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    Superb Gem New Austin, Minnesota $5 Proof

    Austin, MN - State Bank of Minnesota (1st) $5 October 5, 1858 MN-10 G6, Hewitt B040-D5a. Proof. PCGS Superb Gem New 67 PPQ.
    A second denomination from this rare first bank series from Austin, and also a Superb Gem India paper proof mounted on its original cardstock by the American Bank Note Company. This is the "B" position of two $5 notes that were engraved on the plate. The bucolic farm vignette shows a barefoot milkmaid seated upon the grass. She gazes at the viewer as she holds a flower. Two cows ready for milking are nearby, and the farmhouse is in the background. Numerical counters are in the upper corners. Below left, in a decorative oval frame, a portrait of Henry Clay. At lower right, a young girl with ringlets. The Hewitt population reported three proofs known in 2006, but only one "B" position was seen when the Newman collection was surveyed in June 2004. Noted as "Hole Punch Cancelled and "Mounted on Cardstock" as made. The first example, sold in Newman Part VI and also graded PCGS Superb Gem New 67PPQ, realized $4,465. This is another stunner, nearly perfect with deepest black inking and excellent printing clarity.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 273

    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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