State of Arkansas. $10.00 'On Auditor's Warrant'. January 10, '186'2 [written]. Printed on a hard white paper with visible (partial) watermark '...ELL.[?]/185[?]...' perpendicular to the note. Standing Indian brave left, texts in the center. No imprint. Cr.15A. Unpriced in Criswell and rated as 'Very Rare'. Rothert 381-5; Rarity 7. Signed and issued. No.20294/29. This is a different series of 8% circulating bonds used by the State.
Not only is this type rare in any grade, this example is a wonder. We feel it is not unreasonable to call this impressive note Gem Crisp Uncirculated! The lower left corner tip is nicked ever so lightly. However, the margins are complete and superior for the type. The printed portions from the face are boldly embossed with incredible depth visible from the verso. It is easy to see why notes of this paper type used by Arkansas quickly split and fell apart. This explains their scarcity in any grade. In these early series, we have never seen a note approach this condition. Clearly Condition Census and we would be amazed to find a finer example. A treasure for the Arkansas or State note specialist.
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