St. Louis, Missouri (T.) - Bank of St. Louis (1st) 37-1/2 Cents April 1, 1819 MO-45 G6. PCGS Fine 12. This rarity is from a third series of Bank of St. Louis change bills printed by Murray, Draper, Fairman & Co. (Philadelphia) with engraved April 1, 1819 dates. Five denominations were printed, including a very rarely encountered 62-1/2 cent denomination (or \"five bits\"). The unusual denomination would have been useful for certain fares on the St. Louis & Illinois Team Boat Ferry. The rectangular format is similar to Bank of North America and other Philadelphia change-bill series printed after the War of 1812. Titles and obligations are in the center with an oval-enclosed 37 ? CENTS at the top flanked by \"37 ?\" denominations. Ornate end panels show the numerical denomination left and MISSOURI. at right in cartouches. Location, engraved date, and space for signature are at the bottom. No plate letter. Unnumbered. Signed by R.[isdon] H. Price as bank \"Pres't.\" Note the strongly penned president's signature in the aftermath of the ousting of John B. N. Smith, the crooked cashier. Normally, notes like this were signed by the cashier. Here, the president of the bank guarantees the note. Honest circulation only is seen. An excellent \"Three Bits\" note from a fascinating bank. A subtly styled note that is very rare. Ex: Eric P. Newman Numismatic Education Society \n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28360, realized $1680. Image and description courtesy of Heritage Auctions, https://ha.com.
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