St. Louis, MO- Bank of the United States (the Second) $20 Office of Discount and Deposit Contemporary Counterfeit Mar. 4, 1828 US-2 UNL. PCGS Fine 15. A very rare and underrated note. The St. Louis branch of the Second Bank of the United States opened in 1829. Though the bank was successful, President Andrew Jackson, supported by former adversary Thomas Hart Benton, vetoed rechartering the bank. This \"Office of Discount and Deposit\" note is note listed in Haxby despite being an \"on demand\" instrument. An imitation of the Murray, Draper, Fairman & Co. engraved plate. The details are less defined throughout. An eagle, perched on a shield, hovers above the ocean at top center. End panels have small portraits in lathe work, although much less fine and intricate than on the genuine. The obligation is across. Plate U. No. 1291. The false signature of Nicholas Biddle is at lower right. This problem-free example has a boldly penned \"St. Louis.\" Note that the date is prior to the branch opening, further evidence of its spurious origin. Though a contemporary counterfeit, anything from this branch is rarely seen. St. Louis was not represented in two Bank of the United States collections sold in the past few decades. The Newman Collection notes are the first St. Louis branch note of any kind we have ever cataloged, and this is a key Missouri and Bank of the United States type. Ex: Eric P. Newman Numismatic Education Society \n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28554, realized $1920. Image and description courtesy of Heritage Auctions, https://ha.com.
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