MY - Financial Americana - 1802 Notarized Document for Rejected Redemption of (First) Bank of the United States Demand Notes. A second intriguing artifact from the Newman Collection and, obviously, pedigreed with the prior Bank of North America rejection document. Diagnostics are similar. Original notarized document, hand accomplished on laid paper, 19.5 cm by 31.5 cm. Submitted by Peter Lohra, N.P. [notary public], dated June 10, 1802. A seal is affixed at lower left, and an embossed Federal 25 cents stamp is at upper right. There are four (First) Bank of the United States notes across the document, all affixed to it with silk ribbon looped through the notes. The top note is a 1795 Philadelphia $5 demand note (US-1 unlisted \"K\" counterfeit with red \"5\" die; Newman page 366). A well printed note which exhibits details on the eagle and left border that clearly condemn the note. The laid paper is poor quality compared to genuine notes from the bank. The three notes underneath are all $20 Charleston branch notes, with various early 1790s dates, (US-1 C196). These are Good to VG, a bit rough, and the bottom note is decaying and has some fragments off with crude glassine repairs. The document has fold slits, repaired with glassine strips on the back. From the face, this presents nicely, and the original ribbon adds charm. Included is Eric's typewritten transcription of the document. An important Philadelphia, Charleston, and Bank of the United States item. Unique, and possessing great character. Ex: Eric P. Newman Numismatic Education Society \n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 29238, realized $1680. Image and description courtesy of Heritage Auctions, https://ha.com.
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