Switzerland, Bank in St. Gallen ND (ca. 1838) P-S431r PMG Choice Extremely Fine 45 10 Gulden (Remainder)
Punch hole cancelled. The first in a trio of extremely rare remainders (although probably more properly identified as Proofs on India paper) for the 1830s issue of the Bank in St. Gallen, printed by Draper, Toppan, Longacre & Co., New York & Philadelphia. Unknown to exist in issued form, and rare otherwise.   This note would have been from the top or middle position of a sheet. The bank was founded in 1837 and this note is from the first issue.  The bank would later merge in 1906 with what today is Credit Suisse Group.
PMG Population in 45: 1 (0 Finer)