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    Description

    Glencoe, MN- Exchange Bank $2 Oct. 5, 1858 G4 Hewitt B140-D2a Proof PMG Choice Uncirculated 63.
    The Exchange Bank was organized in 1858 and was suspended the following year when the dubious nature of the bank's underlying securities became known. The bank was wound up with the state redeeming notes at 21.25¢ on the dollar. The $2 design features a very realistic vignette of a mother bear defending her two cubs from two Native American hunters on horseback. It is flanked by the portrait of a girl at lower left and a vignette of a hunting dog guarding the results of a hunt. The note is printed on India paper mounted on cardstock with the usual POCs in the signature lines and some minor stains. The Hewitt census lists three surviving proofs of this variety.
    From the Michael S. Tallent Collection


    View all of [The Michael S. Tallent Collection ]

    Auction Info

    Auction Dates
    October, 2021
    6th-8th Wednesday-Friday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
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