Fort Smith, AR - P. Goodman-Fort Smith Exchange presented to Mayers & Bro. 75 Cents March 25, 1862 Rothert 235-2. PCGS Very Fine 20 Apparent. This is an exceedingly rare Arkansas Civil War scrip note from an issuer that, according to Rothert, may have acted as a private bank. Eric P. Newman, who has studied the Fort Smith Scrip notes for decades, shared that information with Matt Rothert, author of Arkansas Obsolete Notes and Scrip. The present example is the plate note in that reference book. Much of the currency issued from Fort Smith circulated widely in the Confederate theatre, as far as the Indian Nations. Notes from the P. Goodman-Fort Smith Exchange are among the rarest from Fort Smith. The note has a very distinctive appearance; it is printed on thick, blue-green paper without imprint. At the far left is a Native American princess, adapted from 1850s Obsolete notes. A second vignette, just to the inside of that, shows a War of 1812-era rider (note the helmet and uniform) blowing a battle horn. The obligation at right center has \"Due the Bearer.... in Southern Confederacy Notes....is presented to Mayers & Bro.\" Mayers & Bro. were prolific currency note issuers from Fort Smith City, and their notes were payable in two other locations in Arkansas, two merchants in Texas, and at F. H. Nash in the Cherokee Nation. This note boasts great rarity in addition to its interesting style. Noted with \"Edge Splits and Tears; Small Hole at Right.\" The faults are minor compared with its rarity, charm, and eye appeal. There are two other Fort Smith Exchange notes plated in Rothert, but this attractive example is the most intriguing. We have never seen another, and this might be a unique note. Ex: Eric P. Newman Numismatic Education Society\n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28211, realized $1560. Image and description courtesy of Heritage Auctions, https://ha.com.
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