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1865 South Reading Bank Massachusetts Obsolete Note - Any Info?

I have been trying to find information on this note without any success. Does anyone know its value or rarity?
Thank you very much!
Devin

Comments

  • sellitstoresellitstore Posts: 2,368 ✭✭✭✭✭

    I think that I can help with some information.

    It is listed in both Haxby (MA-1155-(G2b)) and Bowers (MA-3070-001(G015). It was probably issued in at least three different varieties from 1854-1865, and your example was likely the final variety, with ABNCo. momogram.

    I've never seen one and it's a previously unreported denomination for this bank, which became a National Bank in 1865. A $10 was known to Haxby in the late 1980s and Bowers added a low grade $2 to the known genuine notes from this bank. Yours is the third note of any denomination that can be easily documented. It's quite possible that there are a couple of others but this is a very rare note from a very rare bank. And the condition is quite nice.

    Bowers suggest a value of $600-$1000 for the two genuine notes on this bank in middle grades of F-VF. Yours is a nice VF (with a tiny, well-hidden hole) and the coin vignette puts my guess at the higher end of this range. There are a few Boston area collectors and this is a prize.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • Thank you very much! The note is currently at PMG.

  • Steve_in_TampaSteve_in_Tampa Posts: 1,791 ✭✭✭✭✭

    For only being printed on one side, the note has a lot going for it. A beautiful central vignette with a cherub holding a Liberty Seated Dollar, a steam locomotive traveling over a bridge, four church steeples and a gentleman with a furrowed brow in the corner. Wonderful fancy fonts, a red “One” protector and it’s dated, numbered and signed. What more could you ask for ?

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