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    Gem Bank of Chatfield $1 Proof-Unique on the Hewitt Census

    Chatfield, MN - Bank of Chatfield $1 18__ MN-20 G2 UNL Hewitt B080-D1a. Proof. PCGS Gem New 65PPQ.
    The Bank of Chatfield is a very scarce bank, but of the seventeen notes confirmed in the 2006 census, five were issued notes and eight were remainders with red protectors. There were only four proofs known and they are the examples surveyed in the Newman collection. The bank ordered a plate with four denominations, $1-$2-$3-$5, but they had the American Bank Note Company print them in a staggered fashion (that is, some with all four denominations, then $1-$2-$3, and finally just $1-$2) in order to add up to their authorization of $49,000 in notes. This India paper proof is beautifully designed. There is no protector plate used like on the issued notes and remainders observed. At the center is a man grooming a bay horse with an adjacent roan waiting his turn. The bottom left corner has a young boy and the lower right, a young girl. The Hewitt plate note and reported as unique, this is the only $1 proof from the bank of any variant. This is Hole Punch Cancelled as made and a beautifully margined Gem.

    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: 12
    Lot Tracking Activity: N/A
    Page Views: 262

    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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