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    Minneapolis Bank $1 Face Proof-Only Reported Example

    Minneapolis, MN - Minneapolis Bank $1 March 1, 1864 MN-80 G2 UNL Hewitt B340-D1a. Face Proof. PCGS Very Choice New 64 Apparent.
    The impressive quartet of Minneapolis Bank proofs and issued notes within this section provides collectors with an exceptional opportunity. This important big city bank became the First National Bank of Minneapolis (charter #710) on June 1, 1865. The bank and its successor redeemed the issued notes at par, and only $660 was recorded as unredeemed in 1870. The bank ordered a $1-$2-$5-$10 face plate from the American Bank Note Company and paired it with a stock security back plate. They only issued $40,000 in notes, showing relative restraint compared to some of the frontier banks. This India paper face proof mounted on original cardstock, without green protector, is the only example reported (though the series and type is known as "Proprietary Modern Proof" made for production studies by the ABN) and was printed in 1864. The dynamic design shows a wide and exciting river rafting scene at the top center. At the lower left is a hound's head and at lower right is a seated woman wearing a hat and holding a small scythe. A very bold proof and though Apparent, this is only for some scattered, very "Minor Foxing." Also, Hole Punch Cancelled in the India paper only and not through the card noted. A major rarity, dynamically engraved with a beautiful period river scene.

    Ex: Eric P. Newman Numismatic Education Society.

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

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    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 180

    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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