1861 .00 Northwestern Bank (PA) Banknote – PMG Choice About Unc 58 EPQ

Description

1861 .00 Northwestern Bank (PA) Banknote –
PMG Choice About Unc 58 EPQ
Offered for your consideration is an intricate and well-executed .00 obsolete banknote, issued a few months after the outbreak of the Civil War. The central vignette depicts a stockyard scene, with two men discussing a large herd of cattle while smoke rises from the chimney of a building behind. Immediately below is the financial obligation, which states that
“THE NORTH WESTERN BANK Will pay FIVE DOLLARS to bearer on demand”
, followed by the city of issue,
“WARREN”
, and the date,
“July 18
th
1861”
. The signatures of two bank officials appear at the conclusion, one hand-written (“
CASHIER
”) and the other printed (“
PRESIDENT
”). At the upper left is an oval portrait of George Washington, the first president of the United States, while at the lower right is a lovely young lady holding a flower to her chest. The denomination, presented on medallions, appears in the opposite corners. A red
“FIVE”
protectorate adds color to the area beneath the central vignette. The back, in common with many notes of the era, was left blank.
This note has been professionally graded and encapsulated by Paper Money Guaranty as
“Choice About Unc 58”
, with the special designation
“EPQ”
. The
“EPQ”
designation is defined on the back of the holder as
“Exceptional Paper Quality”
. Minor ink corrosion is noted for accuracy, as is the one mark in the lower left corner of the back (see illustration). The edges are irregular, though none of the inner frame-lines are affected (it is close, though). Minor wrinkling of the paper can be seen at the top, probably a prime factor in the assigned grade. The contrast is sharp and bold, highlighted by the colorful protectorate. A nice example of this interesting note and a worthy addition to any Northern currency or general Civil War collection.
A .95 charge will be added to the winning bid for postage and insurance.
A .00 charge will be added to any item picked up in person at our physical location.
If you have any questions regarding this item, please ask before bidding.
Buy or Bid with Confidence – American Coins & Collectibles President Richie Self has worked 6 years as a paper money grader/authenticator. He has contributed to numerous reference books within the industry, as well as being a co-author of “The Comprehensive Catalog and History of Confederate Bonds, 2
nd
Edition” with Douglas B. Ball, Ph.D., Henry F. Simmons, M.D., Ph.D. and James R. Desabaye. Mr. Self is a life member of the American Numismatic Association, the Society of Paper Money Collectors, as well as numerous regional numismatic associations. He is an authorized submitter to NGC, PCGS, and PMG, a diamond founding member of Coin Dealers Helping Coin Dealers and a supporter of the Industry Council for Tangible Assets. American Coins and Collectibles can be found at many of the state and local coin shows.
American Coins and Collectibles
Shreveport, LA