Description

    Immaculate and Extremely Rare State Bank of Minnesota at Austin Proof

    Austin, MN - State Bank of Minnesota (1st) $2 October 5, 1858 MN-10 G4 Hewitt B040-2a. Proof. PCGS Superb Gem New 67PPQ.
    This is a rare bank title and the initial, rarer location of two (Minneapolis was the successor, 2nd title). The plate was initially engraved for this Austin location by the American Bank Note Company using a $1-$2-$5-$5 denomination structure. That plate's configuration and vignettes were maintained and re-engraved with the Minneapolis location for their 1862 State Auditor authorized notes (Hewitt-B360 series). This $2 note, and the following $5 proof, are both immaculate, each PCGS Superb Gem New 67PPQ India paper proofs mounted on original cardstock. The top center has a pair of horses feeding while two men open grain bags. At the lower left is seated Agriculture, designed with American realism in contrast to the earlier Greco-Roman allegorical style. An elk is at the lower right. A pair of proofs was enumerated in the 2006 census; this Hewitt plate note was one and, without a doubt in our mind, is the finest. Like virtually all Obsolete banknote proofs, this is Holed Punch Cancelled as made and noted on the encapsulation. A fabulous proof that is absolutely stunning.

    Ex: Eric P. Newman Numismatic Education Society.


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

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    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 312

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    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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