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    Extremely Rare Farmers Bank Issued $2 Note

    Garden City, MN - Farmers Bank (1st) $2 October 10, 1858 MN-30 G4, Hewitt B120-D2-3. PCGS Fine 15 Apparent.
    This is a scarce first bank location (the others were Mankato and Shakopee), with a comparatively generous note population for a Minnesota bank. In 2006, the census showed seventeen notes total, with the majority observed proofs. Issued notes from the bank are extremely rare. A beautifully styled plate was ordered from the American Bank Note Company to print this series. To the left and right of the curved title are "2" counters on lathe work backgrounds. Next to each, toward the edge of the note, a cherub is cupped into a cartouche. At the bottom left, a man smokes a pipe as he sits on his horse; the other man, hat in hand, rests on a fence. The scene at bottom right shows boys trying to subdue a wild horse that appears to have thrown or knocked down the man lying on the ground. There apparently were three issued notes known in 2006. Noted with "Hinge Remnants on Back; Pinholes." The note has much paper body, is nicely margined, and should be considered a choice example of an issued note from a rare Minnesota bank.
    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: 163

    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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