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Lot: 12669
Auction: 3502
Kirtland, OH- Kirtland Safety Society Anti-Banking Co. $1 Jan. 4, 1837 G2 Wolka 1422-01 Rust 12. ...
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Sold for: Sign-in or Join (free & quick) (includes BP) Bid Source: Live: Floor
Ended: Sep 16, 2008
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Buyer's Premium: 15% of the successful bid (minimum $9.00 per lot)
Auction Name: 2008 September Long Beach, CA CAA Signature Auction #3502
Description: Heritage Numismatic Auctions offers currency in our Signature Auctions & Final Session Sales, held in conjunction with some of the largest numismatic conventions. These sales feature award-winning cataloging and photography. Call or e-mail one of our Consignment Directors to learn about selling through Heritage.
Auction Type: Currency Auctions of America - Heritage Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Currency Auctions of America - Heritage Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 12001-16154)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 2 Internet/mail bidders, 334 page views

Description
Kirtland, OH- Kirtland Safety Society Anti-Banking Co. $1 Jan. 4, 1837 G2 Wolka 1422-01 Rust 12
The Kirtland "Anti-Banking" notes were actually the first issue of notes from this bank, with all of the known notes dated January 4, 1837. The reason for this issue was the rejection of the bank's application for a charter from the Ohio state banking regulators in Columbus. With the notes already in hand and the bank ready to open, the bank's officials decided not to let such legal niceties restrain their activities, and simply opened for business issuing the newly renamed currency. This note bears the signatures of S [idney] Rigdon as Sec and J [oseph] Smith, Jr. as Tres. Smith actually signed most all of these early notes, but within a few months he had severed his relationship with the bank, which closed in November of 1837. Smith and Rigdon were each eventually fined $1000 by the State of Ohio for their part in the bank's opening. Fine-Very Fine, a rare and highly desirable Mormon issue.


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