Watch List notes:

Arkansas. Arkansas Treasury Warrant $1. January 27, 1862. Cr-22. No. 27543. Young woman in feathered hat, left. State seal, center. Key, dog and chest below. "On Auditor's Warrant." Very Fine-EF. Bright, crisp, and problem-free. Full borders. Rarity 11 according to Shull. A very superior example of a very rare Arkansas Treasury Warrant..

Estimate: $200-300