Inventory - Miscellaneous Obsoletes and Southern States - North Carolina:
 

Below are my current offerings in North Carolina. Visit the Terms page to order.


 

Images open in a new window. After viewing image, close image window to return.

Abbreviation Key


      All notes in stock unless otherwise indicated. Hundreds more notes from all Southern States to be added as time permits. If you don't see it; please feel free to ask. Odds are I have it. 99% of my inventory is NOT listed on the Web Site.    

Once a scan comes up; click the center square for a larger image.

NC          NORTH CAROLINA
   NC  $ 1

   State of North 

      Carolina  

   CR 29 IB

N.C Inst. Deaf &

     Dumb Print 

 

      Raleigh

  Inverted "ONE"

Serial # 2449. An incredible example of this extremely rare variety of the North Carolina $1 note. Maiden standing by column to left. Dog lying by safe in center. Reverse backs of North Carolina State Bonds. Dated Oct 5th, 1861. Red "ONE" overprint on back; which in this case is inverted. Only this note and the regular Cr. 29 were printed upon the backs of NC State bonds. Imprint: N.C. Inst. Deaf & Dumb Print. Simply an immaculate example of this most elusive issue. $1.00 notes; being small denomination pieces, circulated very heavily. To encounter a note wherein the Red One on the back is inverted in this kind of condition is a true miracle of survival. Not one fold, blemish or any problem whatsoever. A great north Carolina piece that no collector could go wrong with.

GEM

  CU

 $575  

Reverse

   NC  $100

   State of North 

      Carolina  

       CR 74-1

      Raleigh

 

 December 1, 1861

Serial # 60. Plow, cotton plant, barrel and other agricultural implements in center. Dated December 1, 1861. Commerce seated next to shield which bears cotton plant upon it to lower right. Printed upon the back of North Carolina State Bonds. Cut cancelled; as most all are. No paper loss at c/c; as tiny edges of paper are folded over at the location of the cancellation. What appears to be a margin ding located at the mid right, top reverse is actually part of the bond design printing. Unlike most high denomination notes; the early North Carolina $100 and $50 notes saw very heavy use. It is near impossible to locate an example above fine which does not have major problems such as margin chinks, stains, tears, holes and soiling. The lack of high grade examples is further evidenced by Hugh Shull's 2007 book on Southern States Currency. The only thing placed under "value" for an average UNC note is "RARE". Availability and prices have certainly changed since Hugh's book was published and I would love to buy notes at most of his prices. Such is the nature of any price guide. Here offered is a wonderful note which is far and away above average. One can work the floor of most any large coin/paper money show in the U.S. and not locate a NC $100 or $50 note. In my humble opinion, one of the most undervalued notes there is. Clean, bright and totally problem free. A beauty and highly desirable as such.

Choice

  F+/VF

   c/c

MKT

GRADE:

  VF+

  SOLD

 

Reverse

     NC  $ 50

   State of North 

      Carolina  

       CR 74C

      Raleigh                                               

 

                                                                                                                                                                                                    

 

 

   PCGS VERY      

      FINE 35                                                       

 

 

 

 

          

   January 18, 1862

Serial # 60. Red ink Date of January 18, 1862. Central vignette of Liberty standing beside Prosperity seated upon a cornucopia. "50" on die, upper right and left. "FIFTY" within panel across each end. Printed upon the back of State of North Carolina Bonds. Vivid red "FIFTY DOLLARS" & "V" overprint upon back as well. Simply as nice as this issue comes. Frequently found cut cancelled, this example is not. As stated elsewhere, the 1861/62 NC high denomination $100 and $50 issue are not found in grades remotely close to what you see here. In many instances; the higher the denomination, the higher the grade. This most certainly does not apply to the 1861/2 State of North Carolina $100 and $50 notes. The lack of high grade examples is further evidenced in Hugh Shull's excellent 2007 book on Southern States Currency. The only data placed under "value" on page 259 for an average UNC 1862 $50 is "RARE". This note carries the interest clause at the bottom of the note which reads "Bearing Interest At The Rate of Six Per Cent Per Annum". In short order, this clause was trimmed away (74C1) as the State could not afford to pay interest upon the note at 6% per year. Superb trim, clean, bright, and not one single pinhole. The very best I have seen in years. Notes of this caliber are very rarely available to collectors in this day and time. One has to stretch to acquire such a high quality note....I know I did, and did so without hesitation. A year from now it will not be a stretch; as quality, and thus rarity never, ever loose appeal or demand. I could speak volumes regarding this piece; however, will let the note speak for itself. I certainly do not know where an equal or better CR. 74C could be located....anywhere. A choice note and quite conservatively graded.

PCGS Very

Fine  35

 $1125

  SOLD

 

Reverse

    NC  $ 50

   State of North 

      Carolina  

       CR 74-C1

      Raleigh

 

 

 

 

January 30, 1862

Serial # 420. Brown ink date of January 30, 1862. Central vignette of Liberty standing beside Prosperity who is seated upon a cornucopia. "FIFTY" printed across each end. Printed upon the back of State of North Carolina Bonds. "FIFTY DOLLARS" red overprint added to back as well. This issue originally paid interest at the rate of 6%; as was evidenced by a clause which was located at the very bottom of the note. That clause read  "Bearing Interest At The Rate of Six Per Cent Per Annum". Unlike the NC $50 CR 74C; the interest clause at the bottom of this note has been intentionally trimmed away. While the State could fiscally afford the note being funded into 6% interest bearing bonds; it soon became apparent that it would be impossible to maintain the payment of 6% interest in specie on the note itself; thus the bottom clause was trimmed away. Rated rarity 9 in Hugh Shull's "Guide Book of Southern States Currency (15-50 estimated survivors in all grades). The same scenario may be seen on the $100 issue (CR-74-3) wherein printed provisions pertaining to the payment of six per cent interest contained in the body of the note itself are struck through. An exceptionally rare note, bearing no problems or issues. A small group of extremely tiny pinholes near the center are mentioned for accuracies sake. Extremely difficult to see and they are too tiny to actually be deemed pinholes. Color and inking far exceed the norm for the assigned grade indicating the note did not circulate a great deal. The 1862 NC $100 and $50 notes circulated heavily and are very rarely ever seen in grades above F/VF. Not cut cancelled. Most often found impaired or with major problems, the example here offered is problem free and totally consistent with the grade. I am a firm believer that the NC $100 and $50 notes are vastly underrated both in terms of value and availability. The day will soon be upon us when it will be near impossible to locate either of the two; in any grade. Were this note a grade or so higher, it's cost to me would be $2,000 or more. A wonderful opportunity to acquire an early North Carolina State rarity bearing superb eye appeal.

Choice

Fine/Very

Fine

 $825  

Reverse

   NC  $ 20

   State of North 

      Carolina  

       CR 75

      Raleigh

 February 15, 1862

Serial # 2723. Red ink date of Febry 15, 1862. Printed by James Manouvrier, New Orleans who was also the printer of the Confederate T-12. Superb trim. The scans highlight light foxing; which is not observable when viewing the note with the human eye. The note appears as snow white. No folds or other problems. A true gem. CH CU  $325  

Reverse

   NC  $ 20

   State of North 

      Carolina  

       CR 78

      Raleigh

 

    March 1, 1862

Serial # 3663. Dated March 1, 1862. Same vignette as the CR 75. Printed and engraved by J. Manouvrier of New Orleans upon very thin paper. Manouvrier printed the Confederate $5 T-12 and also printed a $10 CSA note which was stolen before issued. Thus, he was relegated to printing various State notes and other such items, as the Confederacy wanted nothing else to do with him. Choice trim with no pinholes or problems. A very nice NC State note and one which is much tougher to find in high grade than most think. A sleeper. Close examination reveals three very light bends or folds. Crisp and as fresh as the day it was printed.  XF/AU  $295  

Reverse

   NC  $ 20

State of North 

      Carolina

       CR 78

 

 

Serial # 862. No fundable clause. Plenty of body and crisp. Clean and problem free. The appearance of a higher grade. Part of top edge furled over. Very Fine+  $150  

Reverse

   NC  $ 20

   State of North 

      Carolina  

       CR 78A

      Raleigh

   March 1, 1862

Serial # 2302. Same note as the CR 78; save for the addition of the red, 6% Fundable clause. A beautifully trimmed example which retains original embossing. Although not evident in the scan; believe me, it's there. Many think is is easy to acquire these NC state notes in the condition you see here. One would find that most so called "high grade" notes such as this have problems or don't make the grade. A gorgeous 78A. Light handling and one very light sheet crimp at the lower left reverse; which is, as made.   CU

 $450

  HOLD

 

Reverse

   NC  $ 20

   State of North 

      Carolina  

      CR 78A

       Raleigh

 

   March 1, 1862

Serial # 4483. Red 6% Fundable clause. Crackling crisp and fresh. Slight, unimportant mottling as is so often seen upon the thin paper issues. Nearly Almost Uncirculated; however, there is just a tick too much going on for the note to make a "collector grade" AU. A very pleasing Extremely Fine is the more accurate call. Tough this nice and a scarcer North Carolina $20 issue.

CHOICE

Extremely Fine

 $250  

Reverse

  NC  $ 50     State of North 

      Carolina  

      CR 118

  Raleigh Jan 1863

 

 

 

 

 

 

    Partial Cut

        Sheet

4 Notes-s/n 340

 

  J. Whatman

  Partial cut sheet of J. Whatman Cr 118. Serial # 340. Offered below is something very rarely encountered in this day and time; four notes from the same sheet, each bearing serial number 340. From an old time collection, as one would never see an uncut sheet of these today. There was a time many, many years ago when such rare sheets were cut apart in order to sell each individual note, as an entire sheet was next to impossible to sell. Not so today; by any stretch of the imagination. The 1863 NC $50 (CR-118) was printed 12 notes to a sheet. Each note upon the sheet was given the same serial number; with plate letters distinguishing each individual note. The plate layout was as follows: beginning at the upper top left of the sheet was plate letter "A". Moving down the sheet from the left and plate letter "A" was plate letter "B", "C", "D", "E", & "F". Moving over to the right top of the sheet existed plate letter "G". Moving down the uncut sheet from the right top were plate letters (below "G") "H", "I", "J", "K", and "L". Even though each note possessed the same serial number; every note on the sheet could be individually identified due to the different plate letters. The J. Whatman watermark might only be observed by horizontal lines, a coat of arms or a portion thereof...dependent upon the position of the watermark. One might be fortunate enough to actually see a few letters of the word J. Whatman, running vertically up or down the note. Little attention was paid to the location of the watermark during the printing of these notes. As will be observed; it cannot be determined if this partial sheet is watermarked J. Whatman 1861 or J. Whatman 1862. The only two notes which would have adjoined each other upon this sheet prior to trimming are the plate "K" note and the plate "L" note. Each note is gorgeous and will be offered individually or as a group. All are problem free and as clean and bright as one could ever hope for. A very rare glimpse as to how a J. Whatman watermarked sheet looked before printing.
    NC  $ 50 See above. CR-118 Serial # 340. Plate "F". This note would have been located at the lower left bottom of the uncut sheet. Each Cr 118 features a central portrait of Governor Zebulon Vance within oval surrounded by flags and battle implements. Justice standing with sword and scales to far left. Plain back. An immaculate example. The black frame line is just barely missing at the upper left; otherwise GEM. Superb eye appeal and quite tempting to grade this note CH CU. In my old school; humble opinion, if the full frame line is not present in ANY location, the note cannot be graded CU. I would imagine the grading services would grade this one 63 or 64. Crackling crisp and fresh; as are all four notes here offered. The characteristic J. Whatman horizontal lines are evident as seen in Pic 2.

UNC

Near Gem

 $275  

Reverse
Pic 2

    NC  $ 50 See Above CR-118 Serial # 340. Plate "G". This note would have been located at the far upper, top right of the uncut sheet. Again, a note which would attain the grading services level of New 63 or 64. In my opinion, the note grades "uncirculated" due to the mere fact that it is barely trimmed into the frame line at the far upper right. While not evident in the scan, a coat of arms, a portion of one and the horizontal lines which are the trademark of the J. Whatman notes are readily visible at the lower right back. Very tempting to grade this note higher.

UNC

Nearly Choice

 $275  

Reverse
Pic 2

   NC  $ 50  See Above CR-118 Serial # 340. Plate "K". Having been located as the next to last note on the bottom right of the uncut sheet; adjoining and above the plate letter "L" note. Another note which would likely grade 63 or 64 via the grading services...although who knows! The entire far right side of the note vividly illustrates the word Whatman...or at least part of it. The remaining portion is contained in the next note (Plate "L"). Very highly sought after with any of the "J.Whatman" portion of the watermark. An amazing note.

UNC

Nearly Choice

 $295  

Reverse
Pic 2

   NC  $ 50 See Above CR-118 Serial # 340. Plate "L". Located at the far bottom right of the uncut sheet; directly below the "K" plate note listed above. The letters "J. "W" are bold, vivid and strong, as may be observed in Pic 2. As this note was next to the "K" plate note, we can see that this is the beginning of the word J. Whatman which is continued upon the plate ""K" note. As the North Carolina notes were watermarked vertically; a rare opportunity indeed to observe the word J. Whatman. I certainly know of no other means to observe "J. Whatman" upon a NC issue. A beautiful note which is bright and crisp. Again, falling into the category of Uncirculated; as tempting as it is to grade the note higher. Totally problem free. This 4 note combination presents a very, very rare opportunity to observe just how this most highly sought after watermark was positioned upon an uncut sheet.

UNC

Nearly Choice

 $295

 

 

 

 

 

 

Reverse
Pic 2

    NC  $ 20     State of North 

      Carolina  

      CR 119

  Raleigh Jan 1863

 

 

    5 Consecutively    

   Numbered Notes   

 

   SNOW WHITE

Serial # 1406. Dated "1st Jan,y 1863". Plate "E". Central portrait of North Carolina Governor Zebulon Vance. Flags and battle implements to his right and left. Red "TWENTY" overprint. Plain back. The following four notes enable us to readily ascertain that fully signed, numbered uncut sheets of notes were trimmed more than one sheet at a time. All one need do is look at the trim upon the individual notes them selves. No folds, pinholes or other problems. Razor sharp corners and flawless. Were one holding this note, the slight closeness of the trim at the top right front would barely be noticeable. However, the preciseness of a good scan; with it's "dead" straight lines, makes the trim look worse than it really is. Trimmed just a fraction close at the top right; although enough to prevent the note from being assigned a "Gem" grade. A gorgeous note; as are the following. Here offered is an original group of a few, completely problem free, superb notes which have been together since the Civil War. All possess immaculate eye appeal.

Uncirculated,

Nearly Gem.

 $155  

Reverse

    NC  $ 20     State of North 

      Carolina  

      CR 119

  Raleigh Jan 1863

Serial # 1407. Same date as above. Plate "E". If you use Hugh Shull's excellent reference upon Southern States Currency; remember that his high price to the right for "high grade" notes is for average uncirculated notes; not fully framed, choice notes. Mr. Shull lists the CR-119 at $295.00 for notes you see in the grade offered here.

Uncirculated

Nearly GEM

 $150  

Reverse

    NC  $ 20     State of North 

      Carolina  

      CR 119                  

 Raleigh Jan 1863

Serial # 1408. Plate "E". This sheet was turned upside down in the stack during the trimming process, as it is the lower left corner that is slightly tight. Still, a gorgeous CR-319. Uncirculated  $145  

Reverse

    NC  $ 20     State of North 

      Carolina  

      CR 119                  

 Raleigh Jan 1863

Serial # 1409.  Plate "E". Cut a tiny fraction tight at the upper top right; which the scan exaggerates. As these were printed upon very thin paper, they are much more difficult to locate than one might think free of handling and some sort of fold or bend. A neat piece from a collection formed 40-50 years ago at a time when original groups such as this remained available.

Uncirculated

Nearly Choice

 $145  

Reverse

    NC  $ 20     State of North 

      Carolina  

      CR 119                  

 Raleigh Jan 1863

Serial # 1410. Plate "E". A beautiful example of the issue. Two light diagonal bends are present on the right side of the note and can barely be seen from the back. These are not distracting whatsoever; however, must be called out. None of the notes offered above bear any problems whatsoever. No pinholes, ink burn or bleed, spots or the like. It is quite refreshing to see an original group such as this one; even if it is small.

Choice  Almost

 Uncirculated

 $ 120  

Reverse

    NC  $ 20    State of North 

      Carolina  

      CR 119 

Serial # 1429. Plate "D". Extremely well inked with superb clarity and contrast. From the same collection as the CR-119's offered above. No folds, pinholes or problems at all. Trimmed tight at the upper right, top corner. Totally original.  Uncirculated  $125  

Reverse

    NC  $ 20     State of North 

      Carolina  

      CR 120A               

  

 

 

   Extremely Rare

 

 

 

 

 

 

 

 

 

 

J. WHATMAN 1862

                

 

 

 

 

 

 

 

 

 

 

 

 Raleigh Jan 1863

Serial # 857. Dated January 1, 1863. Plate "H". Simply an incredible example of this very rare 1863 North Carolina $20 note. The scan does not adequately illustrate the bold, vivid "J. Whatman 1862" watermark. The CR-120 is watermarked "J. Whatman 1861" and is the most common example of the of the issue. Shull, in his masterful work upon Southern States Currency of the era lists no value under high grade or low grade for the CR-120A. He simply states "Very Rare". A most interesting watermark and bearing attributes I have never seen upon any Whatman watermarked note, whether it be CSA, obsolete or a state note. From the front, the vertical watermark is located along the entire right portion, or about 1/4 of the note. It then runs vertically from the very bottom of the note to the very top. I can only reference the CR-320 (1861 Whatman) and this 320A here ; as there are few known CR-320A's to go by. This is the first I have ever offered. In most cases, only horizontal lines or part of a coat of arms are seen upon the 'Whatman" issue rather than actual letters and numbers of the "J. Whatman 1862" portion of the watermark. Not so here. The watermark runs vertically up the note. I will do my best to clumsily describe what is so plainly visible when holding the note; although not visible in the scan. If the note were held while looking at the front, with the left front ("TWENTY") to the top; at the bottom of the note, one could easily see one half of the "W", complete "HAT" and beneath that, 3/4 of the "1862". Only around 1/4 of the bottom portion of 1862 is not visible. This is truly amazing, considering the fact that only one J. Whatman watermark appeared in a given area upon a sheet. Further making these more difficult is the fact that the watermark ran vertically; not horizontally as it appears upon many different notes. Consequently; there was simply not enough space for much of "J. Whatman 1862" to appear and we are lucky to see any of the letters and numbers at all. One merely needs moderate light to observe the ever so vivid watermark upon this note and I am somewhat puzzled as to why it did not show up better in the scan. Believe me; it's the best I've ever seen upon one of these; which were "J. Whatman 1861"; not "1862". The watermark is actually embossed and it's impression into the paper plainly visible to this day. To confuse you even further, upon enlarging the scan via scrolling and observing the other side of the note (right back) with decent light and good magnification, anomalies I have never observed upon a "Whatman" watermarked note are present. First, the dark vertical line seen is not a random ink line or the like. It is embedded into the paper and part of a watermark. In addition, the letters "K-AT" are also embedded into the paper and part of a watermark. I absolutely, positively guarantee this. Perhaps the firm of J. Whatman had a control mark on each huge ream. I honestly do not know; although I know the characteristics of a watermark when I see one and these two anomalies are definitely watermarks. A very scarce note I could go on about for ages; as it is as intriguing as any I've ever seen. Crackling crisp, completely problem free and bright white. Again, another note from a collection formed in the late 1960's to late 1970's. I honestly do not know where or when one could ever find another of this caliber. J. Whatman 1861....yes. "J. Whatman 1862" of this quality....perhaps, given enough time. A note one be would forever glad they added to their collection.

Choice

Uncirculated

 

Nearly Gem

 $595  

Reverse

    NC  $ 3

  State of North 

      Carolina  

      CR 127A       

       

    PMG ABOUT

UNCIRCULATED 50

 

 

 

 

  Watermarked:

    T.C. C. & Co.

Serial # 1497. Plate position "F". Central vignette of Liberty standing next to a seated Prosperity. Printed date of January First, 1863. Plain back. Sheet mate to the note offered below. From the same old time collection as several of the notes offered above. Ironically, three or four of these have surfaced within the last 4-5 years bearing a serial number very close to the note here offered. Hugh Shull's work upon Southern States Currency does not list a numerical value for the T.C.C. & Co. watermarked $3 note and merely states "Rare". The exact same serial number as the note listed below. This tells us these two notes are from the same sheet and have remained together since the Civil War. All uncut sheets bore the same serial number; although different plate letter positions. A wonderful note, being totally problem free. The odds of duplicating two rare notes bearing the same serial number are in this day and time slim to none. A superb opportunity for the Southern States collector, obsolete collector or any collector of paper currency for that matter.

PMG ABOUT

UNCIRCULATED

       50           

 $325  

Reverse

   NC  $ 3

  State of North 

      Carolina  

      CR 127A             

    PMG CHOICE       

EXtremely FINE 45

 

  Watermarked:

    T.C. C. & Co.                   

                       

   Sheet mate to              above note.       

Serial # 1497. Plate position "B". Central vignette of Liberty standing next to a seated Prosperity. Printed date of January First, 1863. Plain back. Amazingly, from the exact same sheet as the CR-127A offered above. Slight foxing; although not enough to be called out by PMG and by no means distracting. Very distinct, bold watermark The note is much brighter than it appears in the scan, bearing superb eye appeal. The far, far upper left corner and the tiniest portion of far lower corner are simply "furled" in a fraction; not missing. I was most fortunate to acquire a collection built some 5-6 decades ago; as an offering of two very rare NC State notes bearing the same serial number and from the same sheet could not likely be duplicated today. For me, somewhat reminiscent of the "ancient" days of the late 1970's to early 1980's. Simply a splendid opportunity and not likely to arise again for many decades; if at all.

PMG CHOICE

EXTREMELY FINE 45

 $285  

Reverse

   NC 75 Cents

  State of North 

      Carolina  

      CR 134

  Raleigh Jan 1863

 

 

  Serial Number 3

Serial # 3. Engraved date of January 1, 1863. Central vignette of Commerce standing next to beehive, cornucopia, anchor, etc. "Receivable in Payment of all Public Dues" in round counter to lower right. Plain back. Literally thousands upon thousands of the 1863 seventy five cent denomination notes were issued by the State of NC.. The odds of locating one of these small denomination notes bearing a two digit serial number are akin to getting struck by lightning; much less a one digit serial number. While the note does possess a tick of foxing; it is indeed quite nice with no pinholes or problems. Superb trim and very clean. The lowest serial number I have ever seen upon one of these...by far. Extremely rare as such.

Choice

VF/XF

 $125  

Reverse

   NC

15 Cents

 

  

   City of Raleigh

        C 515

  April 10, 1862

Serial # 419. Printed date of April 10, 862 (should be 1862). Tan paper; plain back. Signed by the City Treasurer at that time. Around 15 years ago; a group of these appeared and all were in nice condition; as is this one. Most have since been dispersed with the wind. A classic reminder of the hoarding of silver, gold, nickel and copper coinage during the Civil War. This hoarding became so significant that the City of Raleigh deemed it necessary to print small, odd denomination pieces to be used in everyday commerce. There exist two different 15 cent notes. They are exactly the same; however the note here offered bears the error of the "1" having been omitted from the date at the lower left. The other version possesses the "1". A gorgeous little piece of history which serves as a reminder of the many problems encountered by ordinary people during the War between the States. Original embossing and superb.

CHOICE

   AU+

 $150  

Reverse

   NC  $ 20

Bank of Charlotte

   NC 5 C14

    P-400CN

   Charlotte

     1852

 

 CONTEMPORARY

  COUNTERFEIT

Serial # 1439. Dated July 19, 1852. Central vignette of Blacksmith at work. Various portraits at each corner. Plain back. While an example of this note is listed in Haxby as SENC (Surviving Example Not Confirmed) the note is also mentioned in J. Roy Pennell's work on North Carolina obsolete bank notes. Pennell states that an original has never been seen. It is one thing to be listed as SENC in Haxby; however, quite another to be so mentioned in Pennell. It is most unlikely that the note is a fantasy piece and the odds are that a genuine example exists somewhere. Whatever the case may be; an extraordinarily rare note. Very well trimmed and a most deceptive counterfeit. No Bank of Charlotte collection can be complete without an example of this extremely rare piece. PMG Net grades the note due to three minor "scuffs" on the back. The scuffs are trivial and do nothing to affect the overall superb eye appeal of this magnificent rarity. Notes such as this one and others here listed from the Bank of Charlotte never go out of style and are always eagerly sought after by collectors. They have always been rare and always will be. A true prize and a note that one just cannot go wrong with. Pure Americana.

CHOICE

 FINE

PMG

CHOICE

FINE 15

NET

 $1675  

Reverse

   NC  $ 3

Bank of Cape Fear

      P-40B

     Wilmington

   Washington   

     Branch   

 

       1859

 

  GOOD COLOR

Serial # 2928. Dated January 1, 1859. Issued 1859 only. Central vignette of three men, bridge and factory in background. Red "3" counters and red "THREE DOLLARS" overprint. Plain back. The American Bank Note Company imprint is located at the right front, just below and to the right of the "3" medallion. A lovely one year only issue from the branch bank at Washington. The County seat of Beaufort County and lying on the Northern bank of the Pamlico River, Washington is steeped with history dating to the Revolutionary War. The odd denomination note here offered retains amazing color for the grade. Smooth, even circulation. Notes such as this one are the "if I had only bought this note in 2016" type of obsolete and near impossible to locate this nice. One can walk the bourse floor of the largest numismatic show in the country and not locate an example as nice as this...if at all. A scarce note with superb eye appeal. Easily a "grading service" VF 25-30.

FINE+

MKT:

VF 25-30

 $450  

Reverse

    NC  $  3

Bank of Cape Fear

      P-40B

     Wilmington

 Asheville Branch

 

  December 1859

Serial # 955. Dated December 1, 1859. Issued one year only at the Asheville, Salem and Washington branch. Central vignette of three men, bridge and factory in background. Red "3" counters and red "THREE DOLLARS" overprint. Plain back. The American Bank Note Company imprint is located at the right front, just below and to the right of the "3" medallion. Believe it or not, better than most one will encounter at any major show or convention. Even wear and color, which in this case, matches the grade. No pinholes or tears. Just a solid, well circulated example from the far Western portion of North Carolina. Even notes of this grade are becoming quite elusive.

  FINE

 

MKT

GRADE:

 F-15

 $235  

Reverse

    NC  $  4

Bank of Cape Fear

      P-70B

 

 

     Wilmington

 

 

 Asheville Branch

 

       1859

 

 

 Outstanding Color

Serial # 2885. Dated December 1, 1859. Central vignette of female seated adjacent to grain with train in background. Sailing ships to lower left. "4" inside black counters which are surrounded with red borders; left and right. Large "FOUR" red overprint. ABC monogram to far, mid right. American Bank Note Company imprint below Cashier's signature to lower left. Plain back. Simply a breathtaking example of this odd denomination issue. While Pennell, in his classic work upon North Carolina obsolete bank notes suggests that this particular issue was issued in 1861 at Wilmington only; this note serves to prove otherwise. This is quite understandable, as a good deal of time has passed since this superb work was published. For those of you familiar with the State of North Carolina; Asheville is about as far away from Wilmington (the Parent Bank) as you can get. Nestled in the mountains of Western North Carolina, Asheville is a great distance from the Atlantic ocean and seemingly much more so in 1859. Irregardless; here offered is a gorgeous example of an odd denomination note from one of the most successful banks of it's day. Incredibly clean, bright and fresh with absolutely no problems whatsoever. Were they available, one could look through 1,000 $4 Bank of Cape Fear notes and fail to locate an example of this quality. I cannot overemphasize just how difficult is has become to locate well trimmed, problem free obsolete bank notes such as this immaculate piece. Most always encountered with some sort of problem. Not so here. Superb color with resulting eye appeal and not one single pinhole. A note  which would be sure to please the most discriminating collector. 10 years ago; locating such a note would be difficult, although quite doable. Not so in this day and time. Opportunity is the key here.

CHOICE

 FINE+

 

 

MKT

GRADE:

 VF-30

 $475  

Reverse

     NC  $   5

Bank of Cape Fear

      P-130

   Salem Jan, 1852

 

 

 

 

Red Moravian Cross

 

 

 

 

 

 

PCGS Very Fine 20

Serial # 3323. Dated January 1, 1852. Bank title at center. Large gray "V" and "FIVE" on ornate gray bar. "5" on die, upper left and right. Two females seated lower right and portrait of male to left. Plain back. Issued from 1852 through 1854 only. Beginning in 1859, we see the same note, although with red overprints bearing the American Bank Note Company monogram or imprint. This occurred due to the fact that the American Bank Note Company acquired Danforth, Bald & Co.; the engraver and printer of the note here offered. In reality, the example offered here is encountered far less than the American Bank Note Co. examples which bear a red overprint (P-130A, 130B & 130C). A splendid example and amazingly clean, bright and fresh for the grade. I have never seen a P-130 that grades above Fine to Very Fine, and I have serious reservations that any exist. To the right of the portrait at the left, in red ink, is a hand drawn Moravian Cross. The Moravian Church acquired 98,995 acres in 1753 in North Carolina. "Old Salem" or Wachovia served as it's center city. The cross appears only upon those Bank of Cape Fear notes issued from the Salem branch of the bank. No one knows exactly why the church desired to place it's "sign" upon upon circulating currency; however, it is most intriguing. Such notes are not common and a set of those so marked would indeed constitute a remarkable collection. The first and only P-130 I have seen bearing the red Moravian Cross. Superb eye appeal and a wonderful addition to any collection.

PCGS

Very Fine 20

 $375  

Reverse

    NC  $  5

Bank of Cape Fear

      P-130C

     Wilmington

        1861

 

 

 

PCGS Very Fine 25

       PPQ

 

 

 

 

 Eric P. Newman

    Collection

Serial # 1879. Dated January 1, 1861. Issued in1861 at Wilmington only. Bank title in center. Male portrait to lower left. Factory worker to lower right. Red counters. Plain back. American Bank Note Company imprint at bottom center. For reasons unknown at this time; this particular note was issued only in 1861, solely at the parent bank in Wilmington. The example offered here is about as nice as one could hope for. We know that it was nice enough to fit into the monumental Eric P. Newman collection. At the time Newman was assembling obsolete bank notes; one could acquire the very best. Little competition was present in the 1940's and 50's. Irregardless, a breathtaking note bearing unparalleled provenance. I have included in "Pic 2" a scan of the note which will hopefully provide more detail. No settings were (or are they ever) changed upon my old flat bed scanner; however, there are occasions when I scan an entire slab and the result is somewhat dinghy or dark. When the note itself is scanned at the same resolution; it appears just as the real note itself appears when viewing in person; although much more detail is evident than the naked eye can detect. As I have stated previously of late; I can see the grading services becoming more strict at the fine to very fine level....which is good. A note which has earned the PPQ or Premium Paper Quality moniker by PCGS; most unusual for a one year only issue from this bank. Simply splendid.

PGGS VERY

 FINE 25 PPQ

 

Premium

Paper

Quality

 $595  

Reverse
Pic 2

   NC  $ 5

Bank of Cape Fear

       P-150

Wilmington/ Salem

      Branch-1859

 

 

Red Moravian

      Cross

Serial # 1915. Brown ink date of October 10, 1859. Founded in 1804; the Bank of Cape Fear was one of the most well respected, sound financial intuitions of it's day. It failed, as did most Southern banks still in existence at the time, following the Civil War. The parent bank was located at Wilmington, NC. This particular note is payable at the Salem, NC Branch. Just above the portrait of To the right of the portrait at the lower left is a hand drawn, red Moravian Cross. The Moravian Church acquired 98,995 acres in 1753 in North Carolina. "Old Salem" or Wachovia served as it's center city. These notes saw heavy circulation and this example is actually better than most encountered presently. Excellent color, contrast and clarity. Higher grade examples on the parent bank at Wilmington are much more likely to be located in higher grade. The presence of the Moravian Cross further exemplifies just how much history these wonderful obsoletes notes contain. The Cross is hand drawn. I do not know it's purpose, other than to perhaps indicate that this note was owned by a member of the Moravian Church or the Church itself. The note shows the usual signs of use and wear for this grade; although bears no major issues. An most intriguing piece of early Americana.

  FINE

 $350

 

 

Reverse

    NC  $  7

Bank of Cape Fear

    90 G 192a

      P-170

 

 

     Wilmington

  Asheville Branch

   PMG VF 25

September 1, 1853

   Extremely Rare

  Very High Grade

Serial # 1287. Dated September 7, 1853. Central vignette of Justice seated, shield alongside Indian with ships and tepees in background. Large, red "SEVEN" overprint beneath bank title. Branch bank of Asheville filled in via manuscript. Plain back. Excessively rare. According to Pennell; issued from 1852 to 1855 at the Nashville, Fayetteville, Salisbury branches and the parent bank at Wilmington. Fully issued odd denomination notes such as the note here offered are among the most desirable, sought after and most rare obsolete notes that exist. The reasoning behind the issuance of a $6, $7, $8 and $9 note escapes me; although for numismatics sake, I am grateful that someone thought they would be useful. The note here offered is very likely one of the best known surviving examples of the issue. When seen; this denomination, along with the other odd denominations are found in miserable condition. A few very good to fine notes have surfaced within the last few years; although nearly all have problems. Value wise, these notes progress upward between the grade of Very Good, Fine to Very Fine on a geometric basis. This example is simply incredible. Clean, bright, fresh and bearing superb trim. No soiling, or stains. Lacking margin chinks or tears; which are known to plague the issue. While some literature would leave one to believe such a note is not rare in this state of preservation; you may rest assured nothing could be further from the truth. One of the finest, most well preserved (of it's type) and rare obsolete bank notes I have ever had the privilege of offering. Simply amazing and a very rare opportunity to add one of the most immaculate $7 notes extant to your collection.

PMG VERY FINE 25

 $1975  

Reverse

    NC  $  8

Bank of Cape Fear

    90 G 303b

      P-180A

     Wilmington

Greensboro Branch

 

 

 PMG Very Fine 30   

 

October 25, 1858

 

 

 

 Very High Grade

 and Rare As Such

Serial # 291. Dated October 25, 1858. Central vignette of locomotive passing under bridge. "Eight" protector to left and "8" medallion protectors to right; both in white. Large white "8" in center. Entire front of note imprinted with orange lathe work or tint. Plain back. Issued only one year (1858) at Ashville, Salem and Greensboro. An incredible obsolete bank note if there ever was one. While a scant number of the Bank of Cape Fear $8 notes have been observed; none that I know of approach this grade level. Grade is the key here. Simply flawless; which is incredibly significant when discussing this particular issue. A mere three branches of the bank saw the need for an $8 issue; whereas any of them could have requested one. Superb eye appeal and trim. No problems of any kind; which fact is surreal. When found, the issue is most fortunate to grade good to very good at best. Most have been repaired or have major problems. The fact that an $8 Bank of Cape Fear obsolete bank note is available in this day and time which remains in this lofty state of preservation is nothing short of miraculous. A note which one would always be proud to own and the centerpiece of any North Carolina or obsolete bank note collection. Truly an incredible one year only issued note.

PMG VERY

 FINE 30          

 $2100  

Reverse

   NC  $  9

Bank of Cape Fear

    90 G 462b

      P-190A

 

 

     Wilmington

   PCGS VF 20

 

  Salisbury Branch

 

 

  Extremely Rare

       1858

Serial # 175. Dated July 1, 1858. Central vignette of side wheel steamer. "NINE" to far left on die. "9" and "IX" to right; upper left and lower right. Deep, vivid, orange lathe work overprint, with numerical 9 in white at center. Plain back. A magnificent example of this extremely rare, odd denomination note from the Bank of Cape Fear. While Pennell states that this note was only issued in 1858 from the Greensboro and Salem branch of the bank; we see that this gorgeous example was issued at the Salisbury branch. Pennell's work does have some age to it however; although I still use it and find it to be most accurate. Irregardless; this is the only $9 note I have ever seen or heard of which emanated from the Salisbury branch. It matters little; as very few nine dollar notes were issued period....Branch bank or Parent bank. Very attractive with superb eye appeal. Totally problem free, very well trimmed and downright rare. Signed by Henry Savage for Cashier to the left. Those who collect Confederate currency will  be familiar with Savages's name, as he became the principal CSA depositary agent at Wilmington, NC.. His stamped name appears on many interest bearing $100 issues, namely the CSA T-39, T-40 and T-41. Here offered is the type of obsolete bank note that one can never go wrong with and which will readily stand the test of time. Many, many multiples more rare than any CSA note (Montgomery, Indian Princess or the like) and when seen; usually tattered, torn, stained and extremely rough. I have no clue where one might locate another $9 note from this bank; in any grade. The type of note that shows up once every ten years or so; at best. A great rarity with impeccable provenance, extremely desirable and from a very heavily collected State. One of the best obsolete notes one could ever hope to acquire. A beauty.

PCGS VF 20

 

My

Grade:

Choice

Fine

  SOLD  

Reverse

   NC  $10

Bank of Cape Fear

    90 G-466

      P-230

     Wilmington

Salisbury Branch

       1853

Serial # 4855. Dated April 4, 1853. Issued from 1852-1855. A problem free example of this tougher Bank of Cape Fear $10 denomination with honest, even wear. The usual light edge bump or two which is to be expected at this grade level. Believe it or not; locating a note from the Salisbury branch as clean and undamaged as this one is much, much tougher than one might expect. The days of locating nice, clean obsoletes seem to be disappearing. I can look through hundreds of obsolete notes at a major numismatic event and locate what at first glance appears to be a nice note, only to discover a major problem somewhere. Over half of what I see are remainders of extremely common banks. Of the remaining notes viewed; perhaps one out of 100 will remain presentable enough to add to offer here. Understandably; those who do not have the pulse of this market may not be aware of just how difficult nice obsoletes are to locate. Never before have I seen it like this. Irregardless, a nice note and a tougher one at that. A close up of the middle vignette is shown (pic 2) for purposes of comparing this authentic Salisbury $10 to the extremely rare contemporary counterfeit listed below.  FINE  $300  

Reverse
Pic 2

   NC  $ 10

Bank of Cape Fear

        P-230

     Wilmington

   Salem Branch

       1852

Serial # 2910. Dated January 1, 1852. Central vignette of two females, left holding fasces and right holding liberty cap on pole. Plain back. A quite presentable example of this $10 issue from the branch bank at Salem. Very well inked with vivid, legible branch location, serial numbers and signatures. While the above may seem to be a "given"; it is not nearly as easy to locate these notes as one may think. The notes emanating from the Bank of Cape Fear were heavily used in commerce throughout the State of North Carolina; as it was a highly trusted bank. Consequently, locating any branch bank note which grades above fine is seldom an option. Usually encountered torn, stained, holed or with a host of other problems. Some light scuffing at the top back; otherwise, even wear throughout with not one single pinhole.

CHOICE

   FINE

 $325  

Reverse

   NC  $ 10

Bank of Cape Fear

        P-240

     Wilmington

 

       1852

Serial # 3659. Dated November 31, 1852. Title of Bank in center. Boy, girl and dog to upper right. Woman seated to lower left. Plain back. Issued from 1852-1857 at Wilmington only. Some edge roughness is noted at the top, otherwise a very bright, attractive note. Exceptionally clean, possessing vivid detail and contrast. Not at all easy to locate; as this note was issued at the parent bank in Wilmington only. The first presentable P-240 I have seen in a long while; as most are plagued with terrible stains, tears, holes and a host of other problems. A very tough Bank of Cape Fear issue.  FINE

Mkt:

VF

 $350  

Reverse

   NC  $ 5

Bank of Clarendon

       P-450A

     Fayetteville

  August, 1861

 

 

Incredible Color

Serial # 1584. Dated August 1, 1861. An elusive note and one which many claim to be the finest work of the American Bank Note Company. Further, there are many who feel that this issue is the most beautiful of all obsolete bank notes. While there are a good number of gorgeous obsoletes, such an argument would be difficult to dispute. No ink bleed or burn. One pinhole and simply stunning color. Fully issued, this is no remainder. On the rare occasion one of these can be found; a Choice CU P-450A is now near the $1,000 mark. While this note is not Choice CU and bears a tick of toning; it can be acquired for much less money than a note which grades a tick higher. Graded Choice AU when I acquired the piece; I believe it to be closer to extremely fine. One can only imagine the extra cost to produce such a note 150 years ago. One will find nothing remotely close to the engraving skill required to produce this piece when compared to the bland paper money we use today. An opportunity to acquire a true work of art and immaculate piece of pure Americana. Truly amazing.

CHOICE

     XF

 $395

 

 

Reverse

   NC  $ 8

Bank of Clarendon

       P-480

 

     Fayetteville

 

 

 

  August, 1855

 

 

 

 

  Very Rare Odd

    Denomination

 

Serial # 2438. Dated August 1, 1855. Issued 1855 only. Central vignette of woodsmen felling tree. Numeral "8" on geometric die to left/right top. Smaller numeral "8" within elaborate protector, left and right bottom. Red "EIGHT" overprint. Plain back. An exceptionally high quality, very odd denomination note which is excessively rare. The appearance of any Southern odd denomination note such as this one has always created a "stir" among collectors of obsolete bank notes commencing when the collecting of these wonderful notes began, well over 100 years ago. The $6, $7, $8 and $9 denomination notes were of little practical use in commerce during the day; consequently, very few were produced....much less survive today. Seldom seen at all; although when encountered, usually found with corners missing, torn, soiled and plagued with serious problems. Incredibly, the note is clean, bright and completely problem free. Superb trim and correctly issued with bold, vivid, legible signatures, date and serial number. The red "EIGHT" overprint is very strong and remains extremely bold. A couple of minor age spots, consistent with the age and grade of this wonderful piece which in no way detract from the note's appeal and desirability. Totally original and not tampered with. Amazingly, not one single pinhole. A true prize and a great North Carolina rarity. Were this piece a Federal (U.S.) issue, it's value would be astronomical. A true sleeper if there ever was one; especially given the fact that this note is a one year only issue (1855). It is indeed amazing that such a great rarity remains this well preserved and available to collectors in this day and time. Much more rare than any Confederate Treasury note, including the fabled Indian Princess or the Montgomery issues. A scarce opportunity to acquire superb quality and unquestionable rarity at one time. Opportunities such as this arise very, very infrequently.

CHOICE

FINE

 

MKT

GRADE:

 VF-25

 SOLD  

Reverse

    NC  $ 10

        Bank of

    Commerce

 

       P-530

    

 

   Newbern 1861

 

 

 

 

 

 

   AMERICAN

  BANK NOTE

   COMPANY

Serial # 19519. Dated January 1, 1861. Central vignette of Woman seated upon a throne with eagle to her lower left. "10"

on green and black die to upper right and left. Farmer harvesting corn to lower right. Amazing engraving of a young female within oval to lower left. White "TEN". "Micro TEN's" surround white "TEN". Green lathe work covers the remainder of the note. Plain back. It isn't difficult to determine that this note is the product of the American Bank Note company by a mere glance. The facial details of the young woman to the lower left are truly incredible. Printed upon extremely thin paper. Only $5 and $10 notes were issued from this bank during the years of 1859 -1861. Not all of the $10 issues of the Bank of Commerce were printed upon thin paper; however this example was. Thin paper is not conducive to absorbing ink, thus the very slightly light signatures and serial numbers. Given the thinness of this paper, it is incredible that the note survived at all. The varying degrees of light areas observed upon the back are not foxing or problems with the note. It is merely the composition of the thin paper itself. Superb trim, no pinholes, problems or any defects whatsoever. As crisp as a 2017 $1 bill that you could obtain at your local bank today. This note may have circulated, but no more than once or twice. Had the note been heavily used; due to the extraordinary thinness of the paper, we would readily observe many, many folds, pinholes, soiling and the like. The paper is so thin, a fold could possibly be caused by looking at it! Easily a commercial extremely fine and actually very close to it. However, it has just a tick too much going on light fold wise to grade extremely fine in my humble opinion. A very nice and quite affordable piece of North Carolina history.

Very Fine +

 

 

 

MKT

GRADE:

XF-40/45

 $185  

Reverse

    NC  $  4

Commercial Bank

         of

   Wilmington

 

     P-570

 

  January 1859

 

 

 

   Wilmington

 

 

 

   Choice & Rare

Serial # 266. Dated January 1, 1859. Central vignette of two females next to tree with cotton and tobacco plants. Ships in background. Male portrait within oval to lower right. Helmsman to lower left. "4" in red, left and right. Fancy, ornate "4", "Commercial Bank of Wilmington" red design on back. Simply an immaculate obsolete bank note if there ever was one. Incredible design and layout by Danforth, Wright & Co. of Philadelphia and New York. As crackling crisp as any new bank note one could obtain at their local bank today. Amazingly clean and bright; allowing each and every detail of the design, signatures, date and serial number to appear in vivid detail. Dead, solid, perfect trim. A scarce note in any grade, much less this well preserved. Much more rare than the green $4 note upon this bank; although both are scarce. If you seek the very best, look no further. The finest odd denomination $4 P-570 I have come close to encountering. Quality and rarity such as that offered here will never go out of style and collectors will continue to search for pieces of this caliber. Once more, the key is opportunity. Simply an amazing, very seldom seen obsolete bank note.

CHOICE

VERY FINE/EXTRA FINE

 

 

MKT

GRADE:

XF-40

 $675  

Reverse

   NC  $ 4

  Farmers Bank of

  North Carolina

     Greensboro

       P-740

        1859

   Superb Color

 Wagon Load of

      Cotton

Serial # 2962. Dated November 1, 1859. Issued 1859-61. Central vignette of greek mythological figure standing beside column. Female to lower right. Famous wagon load of cotton vignette to upper left. American Bank Note Company. Red overprints. Plain back. Simply a splendid example of this odd denomination, extremely desirable issue. Bold, bright, vivid color along with choice trim. As nice as I have seen in a very long while. This note would easily be assigned a grade of VF 25 or more by the grading services. Nonetheless, I think it more along the line of a choice fine. Whatever the grade, a superb obsolete the likes of which just are not to be found. High quality bank note paper and no problems. Splendid, with even wear and superb eye appeal.

CHOICE

  FINE+

MKT:

VF+

 $675  

Reverse

   NC  $ 6

   Farmers Bank of

  North Carolina

     Greensboro

    P-660CN

    

Haxby UNL

    July 1853

  Very Rare

Contemporary

Counterfeit

Serial # 919. Central vignette of large eagle in tree. An excessively rare contemporary counterfeit made payable at the Greensboro branch. Haxby lists a $6 counterfeit on the Parent bank at Elizabeth City, NC; but not one payable at Greensboro. From 1852 to 1858 the parent bank was located at Elizabeth City, NC.. In 1860, the parent bank moved to Greensboro and remained there until it failed in 1866. Interestingly, the PCGS holder does not note the fact that this piece is a counterfeit. A note that would have easily circulated in the 1850's and 1860's. While the signatures are printed; the branch bank at Greensboro is written in brown ink. An extremely rare North Carolina piece and every bit as rare; or more so, than the genuine article. One can readily ascertain that this note circulated and did so rather easily. PCGS VG  10  $650  

Reverse
Pic 2

   NC 25 Cents

Henderson County

      UNL

 

   W.L. Ripley

  UNIQUE

Payable CSA $$$$

 

     Feb 6, 1863

Serial # 200. An incredibly well preserved example of this unique 25 cent note from North Carolina. In a 2003 Heritage auction (centuries ago in this business) a heavily repaired 50 cent W. L. Ripley note sold for $1,380. That sale also included two $1.00 denominations from W. L. Ripley. These sold for $1,035 and $1,265 respectively. No 25 cent denomination has ever been offered by any auction firm. Thanks to the help of North Carolina specialist Bill Souder; I was provided the following. In the Winter 2006 issue of the of the North Carolina Numismatic Scrapbook, an article appeared entitled "A Tentative List of North Carolina Scrip", Paul Horner and Jerry Roughton. In this article, the 50 cent note is listed as "1 known" HC-50. The 25 cent note here listed is noted as "1 known" as well (HC-25). In all probability, this is the 1 known piece. No 25 cent W. L. Ripley pieces have surfaced anywhere; including the famous sale of great North Carolina rarities in the Sazama sale. Likely the most rare North Carolina piece I have ever had the pleasure of offering. Even 40 years ago, one never encountered a North Carolina piece payable in Confederate Treasury Notes. Two old mounts on the back which effect absolutely nothing with this great rarity. Solid, with no pinholes, stains or other problems. Boldly inked with incredible clarity and contrast. They don't come much more rare than this from the great state of North Carolina. North Carolina is one of the most heavily collected States I know of. I do not expect a museum quality; incredibly rare piece such as this to last long. Simply amazing.   VF  $3750  

Reverse

    NC  $ 10

  Bank of Lexington

 

 30 G 14a; P-860A

 

      Graham

 

  August 8, 1860

 

 

 

 

 

 

  CHOICE NOTE

 

 

 

 

 

   INCREDIBLE

      COLOR

Serial # 6321. Dated August 8, 1860. Central vignette of farmers harvesting grain with horse drawn reaper. Female holding grain to lower right and female with scythe to lower left. Blast orange counters and overprint. Plain back. Simply an incredible example of the issue and a vivid tribute to the amazing works of art produced by the American Bank Note Company. Somewhat tougher than the five dollar denomination upon this bank. Simply breathtaking eye appeal and totally problem free. There were no known "mini-hoards" or the like of this issue discovered; thereby making a high grade note such as this one stand alone. The back vividly illustrates what we see over and over again relative to obsolete and Confederate bank notes and what; in my humble opinion, adds to the allure of collecting them. We are provided with the opportunity to observe what occurred when a newly printed, uncut sheet (this one) was placed face up atop another freshly printed sheet. The previously printed sheets were likely in a stack and the sheet atop the stack remained moist, as it was the last sheet printed prior to this one. Due to the fact that the ink was not yet dry upon the top sheet in the stack, some ink transfer to the back of the sheet placed atop the stack was inevitable. The slight ink transfer would show upon the back of the sheet placed atop the stack. In my opinion, the above only serves to add to the desirability of obsoletes and the "crudeness" of the printing process as compared to that in use today. Very, very light corner folds at the upper left and lower right back prevent this note from being assigned a gem uncirculated grade. An extremely rare opportunity in this day and time and simply a stunning note.

CHOICE

   AU+

 $475  

Reverse

    NC  $  10

  Bank of Lexington

 

 30 G 14a; P-860A

 

      Graham

 

  January 2, 1860

Serial # 2995. Dated January 2, 1860. Same vignettes as above. Another example of the splendid work of the American Bank Note Company of New York. Totally problem free, lacking a single, solitary pinhole. In reality, this example is far above the grade this issue is most often encountered. Color and eye appeal exceed that which would be expected at this grade level. A very nice, circulated North Carolina obsolete bearing full borders all the way around.

FINE

 

MKT

GRADE:

 VF_25

 $175  

Reverse

    NC  $  5

   Bank of North

      Carolina

 

      P-990

 

 

 

 

PCGS Very Fine 30

 

 

 November 1, 1859

 

    Wilmington

 

   Eric P. Newman

     Collection

Serial # 1811. Dated November 1, 1859. Central vignette of steam powered paddle wheeler and shipping scene. Farm family to lower left with male portrait to left of bank title. American Bank Note Company imprint to right of center at bottom. Plain back. Issued only in 1859. Much brighter than the scan depicts. Pic "2" is a scan of the note itself, unlike the other two scans which also display the grading service holder. For reasons unknown to me; when scanning the larger area containing the grading service holder, the result is a darker, more dinghy appearing note. Pic 2 is set upon the exact same resolution and no changes made to the scanner. Perhaps this is my punishment for being an "old guy"! Irregardless; a very attractive and most desirable obsolete. Counting is seen at the right front; very frequently observed and quite acceptable in the collecting of obsolete bank notes. Superb trim, bearing excellent color and far more clean and bright than this issue is usually encountered. A tough note and getting tougher every day. High grade for this bank and likely as well as Newman could do some 70 to 80+ years ago.

PCGS VERY

FINE 30

 $595  

Reverse
Pic 2

    NC  $  5

   Bank of North

      Carolina

 

      P-990

 

 

 

 November 1, 1859

Morgantown Branch

 

 

 

 

 

 CHOICE NOTE

 

Serial # 1446. Dated November 1, 1859. Central vignette of steam powered paddle wheeler and shipping scene. Farm family to lower left with male portrait to left of bank title. American Bank Note Company imprint to right of center at bottom. Plain back. Issued only in 1859. A truly stunning example of this Bank of North Carolina issue emanating from the extremely scarce branch bank at Morganton. By far, the best I've ever encountered from this branch. Bright and amazingly clean. Exceptional trim and totally problem free. No pinholes or other issues with the crispness of an AU or better note. Notes such as this one simply do not exist in true very fine. At the risk of sounding like a broken record; I cannot help but repeat just how tough it is to locate scarce, problem free notes such as this one, which also bear superb eye appeal. One can walk the isles of the massive FUN show (or any others) and not find notes such as this. For an old timer such as myself, this is definitely hard to swallow; however it is true. Ten years ago, one could walk the floor of a major coin/paper money show and buy all the nice obsoletes one wanted. In this day and time; I cull 75 to 100 notes before finding a single, suitable example. Granted, the cost is more than it formerly was. The cost is always more than it formerly was. That is the way it has worked for the 40 years I have been involved in this wonderful area of collecting. The primary difference today is the lack of available material. Irregardless; a gorgeous obsolete and a note which I doubt more than 10-12 collectible examples exist.

CHOICE

 FINE+

 

 

 

MKT

GRADE:

VF-30

 $595  

Reverse

    NC  $  4

Bank of Washington

       P 1360A

   Washington, NC

PCGS Very Fine 25

       PPQ

 

 

  Eric P. Newman

      Collection

 

 

 November 1, 1861

Serial # 2434. Dated January 1, 1861. Central vignette of large shield with Indian family to left and four females with globe to right. George Washington in oval at upper left. Large red protector over "4" and "FOUR" at bottom center. Plan back. A most attractive odd denomination note which is totally problem free. While a good number of remainders (unused notes) are available today; locating a nice, fully issued example is much more difficult. Clean, bright, fresh and bearing color which seems to exceed it's grade level. No pinholes and superb trim. The PPQ designation by PCGS assures us that no pinholes may exist. I am somewhat surprised to see a $4 Bank of Washington issue housed in a "PPQ" designated grading service holder. Superb eye appeal and outstanding pedigree.

PCGS VERY

 FINE 25 PPQ

 

Premium

Paper

Quality

 

My Grade:

Choice Fine

 $425  

Reverse
Pic 2

    NC  $  5

Bank of Washington

      P-1370A

PCGS Very Fine 35

        PPQ

 

 

  Eric P. Newman

     Collection

 

 

 

  November 17,

       1860

 

 Incredible Note

Serial # 918. Dated November 17, 1860. Three females to upper left (CSA T-17). Small locomotive in center and maiden to right. Bank title, round "5's" within medallions and large, white "FIVE" outlined in red ink. Plain back. Riveting, blast red color. Simply put; an incredible example of the issue. As no hoards or groups of uncirculated P-1370A's have been discovered; it would be safe to assume that this note is as near the best fully issued example one could ever hope to acquire. Breathtaking color and amazingly clean and bright. Further; a classic example of why one cannot purchase/grade any note based upon a front scan only. The note faces up Choice Uncirculated; although has seen use once or twice during it's lifetime. Eye appeal beyond description and a note which would have easily been housed in an XF-40 grading service holder a year ago. If you seek true beauty in an obsolete bank note, you cannot go wrong here. While not an excessively rare issue; an example which I am very proud to offer.

PCGS Very

 Fine 35 PPQ

 

Premium

Paper

Quality

 $495  

Reverse
Pic 2

    NC  $ 10

Bank of Washington

      P-1380A

 FULLY ISSUED

         1860

Serial # 56. Dated November 17, 1860. Portrait of George Washington within oval with two females left and right. Eagle standing. Female seated to far left. "10" in counter with red border to right. Large "TEN" surrounded by vivid red lathe work, bottom center. American Bank Note Co., New York below Cashier's signature to lower left. Plain back. Issued in 1860 and 1861 only. A lovely example of this 2 digit serial numbered obsolete. Superb trim and commanding eye appeal. Just a gorgeous note the quality of which is disappearing at an alarming rate. Not one in 100 of this issue will be preserved this well.

CHOICE

  FINE+

 

Mkt

Grade:

  VF-30

 $295  

Reverse

   NC  $ 50

Bank of Washington        P-1400                        85-G22

 

 November 1, 1861

 

 

 PCGS GEM NEW

       66 PPQ

Serial # 860. Dated November 1, 1861. Bank title at center. "50" on die to upper right. Vignette of five females to left. Gray "FIFTY" overprint at lower center. Heard of cattle to lower right. Plain back. This particular issue is dated 1861 only. A stunning example of this Washington, NC obsolete. Truly difficult to grasp that this note is 156 years old and remains in the pristine condition that you see here. Chartered on January 22, 1851 with an initial capital of $100,000 and failing in 1866; as did most Southern banks. The Bank of Washington is well known among collectors for producing some of the most attractive and colorful bank notes of the era. Bright, fresh, with perfect trim and no problems; as the note would have to be at this lofty grade level. Simply an amazing note bearing superb eye appeal and the grade to go with it.

PCGS GEM NEW  66  PPQ

 

 

Premium

Paper

Quality

 $650  

Reverse

   NC  $ 5

Bank of Wilmington

    100-G2c

  

  

      PROOF

 

   PCGS GEM

  NEW 65 PPQ

No serial #. Proof mounted on card stock. Central vignette of a female seated in rowboat, sailors, and others overlooking bay. Three masted sailing ship to lower right. Incredible red/orange lathe work overprint. Back shows card stock; somewhat reminiscent of D.C. Wismer (1920's-50's); although Wismer usually placed glue at both ends. A breathtaking color proof. While the $5 and $10 Bank of Wilmington proofs were once somewhat available, such is no longer the case. In the rapidly changing world of collecting obsolete paper money, notes such as this are vanishing at an alarming rate. Graded Gem New 65 by PCGS; I see an immaculate Southern proof....irregardless of any "number" assigned to it. A beautiful piece and as stated, one which is not remotely as available as it once was. I've seen this scenario play out far too many times. Color proofs continue to increase in value at an unprecedented rate, while at the same time, availability continues to diminish. In the current market; $10,000+ is not the least bit uncommon for a nice color proof. Dependant upon the bank; I have seen them bring more than $80,000. Here offered is one of the few remaining "affordable" color proofs...for now.

PCGS

GEM NEW 65

PPQ

Premium

Paper

Quality

 $3550  

Reverse

   NC  $ 6

Bank of Wilmington

      P-1430

 

       1855

    Wilmington

  EXTREMELY  

     RARE

 

 

  PMG VG 10

Serial # 2604. Dated September 10, 1855. Issued 1855 only. Central vignette of locomotive. "6" protectors. Red "SIX" overprint. Plain back. Without question, one of the rarest obsolete bank notes I have ever had the privilege of offering. Any note drawn upon the bank of Wilmington is scarce to rare; even the $10 note. The odd denomination $6 note is beyond rare and a note which most collectors never had the opportunity to see before the advent of the internet. As with other odd denomination notes; the $6 piece did not prove practicable in day to day commerce and was issued for one year only. Do not let the grade of VG 10 intimidate you; as one is fortunate to locate even a portion of a $6 Bank of Wilmington note. One of the great rarities within all obsolete bank notes. Some top edge dings are noted and consistent with the quite conservative grade of very good assigned by PMG. A note that was virtually unobtainable 100 years ago and remains so today. Incredibly rare and a wonderful opportunity to add a great rarity to your collection.

PMG

 VG 10

 $2250  

Reverse
Pic 2

  NC  $10

Bank of Wilmington

      P-1470

        1855

 

 FULLY ISSUED

  PCGS Fine 15

    WILMINGTON

Serial # 4088. Central vignette of people gathered and watching ship. Red, staggered "TEN" overprint. Dated September 10, 1855. In operation for a mere eleven years, issued notes upon this bank are very scarce. At times, remainders may be seen with false signatures. Not so here, as this note is correctly signed and issued. No repairs, stains or major problems, with remarkable eye appeal for this grade level. Bank of Wilmington notes simply are not to be found; with a solid Fine being about the best one could hope for. PCGS could find nothing wrong with this rare pice; nor can I. A lovely and most desirable obsolete.

PCGS

FINE 15

 $395  

Reverse
Pic 2


 

Please visit the Terms page to order.

randy@shipleyscurrency.com
709 Jim Town Road
Mooresburg, TN 37811

Copyright © 2003, Shipley's Currency.