1857 $5 Western Exchange Omaha City Nebraska Obsolete PMG 63 Choice Unc Signed
Item History & Price
| Reference Number: Avaluer:22489217 | Modified Item: No |
| Circulated/Uncirculated: Uncirculated | Certification: PMG |
| Denomination: $5 | Grade: 63 |
Extremely Rare 1857 $5 Western Exchange Fire & Marine Omaha City Nebraska Obsolete PMG 63 Choice Unc Note Fully Signed, Both Signatures Tuttle and Johnson.. If you want the best here you are.. I think you could certify this crisp note and it would Gem.. Absolutely beautiful rare note great color and artwork.. No pinholes tears or creases.. This note is getting tougher to find and to have it here with both signatures.. An incredible rare find that wont ...last long.. I personally cut this from the sheet so the margins are great and the corners are sharp.. Very very slight ink burn in Tuttle's signature very common.. The burns are from the inks used at that time for the signatures.. Low serial Number.. Its a very clean fully signed note worthy of any ones collection.. Please look it over.. One of the better fully signed notes that I have.. Do not let this beautiful note get away.. I try to offer high grade very unique very limited hard to find notes that can be the cornerstone of any ones obsolete collection.. Smoke free home.. Combined shipping with other auctions.. Shipped with tracking number.. Good luck and happy bidding..
1857 $5 The Western Exchange Fire & Marine Insurance Company Obsolete Note hailing from Omaha City, Nebraska. This highly sought Danforth, Wright & Co. (New York & Philadelphia) prized UNCIRCULATED features a vignette of the native Indians and a Low Serial # 771 stamped in BLUE !!!!! BISHOP HILL COLONY The Western Exchange Fire and Marine Insurance Co. received its charter from the Legislature on March 16, 1855. This was during the first session of the Legislature and this was the only bank to receive a charter at that session. The charter was a permit to receive deposits and issue certificates tfor, so their notes were certificates of deposits. The signatures on the fully signed notes of the Omaha issue were Mr. Tuttle and Mr. Benton as President. This example remains unsigned. After the failure of this bank on September 23, 1857, Mr. Johnson of Galva, Illinois, purchased the charter from Mr. Benton for a reported price of $9, 500. Mr. Johnson was an officer and a member of the Bishop Hill Colony. A new issue of notes were ordered with the following added: “Deposited by Bishop Hill Colony”, and with a date of November 2, 1857. Mr. Johnson continued to redeem the earlier issue along with his own issue until the money ran out and the bank went bust again. This Bishop Hill issue is signed by Tuttle and Johnson. Increasing dissension among the inhabitants of the colony lead it to be called the "Bishop Hell Colony".
1857 $5 The Western Exchange Fire & Marine Insurance Company Obsolete Note hailing from Omaha City, Nebraska. This highly sought Danforth, Wright & Co. (New York & Philadelphia) prized UNCIRCULATED features a vignette of the native Indians and a Low Serial # 771 stamped in BLUE !!!!! BISHOP HILL COLONY The Western Exchange Fire and Marine Insurance Co. received its charter from the Legislature on March 16, 1855. This was during the first session of the Legislature and this was the only bank to receive a charter at that session. The charter was a permit to receive deposits and issue certificates tfor, so their notes were certificates of deposits. The signatures on the fully signed notes of the Omaha issue were Mr. Tuttle and Mr. Benton as President. This example remains unsigned. After the failure of this bank on September 23, 1857, Mr. Johnson of Galva, Illinois, purchased the charter from Mr. Benton for a reported price of $9, 500. Mr. Johnson was an officer and a member of the Bishop Hill Colony. A new issue of notes were ordered with the following added: “Deposited by Bishop Hill Colony”, and with a date of November 2, 1857. Mr. Johnson continued to redeem the earlier issue along with his own issue until the money ran out and the bank went bust again. This Bishop Hill issue is signed by Tuttle and Johnson. Increasing dissension among the inhabitants of the colony lead it to be called the "Bishop Hell Colony".
