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Stack’s Bowers and Ponterio   |   The August 2018 ANA Auction   |   23 August 2018 Sort by Lot-NumberSort by Estimate
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Session 4, Lot 2065

Estimate: 15'000 USD   |   Starting price: 9'000 USD Price realized: 19'200 USD
Very Choice Paris, Illinois First Charter $20

Paris, Illinois. $20 1875. Friedberg 431 (W-2050). The First NB. Charter #1555. PCGS Currency Very Choice New 64 PPQ.
This Paris, Illinois bank has provided collectors with a number of high grade First Charter $10s and $20s to fill spaces in type sets and state collections. The note offered here is a bright and fully choice 1875 $20 displaying ample margins, boldly printed inks and nicely penned bank officers' signatures.

The beautifully designed type features vignettes of the Battle of Lexington, 1775 at left and Loyalty at right. The back prominently displays a detailed vignette, the Baptism of Pocahontas, at center with the state seal to the left and a bald eagle with shield at right. Engraving and printing was carried out by the American Bank Note Company whose imprint is found at the bottom center of the face.

Just three 1875 $20s of all catalog numbers have been graded at this level by PCGS with four finer. For the catalog number it has been surpassed by just a single note.

About the Bank

The First National Bank of Paris, Illinois was organized in 1867 with a capital of $80,000, authorized up to $125,000. The founding president was R.B. Sutherland and the first cashier was George Hunt. By 1875 the capital was $125,000, the president was Asa J. Baber, and the cashier was William Siebert.

The bank went into receivership on May 4, 1931, a victim of the Depression. By that time the amount of paper money issued since 1885 was $2,271,260, of which about $120,000 was still outstanding, including large-size notes (as here), totaling $17,145.

PCGS Population: 1; 1 finer.

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