1865 SERIAL NUMBER 1 NATIONAL BANK NOTE SHEET

Paper Money Guaranty® (PMG®) recently certified a group of seven of the greatest uncut sheets of US banknotes in existence. The seven sheets highlight the Monarch Collection, a phenomenal collection of US paper money carefully curated by a collector decades ago, before the advent of paper money certification.

The centerpiece of the Monarch Collection is the "Holy Grail" of uncut National Bank Notes: a sheet of four Serial Number 1 notes from the First Charter of National Bank Notes issued starting in 1865. The famed Serial Number 1 sheet, the only First Charter Serial Number 1 sheet known, is graded PMG 55 About Uncirculated and pedigreed to the Grinnell Collection, which was the most prestigious assemblage of US paper money at the time of its sale in the 1940s.

The Monarch Collection also includes five uncut sheets with an extraordinary provenance traced to 1923, when they were set aside by special request for Register of the Treasury Harley V. Speelman, whose signature appears on the notes. This quintet features uncut sheets of two of the most iconic US notes: the $10 Bison and the $5 Chief.

The final sheet in the Monarch Collection is a unique 1896 Educational Series $1 sheet. Its design is considered to be one of the most beautiful in all of US paper money.

Banknotes are printed in sheets, which are then cut into individual notes for circulation. Uncut sheets of Large Size banknotes, which were issued from 1861 to 1928, were almost unobtainable at the time, making them extremely rare—and highly sought after—today. Together, the group of seven uncut sheets in the Monarch Collection represents some of the most important treasures from the Large Size era of US banknotes.

The incredible 1865 Serial Number 1 National Bank Note sheet was part of the original series of National Bank Notes authorized by the federal government amid currency pressures during and after the Civil War. Issued by the First National Bank of Jacksonville, Illinois – a city just west of the capital of Springfield – it features three $1 notes and one $2 note.

To read the complete article, see:
PMG Certifies the ‘Holy Grail’ of Uncut Currency (https://www.pmgnotes.com/news/article/8156/monarch-collection-uncut-sheets-vintage-banknotes/)

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