SOLD
280,000.00USDto r*****e+ buyer's premium (56,000.00)
This item SOLD at 2019 Mar 29 @ 18:49UTC-4 : AST/EDT
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Apparent small repaired edge split and minor pinholes. Doubly signed by Samuel Clarke and Edward Fox and Countersigned by James Dickson rather than the Register of the Treasury, Joseph Nourse.
This is the Finer of only two known Treasury Notes of any denomination (a $3 note is graded PMG 25 Net) that is fully signed, uncancelled and issued for circulation! Since the $10 notes were delivered a month before the $3 notes, this may in fact be the very first note known to exist which was circulated as money for the United States Government.
Unique! Arguably one of the most historically important U.S. banknotes!
An image of this note appeared in the 1978 reprint by Sanford J. Durst Numismatic Publications of the 1885 book United States Notes by John Jay Knox, the late comptroller of the currency. Paper currency authority and author Gene Hessler provided an image of this note, possibly from the photo files of the Chase Manhattan Bank Money Museum, on page 254 of the Supplemental section of the book. Its whereabouts has been unknown for almost four decades until the note resurfaced at a dealer’s table at the Florida United Numismatists 2015 show and was subsequently acquired by the present consignor.
James Dickson & Co. were merchants located in Savanah, Georgia and in July, 1812 were delivering goods which were seized by the British. Through an order of Congress, Dickson was reimbursed nearly $24,000 as reported in the June 10, 1826 Niles’ Register. Dickson may have signed his name as a recipient of the note as was acceptable under previous emissions of Treasury Notes (“notes shall likewise be countersigned by a person to be appointed for that purpose by the President…” Act of March 4, 1814). We know of another instance of this occurring on a similar TN-14c $10 note also with plate letter H reported over 30 years ago by collector and researcher Roy Penell. That note was countersigned by John Calhoun, a famous U.S. senator at the time. This cataloger has not seen this note to validate its authenticity.
It is not often that great numismatic rarities appear on the market after being “lost” for several decades. New discoveries like the recent find of an exceedingly rare $5 1854-S gold coin, ship wreck numismatic treasures, or the Saddle Ridge Hoard buried treasure, is what makes our hobby so exciting. This note represents one of most important numismatic “find” since not only is it unique and one of the most important artifacts from one of our nation’s wars, but it is also quite probably, The First Circulating Bank Note of the U.S. Government!
On a personal note, when this cataloger was researching and writing my manuscript of this series which appeared in the Journal of Economic History March, 1984 edition, I believed this note most likely would never appear and presumed it was gone forever. It is a great thrill to be the first to publicly offer this unique historical artifact!
Est. $150,000 – $250,000
Pedigree: The Anderson Collection
Auction Location:
David L. Lawrence Convention Center, Hall B, 1000 Fort Duquesne Blvd., Pittsburgh, Pennsylvania, 15222, United States
Previewing Details:
auctions.kagins.com
Sales Tax on currency to non-dealers in PA and other non-exempt states. Coins exempt in most states, but taxable if under $1500 shipped to CA or $1000 to MD per tax accountant
Taxes:
| Tax | Rate | Desc. |
| PA |
7% |
PA Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
20% |
Additional Fees:
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www.kagins.com xv
Terms and Conditions of Sale (Continued)
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