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One of Three Type IV Santa Claus Notes Reported to Date

Milwaukee, WI- Bank of Milwaukee $5 Jan. 2, 1855 G6d Proof Krause G6d
There are a number of varieties of these notes. This Proof includes the red FIVE overprint, the TC imprint and ABNCo. monogram, and capital listed in the amount of $300,000. The Santa Type IV is found on these notes and these notes only as mentioned in Durand's article, "Jolly Old St. Nick on Notes" on page 27 of the December 2009 issue of The Numismatist. This is one of only two reported examples with the red FIVE protector, with one example known lacking the red overprint. The three examples make up the entire census of Type IV Santa notes. The Durand collection is one of only two to have a complete set of Santa notes by type (excluding the unknown Type VII, which may or may not exist). The second set is owned by a well known Florida couple long active in numismatics. The vignette features Santa on the verge of leaving a doll for two girls sleeping in a nearby bed. Eight POCs are noticed on this example graded Apparent Choice About New 58 by PCGS with minor mounting remnants on the back listed as the reason for the apparent grade. The mounting remnants are truly trivial, and the note is a lovely piece with a vividly colored protector and stunning eye appeal. These notes were issues of the second incarnation of the Bank of Milwaukee, in business from 1855 until April 1865, when it then became the National Exchange Bank of Milwaukee, charter number 1003.
From The Roger H. Durand Santa Claus Collection

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Auction Dates
January, 2012
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