Milan, MO - Union Bank of Missouri, at their Bank in Milan $5 Sep. 1, 1860 MO-65 UNL SENC. PCGS Very Fine 20. With its impressive grade, this $5 note commences a quartet of all different issued $5 and $10 branch-payable types from the bank that defies the imagination. It is interesting that this early registered series used two different designs for both the $5 and $10. Each type was complemented by a branch-payable color proof obtained from Wismer in 1939 and sold in the Newman Part VI sale in April 2015. These issued notes are even more desirable than those exceedingly rare or unique proof types. This $5 design type is unlisted in Haxby. The captivating central vignette shows a hunting scene, with the protective mother bear striking back at one of the two Native Americans on horseback. This dramatic image was originally engraved by Toppan, Carpenter & Co. The lower left vignette is different than the portrait type used on the Warrensburg branch payable note (the next note in this sale). The layout difference is not described in the Bank Note Reporters of the day (see Gwynne & Day, page 133, which describes only the male portrait $5 type). D.C. Wismer used the Bank Note Reporter's information to create many of his foundational Obsolete listings in the 1930s; later these were used by Jim Haxby when other information was not available. Printed by the American Bank Note Company. On this note at the lower left is an enchanting, nearly quarter-length portrait of a woman wearing a formal dress. Her head is tipped to better display her ornate earrings. This portrait was adapted directly from Henry Cousin's mezzotint engraving, Beaming Eyes, after a painting by Charles Baxter. It was originally engraved for Danforth, Wright & Co., but used on this unlisted Missouri branch-payable type and the SENC City Bank of Poughkeepsie, New York $5 (cataloged and sold in Newman Part VI). The ABN also used this art later with an added fan and different clothing. At the lower right is a family scene with the child sitting on the father's shoulder. The vermillion tint plate encircles each of the \"5\" dies in the upper corners and adds a protector V FIVE V. Plate D. No. 1482. Signed by J. B. Oates as cashier and Geo. E. Harding as bank president. S. Price (future Confederate General Sterling Price) signs as bank commissioner. An inspiring example as a type note, and likely unique for the branch. With pleasing color, perfectly penned signatures, and visually striking vignettes. An absolute prize Missouri note and one of the greatest notes in this groundbreaking catalog. Ex: Eric P. Newman Numismatic Education Society \n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28455, realized $3600. Image and description courtesy of Heritage Auctions, https://ha.com.
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