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    Description

    Bank Documentary Treasure Trove

    Winsted, CT- Winsted Bank $1 (2); $2; $5 (2); $10 18__ G2; G4; G8; G16; G18; G22 Proofs as well as period documentation
    This is a must-have grouping for the Connecticut collector or for the collector interested in the history of bank note printing in antebellum America. The Winsted Bank of Winsted, CT was organized in 1848 and continued in business for two decades until closing in 1868. This grouping documents the ordering of the bank's first series of notes in 1848-49. Two letters from Danforth & Hufty, addressed to the President of the bank, George Dudley, cover a wide range of details including the approval of proofs, selection of bank note paper, how many notes to print, and even opinions on who might make a good Cashier for the bank. Also included is the original wrapper that the proofs were sent in when they were transmitted to Dudley from New York. The letters are in pristine condition, literally as nice as the day they were written in 1849.

    The proofs themselves are all printed directly on cardstock and are in essentially the same condition as when they were made. Condition certainly averages Crisp Uncirculated or better. There is some very minor foxing and the G18 $5 has a short cut in the bottom margin through one of the POCs. Notes on this bank are rare with only one appearance of one of these first issue notes in our past auctions. While proofs of these notes did appear in the 1990 ABNCo Archives sale, the proofs offered here have provenance back to 1849 and the documentation to prove it.

    It is difficult to place a value on a grouping like this, but the numismatic and historical significance would seem to indicate that a price of at least $4,000 is about right. Your cataloger hopes that this group will be kept intact for future generations of collectors. (Total: 9 items)


    Auction Info

    Auction Dates
    September, 2018
    5th-11th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 2
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