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    Description

    Precision Engraved and Colorful Golconda Proof

    Golconda, IL - Metropolitan Bank $5 October 1, 1860 IL-315 G8a. Proof. PCGS Very Choice New 64 Apparent.
    Engraved with superb precision and color, this National Banknote Company imprint India paper proof on new cardstock is very rare. The National Bank Note Company color proofs have traditionally been among the most desirable Obsoletes due to their glorious appearance. Thus several Illinois banks favored using this firm over its competitor, the more established American Banknote Company. Dominant full orange tint across the note with repeating lathe pattern, full frame with imprint, and large "5" protector. Right of center, a ship under full sail is seen nearly head-on. At upper left is a girl's portrait; at lower right, the Illinois Auditor's Office seal. Known to us as a proof and unissued remainder, this is one of two or three proofs we have encountered over three decades of cataloging Obsolete notes. This is the only available example. Noted Hole Punch Cancelled, as made, through the India paper only. The Apparent designation, due to "Minor Stain at Bottom Left" is noted for accuracy.

    Ex: Eric P. Newman Numismatic Education Society.


    View all of [Selections From The Eric. P. Newman Collection, Part VI a. ]

    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: N/A
    Page Views: 987

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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