Description

    Rare Issued Bank of Hastings $1 Note

    Hastings, MN - Bank of Hastings $1 Oct. 1, 1863 MN-40 G2a, Hewitt B160-D1b. PCGS Fine 15 Apparent.
    As we discussed in the Newman Part VI sale catalog, most fully signed and issued notes from Minnesota are classified rare to very rare. Owning just a few different types places you in the advanced Minnesota note collector community. A vast majority of the issued notes were redeemed by the banks, cancelled and properly destroyed. Even the scant few that might remain after the banks closed would have been redeemed at the State Auditor's office with designated funds (this bank's notes were redeemed at par). The State Auditor's office would officially destroy remainder unissued sheets and record those events. The well-engraved Bank of Hastings issued notes are not impossible to encounter, but still rare. This note was engraved and printed by the American Bank Note Co., N.Y. with a green face protector ONE. The vignette under the curving title shows a riverboat gliding along, with other boats in the background. Combination textual/numerical counters are in the upper corners. At lower left, a man pats a happy dog. A serene farmwoman with grain and a sickle is at lower right. The 2006 census showed the population at a firm dozen, all issued notes and no proofs, with this note among them. There are five $1 notes, but there might be a few others that are unreported. Noted with "Small Repair at Bottom Left." The $2 issued note from the Newman Part VI sale realized $3,055 graded PCGS Very Fine 20 Apparent. This is a bright, very attractive example.
    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: 8
    Lot Tracking Activity: N/A
    Page Views: 236

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    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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