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    Rare Fr. 4 $5 Cincinnati Demand Note Face Proof

    Fr. 4 $5 1861 Demand Note Hessler 242D Face Proof PMG About Uncirculated 50.
    Cincinnati is the rarest issued $5 Demand Note location with only seven examples on the census. This is an India paper face proof by the American Bank Note Co., New York with the imprint at the top center. Uniface proofs were essential in the production and approval process both within the engraving firm and for the client. This example originally came from the American Bank Note Company archives. A complete "C" position face plate proof with red "00000" serial numbers (similar to that used on a specimen note). There are several examples of this Fr. 4 face proof type known, including three that were formerly in the Art Kagin collection and sold in the 52 Collection Part II sale held in 2011. PMG notes "Tears," the longest of which is vertical and seen from the back along with rough right corners, and "Toning," as well as scattered foxing. There are four punch hole cancels as made. Mike acquired this from Don Kelly privately in June 2006. It is the example cited by Gene Hessler in his updated U. S. Essay, Proof and Specimen Notes (BNR Press, 2004). Ex: Christie's Important World Bank Notes and Artwork From the Archives of the American Bank Note Company, November 28-29, 1990, lot 1211 (realized $1,760).
    From The Mike Coltrane Collection.

    Auction Info

    Auction Dates
    June, 2021
    24th-25th Thursday-Friday
    Bids + Registered Phone Bidders: 27
    Lot Tracking Activity: N/A
    Page Views: 314

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