Paterson, New Jersey. Cataract City Bank. 1857 $10. PMG Very Fine 20.

Paterson, New Jersey. Cataract City Bank. 1857 $10. PMG Very Fine 20. No. 987. Plate A. Although representative of an institution seen with some regularity at auction. The Cataract City Bank is nonetheless often represented by unsightly and impaired notes that reflect prolonged circulation. By contrast, this example directly contradicts the norm established by surviving notes on this institution as even circulation can be observed. A singular comment that says "Previously Mounted has been applied by PMG, but the overall color of this piece and the vignette at center entitled William Penn's Treaty with the Indians are sure to capture the attention of those with an interest in New Jersey Obsoletes. PMG comments "Previously Mounted." Estimate: $2,000 - $3,000. Provenance: From the Caine Collection. Click here for certification details from PMG.

Estimate:$1,200

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