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The E-Sylum: Volume 24, Number 44, October 31, 2021, Article 16

SELECTIONS FROM HERITAGE TALLENT COLLECTION

Here are some lots that caught my eye in the upcoming Heritage sale of the The Michael S. Tallent Collection Part III. -Editor

Lot 95102: Staten Island Bank $1,000 Note
Staten Island Bank $1,000 Note

Port Richmond, NY- Staten Island Bank $1,000 18__ G16 Proof PMG About Uncirculated 55.

An excessively rare Proof on a rare bank in either Proof or issued form and we are not allowing the Proprietary Proofs of this design that were printed by the ABNCo in the 1980s to be a part of this discussion. PMG has graded only one example, and this is it. It is without any POCs and has a regal appearance with its oversized dimensions. Appropriately, a harbor scene is the vignette on this example that exhibits toning. It has a Durand & Compy. New York imprint and is an excellent example of their finest work. This may even be the plate note on page 1749 of the Haxby reference. Simply, a great note and destined for another great collection once all the bids have been executed.

To read the complete lot description, see:
Port Richmond, NY- Staten Island Bank $1,000 18__ G16 Proof PMG About Uncirculated 55.. ... (https://currency.ha.com/itm/obsoletes-by-state/new-york/port-richmond-ny-staten-island-bank-1-000-18-g16-proof-pmg-about-uncirculated-55/a/62207-95102.s)

Lot 95127: Treasury of North Carolina 40 Cent Note
Treasury of North Carolina 40 Cent Note

Raleigh, NC- State / Treasury of North Carolina 40¢ Jan. 14, 1816 Cr. 06 PMG Choice Very Fine 35 EPQ.

An excessively rare early note, this 40¢ example was part of an emission of $82,000, with half of the issue going to the Bank of Cape Fear and half to the Bank of Newbern. The sole purpose of the issue was to purchase bank stock for the state's account. John Haywood, signer of this note, served as Treasurer for forty years, from 1787 until his death in 1827. Haywood practiced a rather primitive form of accounting, and experts are divided over whether the nearly $69,000 in missing funds was merely bad bookkeeping or embezzlement. In any case, Haywood's estate was essentially wiped out making reimbursements to the state. This note is vastly superior to the plate note in Shull's southern states catalog and to the Eric P. Newman Collection note. It is probably the best condition example, by far, of the estimated 2-4 surviving notes.

An odd denomination War of 1812 era note. -Editor

To read the complete lot description, see:
Raleigh, NC- State / Treasury of North Carolina 40¢ Jan. 14, 1816 Cr. 06 PMG Choice Very Fine 35 EPQ.. .... (https://currency.ha.com/itm/obsoletes-by-state/north-carolina/raleigh-nc-state-treasury-of-north-carolina-40-jan-14-1816-cr-06-pmg-choice-very-fine-35-epq/a/62207-95127.s)

Lot 95155: A. Hirsch, 50 Cents Sutler Note
A. Hirsch, 50 Cents Sutler Note

A. Hirsch, Sutler to 47th Regiment O(hio) V(olunteer) I(nfantry) 50¢ Oct. 9, 1862 Keller OH-SF050 Remainder PMG Choice Uncirculated 63.

The 47th Regiment was gathered near Cincinnati on August 13, 1861 and participated in an exhaustive list of battles. It was mustered out on August 11, 1865 at Little Rock, AR. This remainder note, while datelined Cincinnati, was more likely used in the field. This note features a vignette of Liberty standing at left by a federal shield and another of Crawford's Freedom at right, with a third showing drum and military uniform parts below. PMG comments minor ink.

A nice Sutler note remainder. -Editor

To read the complete lot description, see:
A. Hirsch, Sutler to 47th Regiment O(hio) V(olunteer) I(nfantry) 50¢ Oct. 9, 1862 Keller OH-SF050 Remainder PMG Ch... (https://currency.ha.com/itm/obsoletes-by-state/ohio/a-hirsch-sutler-to-47th-regiment-o-hio-v-olunteer-i-nfantry-50-oct-9-1862-keller-oh-sf050-remainder-pmg-choice-uncircula/a/62207-95155.s)

Lot 95526: 1861 Commonwealth of Virginia $50
1861 Commonwealth of Virginia $50

Richmond, VA- Commonwealth of Virginia $50 Aug. 13, 1861 Cr. 2 PMG Choice Uncirculated 64.

Authorized by the Act of April 30, 1861, this note was part of a series that was perhaps the most attractive ever produced by Hoyer & Ludwig. Reflecting the belief that the war might be a short one, the note was payable 12 months after date and paid 6% interest. Of the 12,300 $50 notes originally issued, only 268 were outstanding in late 1863. Most of these were eventually lost to the elements and belief that they were worthless after the war. Shull suggests that somewhere between 16 and 50 may still exist. With only faint evidence of previous mounting noted by PMG, this is undoubtedly one of the nicest condition notes available; we have not offered a finer example in any of our public auctions.

A great selection of Virginia notes in this sale. -Editor

To read the complete lot description, see:
Richmond, VA- Commonwealth of Virginia $50 Aug. 13, 1861 Cr. 2 PMG Choice Uncirculated 64.. ... (https://currency.ha.com/itm/obsoletes-by-state/virginia/richmond-va-commonwealth-of-virginia-50-aug-13-1861-cr-2-pmg-choice-uncirculated-64/a/62207-95526.s)

Lot 95527: 1861 Commonwealth of Virginia $100
1861 Commonwealth of Virginia $100

Richmond, VA- Commonwealth of Virginia $100 Aug. 13, 1861 Cr. 1 PMG Choice Uncirculated 64.

An absolutely stunning premium condition example, this is an exceedingly rare early Virginia issue. Printed by Confederate printer Hoyer & Ludwig, this note features vibrant red underprints and snow white paper. In your cataloger's opinion, notes from this series are perhaps the best notes produced by the Richmond firm. Only 6,150 of this note which paid 6% interest were issued, and by late 1863 only 83 notes were outstanding. Since then, certainly most of these have been lost to the ravages of time with Shull estimating a surviving population of only 5-15 notes known. This note will raise any collection to which it is added to the next level (or two). We have offered only one other example, the Newman note, which graded About New 53 PPQ and crossed the auction block for just over $7,600 in 2015. The example in this lot is ex-Ford and was bought by our consignor in 2005.

To read the complete lot description, see:
Richmond, VA- Commonwealth of Virginia $100 Aug. 13, 1861 Cr. 1 PMG Choice Uncirculated 64.. ... (https://currency.ha.com/itm/obsoletes-by-state/virginia/richmond-va-commonwealth-of-virginia-100-aug-13-1861-cr-1-pmg-choice-uncirculated-64/a/62207-95527.s)

Lot 95550: Salem, VA County of Roanoke 90 Cents
Salem, VA County of Roanoke 90 Cents

Salem, VA- County of Roanoke 90¢ Dec. 1, 1862 J-L CR07-65 PMG Choice About Unc 58 EPQ. An odd denomination note from this county issuer, this piece is one of the few that we have offered that has earned the EPQ grade modifier.

Nice odd denomination Civil War scrip note. -Editor

To read the complete lot description, see:
Salem, VA- County of Roanoke 90¢ Dec. 1, 1862 J-L CR07-65 PMG Choice About Unc 58 EPQ.. ... (https://currency.ha.com/itm/obsoletes-by-state/virginia/salem-va-county-of-roanoke-90-dec-1-1862-j-l-cr07-65-pmg-choice-about-unc-58-epq/a/62207-95550.s)



Wayne Homren, Editor

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