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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 1, Lot 10017

Estimate: 10'000 USD   |   Starting price: 5'000 USD Price realized: 18'000 USD
Likely Unique and Stylish Rawdon Engraved
Loan of 1848 $5000 Specimen
United States of America. Act of March 31, 1848. $5000 6% 20 Year Registered Bond. Hessler X119H. Specimen. Uncirculated.
The higher denomination bonds from this loan were engraved and printed by Rawdon, Wright, Hatch & Edson and are distinctively well styled. This $5000 Specimen printed on bond paper on two sides was originally sold in Vattemare Part II. 26.0cm by 16.0cm, but this was removed from its original rim mounting from the albums at Barrows in Richmond at the request of Mr. Ford. No plate letter. The layout is much different than the Toppan, Carpenter & Co. printed pieces. Titles, denominations, obligations, and a vignette at top of seated Liberty with eagle are all enclosed within an oval comprised of the state emblems at the time. Allegorical females in all four corners outside that oval with Minerva lower left and Justice lower right. Spring and Autumn are represented in the upper corner. Red 5000 protector across bottom center.

Light brown back with transfer text. The Hessler Plate Note illustrated on page 176. A stunning example and one-of-a-kind to our knowledge. John bought this directly at the Ford VI sale for $7,762.50 in active bidding. Ford had three denominations of this style and this was the last available of the trio. An important loan act and series type. The condition appears pristine, though there is some faint perimeter handling seen with scrutiny. Lightly penciled back corner "Barrows" mark identified Ford's property. Another showpiece from the golden age of American engraving.

From the John E. Herzog Collection; Stack's John J. Ford, Jr. Collection Part VI, October 12, 2004, lot 444; originally Alexander Vattemare Presentation Albums Sale Part Two (Robson Lowe/Christie's, September 17, 1982, lot 1508).

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