of the men, said Manning Garrett, director of currency auctions for Stacks Bowers, the auction house which sold the piece.  The 154-year-old piece of currency was discovered at an estate in Virginia, and was placed in the auction by a seller who did not want to be identified. Garrett said prior to the auction the bill was expected to fetch anywhere from $15,000 to $25,000 at auction, but had the potential to sell for more. The bill is believed to be the oldest piece of currency in Indiana's history that is still in existence. Another bill, from Fort Wayne, could be older, but it is believed to have been destroyed through wear and tear. It is unknown whether anyone from Indiana took part in either the online bidding or the live election. I doubt that line about this being the oldest existing piece of Indiana currency; reporters often get the numismatic details mangled. But it's good for the hobby to see
stories like these in local publications, where they can expose potential collectors to hometown money. Congratulations to Manning Garrett and the Stacks Bowers marketing team. -Editor
To read the complete articles, see:  Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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