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Note of the Month: Final Bank of North America issue

By Neil Shafer

This $1 note dated April 17, 1862, is the last type of issue of the Bank of North America.

Printed by the American Bank Note Co.’s Philadelphia plant, it features George Washington with his troops at Valley Forge at center.


The portrait at lower left is that of John Richardson, president of the bank from 1840 to 1857. At lower right is a beautiful engraving of Independence Hall in Philadelphia. The note is uniface.

It is my understanding that this particular emission is still encashable at some office because of some absorption or amalgamation of banks along the way.

This issue is a perfect example of the wonderful confluence of history and numismatics.

This article was originally printed in Bank Note Reporter. >> Subscribe today.

More Collecting Resources

• The Standard Catalog of United States Paper Money is the only annual guide that provides complete coverage of U.S. currency with today’s market prices.

• With nearly 24,000 listings and over 14,000 illustrations, the Standard Catalog of World Paper Money, Modern Issues is your go-to guide for modern bank notes.