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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 10025

Estimate: 4'000 USD   |   Starting price: 2'000 USD Price realized: 3'000 USD
Second Series Loan of 1862 $1000 Registered Bond

United States of America. Act of February 25, 1862. $1000 6% Registered Bond. Hessler X131D. Archival Remainder. Choice Very Fine.
This is an unnumbered, archive remainder for this extremely rare loan and might be known only in this form. A beautiful piece like all the engraved Federal bonds from the early acts. There are subtle obligation changes in the text (end date is April 30, 1882, and a notation to fix plate as "on" marked in red). Printed on bond paper by the American Bank Note Co., New-York. 43.5cm (part of stub folded back) by 18.0 cm. Full bond with stub at the left end. Bond layout identical to Hessler X130D, but with those subtle changes. Washington top center, flanked by flags. Brown transfer form on back. Unnumbered. Penciled notation on transfer and crayon mark on folded back part of stub. Two oval signature cancels as described in Christie's November 28-29, 1990 Leo sale catalog. Bright with only some minor archival folds. This realized $2,200 in 1990 at Christie's when last sold. Worth some multiple of that, for what might be the only example known.

From the John E. Herzog Collection; Important World Bank Notes and Artwork from the Archives of the American Bank Note Company (Christie's, November 28-29, 1990, lot 1220); American Bank Note Company Archives.

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