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    Exceedingly Rare La Crescent Bank $1 Proof - Minnesota Issuer Never Offered Publicly

    La Crescent, MN - La Crescent Bank $1 July 16, 1859 MN-55 G2. Hewitt B220-D1. Proof. PCGS Gem New 65PPQ.
    The La Crescent bank never opened. Daniel Wells, Jr. from Milwaukee made the proper filings in June 1859, and authorization for the American Bank Note Company to engrave the $1-$1 configured plate came rapidly enough to print India paper proofs. However, the 12,500 impressions ordered never were printed and only the two proofs in the Newman collection and the falsely signed proof illustrated in Haxby (not available, in an institutional location) are on the census. This glorious Gem India paper proof is the first ever offered at auction. It is beautifully designed and Hole Punch Cancelled as made. In the center, a standing mother gazes into the distance as a young boy beside her beckons. The symmetrical layout has tall, intricately engraved "1" numeral devices with small "1" counters inside nearer the vignette. This is a tremendous opportunity to bid upon one of the elite proof Obsoletes from Minnesota.

    Ex: Eric P. Newman Numismatic Education Society.

    View all of [Selections From The Eric. P. Newman Collection, Part VI a. ]

    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 207

    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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