1854 $5 The Farmers' and Merchants' Bank note from Memphis, Tennessee.

This note features a beautiful anti-raising Vignette above the title that includes five Type 1 gold dollars on their edge as well as 5 human figures that all represent the $5 denomination. 

On the far left is a bare-breasted Indian princess and on the far right is a frontiersmen with a rifle. In between are three Cherubs with allegorical symbols in hand (Likely representing the Roman Gods Vulcan, the God of Forge and Fire, Mercury, the God of Gain, Commerce, and Communication, and Ceres, Goddess of the Harvest). 

This note grades Very Fine+ with 5 pinholes. 

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