Description

    Gem Farmers Bank, Garden City $5 Proof

    Garden City, MN - Farmers Bank (1st) $5 October 10, 1858 MN-30 G8, Hewitt B120-D5. Proof. PCGS Gem New 65 PPQ.
    This is a scarce bank and the Newman Collection proofs are superb examples. There are three $5 proofs cited in the census, and this is a candidate for the finest. It is a boldly inked and printed India paper proof mounted on original cardstock by the American Bank Note Company. Like so many of the Minnesota proofs, this was imaged in June 2004, while Shawn Hewitt and Gil Sem visited St. Louis, and used as the Hewitt plate note. A wide scene of cattle in and around the water is above the title. Lathe work "5" counters in the top corners have a flower motif within and floral sprays around. At the lower corners are somber portraits of children, with the boy at left and the girl at right. Noted as "Hole Punch Cancelled" and "Mounted on Cardstock" as made. The first three proof denominations ($1, $2, and $3) from this sheet sold in Newman Part VI for $6,169 $6,463, and $6,473. This Hewitt plate note Gem is the final example from the set available and represents an important opportunity.
    Ex: Eric P. Newman Numismatic Education Society


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    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 305

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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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