Lexington, MO - Farmers Bank of Missouri, at Lexington $1 Dec. 14, 1861 MO-15 G12a. PCGS Fine 15. An attractive, signed and issued $1 note from the Lexington home location (chartered by the state in 1857) which was in Confederate-sympathetic territory. The notes were unregistered and did not receive countersignatures from the bank commissioner (similar to the Bank of the State of Missouri Civil War-period notes) There are also variations in dating and serial numbering (earlier notes from this series have handwritten numbers). The bank was located at 8th and Main Streets in a brick Greek Revival building that now houses the Elks lodge. In September 1861, Union forces led by Colonel James Mulligan seized the money from the bank. As they waited for reinforcements, Sterling Price and his Confederate forces attacked, taking control of Lexington. With Mulligan by his side, Price returned the money (estimated at between $750,000 and $1,500,000) to the bank, \"making the rebel forces look like the defenders of law and order and of private property\" (Financial Fraud and Guerilla Violence in Missouri's Civil War, 1861-1865, Mark Geiger, Yale University Press, 2010). The notes from the series have splendid layouts. The imprint of the American Bank Note Co. Philada. is at the bottom. Slaves harvesting corn are at top left, a Federal-style eagle (attributed to engraver Alfred Jones) is right of center, and a veiled woman with flowers is at lower right. Lower left and upper right corners show denomination dies, a red \"1\" is at top center, and a red protector outlines the white ONE 1 ONE at bottom center. The final \"1\" digit of the date is written in. Plate B. Serial no. 4764. This represents the type beautifully and is one of the finer examples we have seen. This has been in the Newman Collection for over 75 years and was part of the 1939 Wismer acquisition. Ex: D. C. Wismer, July 1939;Eric P. Newman Numismatic Education Society \n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28421, realized $780. Image and description courtesy of Heritage Auctions, https://ha.com.
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