New York, New York. Merchants Bank in the City of New York. November 1, 1862. $1. PCGS Currency Very Choice New 64 PPQ.(NY-1745 G130a) ABNC. Red tinted Lymens Protection type. Male portrait upper left. State emblem at bottom left. Large white ONE near top center. Printed on paper watermarked MERCHANTS BANK. Incredible style and execution and a real beauty to behold. This example is fully framed, brilliantly colored seen with near perfection.