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USA, Baltimore $1 banknote, 1840, rare

Price £185

USA, Baltimore $1 banknote, 1840, rare

United States of America, Maryland, Baltimore, Baltimore Savings Institution, uniface $1 banknote, dated 5 September 1840, handwritten serial number 1429, signed by the Secretary and the President, Plate C, front: vignette of woman holding a child with large sailing ships behind and rowing boat near the shore, denomination “1” and “ONE” to either side over Greek-style medallian head, TREASURER OF THE BALTIMORE SAVINGS INSTITUTION Pay ONE DOLLAR in current Bank notes” at centre, “Underwood, Bald, Spencer & Hufty” (Philadelphia) lower left, “Danforth, Underwood & Co” (New York) lower right, back: blank, 175mm x 77mm.

The bank was founded by a group of businessmen in 1834. An office was maintained on North Charles Street but in 1840 the banks door did not open because its president (Frederick H Knapp) had disappeared. Days later he was arrested in Baltimore (not listed by James Haxby, Standard Catalog of United States Obsolete Bank Notes 1782-1866).

Note wrinkled but the signatures strong and bold, good fine and rare.