Jefferson City, MO - State of Missouri-Union Military Bond $1 Aug. 27, 1863 Cr. UG11. PCGS About New 53PPQ. This $1 note from the scarce third series of circulating Union Military Bonds is in exceptional grade. This is the first of seven different types from the series: an impressive selection and the largest since the April 1981 NASCA Joseph Vacca auction. On March 9, 1863, $3,000,000 of circulating bonds was authorized, with the enactment date engraved on the green back, to pay the Missouri Militia. The notes were payable twelve months after they were issued and paid 6%. An additional enactment followed, and three engraved years are observed on the face plate: 1863, 1865, and 1866, with \"1863\" observed here. The American Bank Note Co., Philada. engraved the plates and printed the notes. This design features the portrait of auditor William S. Moseley, engraved for this issue, in the upper left corner. To the right of the obligation, a dynamic seated America is depicted as a Native American princess. She has her arm around an eagle draped with the Stars and Stripes. It is standing on a globe named AMERICA and grips an olive branch. The vignette was adapted from Toppan, Carpenter & Co. dies from the 1850s. The green security back has the title at top and the \"MARCH 9, 1863\" enactment at bottom, with a large white \"1\" at each side. There are two back margin signatures along the bottom. Plate H. No. 52541. Rated Rarity-10 (5-15 known), in Shull-Criswell's most recent revision, and unpriced. A stunning example of any issued Union Military Bond, especially this low-denomination type. Both sides show exceptionally bold printing and embossing and fully original paper integrity. Margins are mostly broad save for a sliver at the top right. Superbly vibrant, and the finest we have seen. Ex: Eric P. Newman Numismatic Education Society \n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28585, realized $1680. Image and description courtesy of Heritage Auctions, https://ha.com.
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