1862 Q. W. Wellington Bank, Corning NY One Dollar Note

@westernsky you're welcome. Imagine at 17 he starts as an errand boy and in 1862 at 30 years old he owns a growing banking concern. He didn't waste alot of time.

@JimmyD I am not having any luck searching the PMG site. Do I need an account? Appreciate any help

@JimmyD when I google NGC grading I get links for the ngccoin.com site which has nothing about notes. I've also tried PMG but nothing there. I'm obviously missing something simple but can't figure out what it might be

@JimmyD Found the reference. I know very little about grading currency especially in the lower grades but given the tattered nature of my note I am guessing it would be in the poor/fair range. Any thoughts?

I am not too sure what to make of the PMG population of 1 except that it would seem rare in any grade. Beyond that I am not sure what if anything can be said.

Thanks for looking into this

Very interesting note, lahave56, thanks for sharing.

Interesting example!

Thanks @GregAlex I'll give it a try and post what I learn.

The NY-715 G2 id number JimmyD mentioned is actually the Haxby number from the "Standard Catalog of United States Obsolete Bank Notes 1782-1866", James A. Haxby, published in 1988. New York issues are covered in Volume 3, with this bank appearing on page 1502.

Haxby includes very minimal information on most banks; for this bank he only mentions that it existed from 1862-1920 and was absorbed by Corning Trust Company.

Other than this $1 note, he also lists a $2 note with the same issue date of Sept. 1, 1862 (NY-715 G4). However, Haxby was not aware of any surviving examples of the $2 note. For notes with known survivors he lists some basic valuation information (far out of date, of course), but doesn't provide a rarity scale.