North Adams, Massachusetts. Adams Bank. 1857 $1. PCGS Banknote Very Fine 20.

orth Adams, Massachusetts. Adams Bank. 1857 $1. PCGS Banknote Very Fine 20. No. None. Plate A. Located in Berkshire County close to the state's border with Vermont, North Adams represents another tough prospect for collectors who specialize in Obsoletes from Massachusetts or the entirety of New England. Served by the Adams Bank which had received a charter from the state in 1831, this institution was managed without apparent controversy and ultimately took a National charter in 1865 which preceded a vigorous redemption campaign that left only a small handful of surviving Obsoletes for the benefit of collectors. Today this evenly circulated $1 Obsolete is one of an even smaller handful of surviving pieces for the denomination and offers a particularly strong degree of eye appeal amplified by the centermost vignette depicting a cherub rolling an 1855-dated Seated Liberty Dollar while exceptional color can be found throughout the balance of the composition overall. This institution ultimately became the Adams National Bank of North Adams (Charter# 1210) in 1865. PCGS Banknote comments "Pinholes, Minor Edge Repairs." Estimate: $1,000 - $1,500. Click here for certification details from PCGS Banknote.

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