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Lot
15705

New York, NY- Knickerbocker Bank of the City of New York $2 G4a Proof. ...

2012 January Signature FUN Currency Auction #3516

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Auction Ended On: Jan 5, 2012
Item Activity: 4 Internet/mail/phone bidders
2,680 page views
Location: Orange County Convention Center
North/South Building
9899 Universal Blvd.
Hall SB - South Building
Orlando, FL 32819

Description:
One of Three Known
New York, NY- Knickerbocker Bank of the City of New York $2 G4a Proof
A short-lived bank that only operated from 1851 until failing in 1854, with all of the notes from this bank listed as SENC, Surviving Example Not Confirmed, in the Haxby reference, although at least one note has surfaced since that time. When the bank failed, redemption was available at the North River Bank. This $2 Proof is from the American Bank Note Company archives sale. The Santa Claus vignette Durand has identified as Santa Type VI is seen at lower right. The vignette is found solely on the $2 notes from this bank. Santa is depicted sitting in a chair by the fire smoking a pipe and is holding a doll in one hand. A sack on his back has toys protruding from it. This rendition of Santa portrays him as thin, indeed, almost scrawny. The Proof has been mounted on cardstock and has four small POCs at the signature lines. PCGS assigned a grade of Very Choice New 64PPQ. The imprint is Baldwin, Adams & Co. New York on this piece and the engraver was George D. Baldwin. Only three examples are reported bearing the Type VI Santa vignette, with all three from this bank. A signed and issued example grading Fine 15 recently sold at auction for $40,250, indicating the importance of this note to collectors, who can not complete a set by vignette type without obtaining one of the three examples extant of this note. Any estimate here of this spectacular Proof is simply a guess, but it would come as no surprise to see the hammer fall well into the range of...
From The Roger H. Durand Santa Claus Collection

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