Philadelphia, Pennsylvania. (First) Bank of the United States. ND (179x). $20. PCGS Currency Extremely Fine 45 Apparent. Proof.(US-1 G28. Newman page 367). A second series note, exceedingly rare, and in genuine. Genuine notes are likely known only as proofs. The K position note of this type is plated in Haxby and Newman and this is the only other example known to us. This former 52 Collection Part I example is still the only example we have cataloged and it is another important early American note. Plate H. Printed directly on thick laid paper. No imprint. Center, Heraldic Eagle within texts and obligations. Left end, ornate TWENTY D on shaded panel. Top left, ornate counter and upper right, outlined white TWENTY D. on banner. The other cited $20 proof example, the Newman-Haxby Plate Note, was last sold in the March 18-20, 1999 Emil Voight, Sr. & Dr. Wallace Lee Sale held by predecessor Bowers and Merena, Inc. (Lot 2005). It was on the front cover of the catalogue and realized a hefty $1,955. Like the prior two First Series proofs, this possesses the strongest bonds with the development of the early finances of America and a precursor to the much later issued Federal Demand Notes. Deeply printed with bold clarity. Very minor pinpoint foxing scattered about. Light handling seen more so from the verso and very short right end split. Noted more severely by PCGS Currency as with Minor Stains; Small Edge Tears. As we stated over nine years ago: another museum piece from the First Bank.From our Stacks 52 Collection Part I, June 29, 2010, lot 5777 where it realized $16,100; previously from a Private Collection; unrecorded pedigree.
