Osceola, MO - Merchants Bank of St. Louis, at their Bank in Osceola $5 Oct. 3, 1859 MO-25 S15 Spurious Issue. PCGS Very Fine 20. The rarest St. Louis Obsolete bank title by far, known mainly for its spurious or counterfeit types. All genuine notes from the bank and its branches are SENC in Haxby. One genuine issued note is known to us: the $5 genuine note that appeared as Schingoethe Part 14: lot 1279 and sold for $1,150 in April 2008. Proofs from the bank have not been reported to our knowledge. The Osceola branch was in the far western part of the state, in a small town, but strategically located on the Missouri River. During the war, Price attacked it and the bank's specie was rumored to be at risk. Eric owned these two false note types with the title, and they form an interesting pair. This spurious type copies the Toppan, Carpenter & Co., New-York & Philad. $10 style from the bank, but uses the $5 denomination. The lower right wharf scene shows slaves moving a heavy barrel with \"St. Louis\" seen on its top, and the lower left has a female portrait. In red are the \"5\" dies in the upper corners and \"V\" protector at the left center. The genuine $5 note uses the same main vignette, but placed at top center. Plate C. No. 1797. False signatures of the cashier, and president J. A. Brownlee, are at bottom left. Brownlee was a southern sympathizer, assessed by the Union after occupation, and requested to leave St. Louis. The false Geo. Penn signature is vertically to the left. Superior grade for this scarce type. Ex: Eric P. Newman Numismatic Education Society \n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28439, realized $264. Image and description courtesy of Heritage Auctions, https://ha.com.
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