Stack's Bowers & Ponterio
August 2021 ANA Auction 16-21 Aug 2021
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MEXICO. Banco de Jalisco. 5 Pesos, ND (1889-1913). P-S328. PMG About Uncirculated 55 EPQ.
A wildly popular and scarce counterfeit type. This note was printed by National Bank Note Company, under the assumption that Thomas Marshal, who ordered the notes, was a member of the board of directors of Banco de Jalisco. Marshal invented the story, and had NBNC print 5,000 of these notes. NBNC copied ABNC's design down to a "T" under the impression that ABNC lost the contract to print the notes, and then shipped the order to a H.L. Middleton in New Orleans. Middleton then starting signing and selling the notes, but was almost immediately arrested by the Untied States Secret Service, who in turn confiscated the remaining notes. This note is seen with double zero serial numbers, and is from Series B.
Estimate: $500 - $1000
A wildly popular and scarce counterfeit type. This note was printed by National Bank Note Company, under the assumption that Thomas Marshal, who ordered the notes, was a member of the board of directors of Banco de Jalisco. Marshal invented the story, and had NBNC print 5,000 of these notes. NBNC copied ABNC's design down to a "T" under the impression that ABNC lost the contract to print the notes, and then shipped the order to a H.L. Middleton in New Orleans. Middleton then starting signing and selling the notes, but was almost immediately arrested by the Untied States Secret Service, who in turn confiscated the remaining notes. This note is seen with double zero serial numbers, and is from Series B.
Estimate: $500 - $1000