Mike Coltrane's intense interest in history and American paper currency inspired him to form themost comprehensive collection of War of 1812 United States Treasury Notes ever assembled.There are two main classes of notes. First are those authorized by the acts of June 30, 1812,March 4, 1814, and December 26, 1814 (and $100 notes from the February 24, 1815, act). Theywere in a large size format and paid 5-2/5% interest for one year from its hand-dated time ofissuance. The second class of notes was authorized by the final act of February 24, 1815. Thesewere in a "small" size format with denominations from $3 to $100, similar in size and style toslightly earlier first Bank of the United States notes. These did not pay set interest or have a setterm, but were redeemable later for 7% United States funded stock. They circulated in commercewhen signed by three officials including the register of the treasury or an authorized, designatedofficial such as a commissioner of United States loans or other official designee.

All War of 1812 Treasury Notes share two common elements. First, they were all engraved andprinted by Murray, Draper, Fairman & Co. in Philadelphia. Second, with one exception, the $3denomination, all notes portrayed Federal eagle vignettes which symbolized American strengthand resolve from its founding onward. The only note type without an eagle vignette is also theonly federally authorized "three dollar bill" which was in common usage by private banks at thetime. The fully issued "triple-signature" $3 note offered in this sale (lot 25034) is the onlyexample of its kind known and boasts an illustrious pedigree. This issued note is the model forthe future Demand Notes emitted for financing the Civil War.

The first part of Mike's extraordinary collection of War of 1812 rarities comprises 21 historicnotes. All lots are currently on Heritage Auctions preview at HA.com/3575. The sale will be heldin Dallas with Session 1 (floor) on November 4 and Session 2 (online only) on November 5. Lotviewing will be available by appointment only at Heritage's Office in Dallas (October 26-November 4); contact Jose Berumen at JBerumen@ha.com or 214-409-1299. We invite you tojoin currency experts Dustin Johnston, Sarah Miller, and Bruce Hagen for an interactive Zoomvideo preview and discussion of the sale on Friday, October 30, 2020 at 12:00 P.M CT at
https://zoom.us/j/91822062913?pwd=RFlrS0E5WDQxWWd1NEhxMnU4V1dKUT09 .

Act of June 30, 1812 $100 5-2/5% Treasury Note. Hessler X69A, Fr. TN-2. UnsignedRemainder. PMG About Uncirculated 55

Extremely rare first series interest bearing note. None are known issued and this is one of thefinest. Lot 25014.

To read the complete lot description, see:
United States - Act of June 30, 1812 $100 5-2/5% Treasury Note. Hessler X69A, Fr. TN-2. Unsigned Remainder.(https://currency.ha.com/itm/war-of-1812/united-states-act-of-june-30-1812-100-5-2-5-treasury-note-hessler-x69a-fr-tn-2-unsigned-remainder-pmg-about-uncircul/a/3575-25014.s)

Act of March 4, 1814 $100 5-2/5% Treasury Note. Hessler X74C, Fr. TN-6. Double-Signature Remainder. PMG Choice Extremely Fine 45

Arguably the most important War of 1812 series type. There are only three intact notes known.This is almost fully issued, and it is the Friedberg plate note. Lot 25016.

To read the complete lot description, see:
United States - Act of March 4, 1814 $100 5-2/5%Treasury Note. Hessler X74C, Fr. TN-6. Double-Signature Remainder.(https://currency.ha.com/itm/war-of-1812/united-states-act-of-march-4-1814-100-5-2-5-treasury-note-hessler-x74c-fr-tn-6-double-signature-remainder-pmg-choice/a/3575-25016.s)

Act of December 26, 1814 $20 5-2/5% Treasury Note. Hessler X80A, Fr. TN-9p. Proof.PMG Choice Uncirculated 63

The first War of 1812 $20 treasury note. This is one of several important proofs from thecollection. Its prestigious pedigree includes Joel Anderson and it is plated in two references. Lot25017.

To read the complete lot description, see:
United States - Act of December 26, 1814 $20 5-2/5% Treasury Note. Hessler X80A, Fr. TN-9p. Proof.(https://currency.ha.com/itm/war-of-1812/united-states-act-of-december-26-1814-20-5-2-5-treasury-note-hessler-x80a-fr-tn-9p-proof-pmg-choice-uncirculated-63/a/3575-25017.s)

Act of February 24, 1815 $50 Treasury Note. Hessler X83E, Fr. TN-11p. Proof. PMG GemUncirculated 65 EPQ

The Federal-style eagles engraved for the issue were highly crafted by Murray, Draper, Fairman& Co. This proof has been off the market since 2000 and is one of three known. Lot 25027.

To read the complete lot description, see:
United States - Act of February 24, 1815 $50 Treasury Note. Hessler X83E, Fr. TN-11p. Proof.(https://currency.ha.com/itm/war-of-1812/united-states-act-of-february-24-1815-50-treasury-note-hessler-x83e-fr-tn-11p-proof-pmg-gem-uncirculated-65-epq/a/3575-25027.s)

United States - Act of February 24, 1815 $3 Treasury Note. Hessler X83A, Fr. TN-16b.Triple-Signature Fully Issued. PMG Very Fine 25.

This fully issued $3 note, signed by Joseph Nourse as register, is a landmark piece hailing backto F.C.C. Boyd's collection. It was last auctioned 15 years ago. Lot 25034.

To read the complete lot description, see:
United States - Act of February 24, 1815 $3 Treasury Note. Hessler X83A, Fr. TN-16b. Triple-Signature Fully Issued.(https://currency.ha.com/itm/war-of-1812/united-states-act-of-february-24-1815-3-treasury-note-hessler-x83a-fr-tn-16b-triple-signature-fully-issued-pmg-very-f/a/3575-25034.s)

To read the earlier E-Sylum articles, see:
COLTRANE COLLECTION SELECTIONS PART 1(https://www.coinbooks.org/v23/esylum_v23n41a22.html)
COLTRANE COLLECTION SELECTIONS: BACK DESIGNS(https://www.coinbooks.org/v23/esylum_v23n42a25.html)