Description

    Exquisite Minneapolis Bank $2 Face Proof

    Minneapolis, MN - Minneapolis Bank $2 March 1, 1864 MN-80 UNL, Hewitt B340-D2a. Face Proof. PCGS Very Choice New 64 Apparent.
    The Newman collection contained a superb face proof sheet and two issued notes from this important big city bank that 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. In an oval frame, beneath the curving title and above the arced denomination is a rather whimsical vignette of a young girl playing dress-up with pearl necklaces. Numerical counters are on either side. In the upper corners are "2" counters on lathe work. Sir Edwin Landseer's Monarch of the Glen is at lower left; at lower right, a screaming eagle with wings upraised is upon a tor. A very bold proof and though Apparent, this is only for some scattered, very trivial foxing noted as "Minor Stains." The noted "Hole Punch Cancelled" is as made, in the India paper only, not through the card. A major rarity, exquisitely engraved with a trio of lovely American Bank Note Company vignettes.
    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: 9
    Lot Tracking Activity: N/A
    Page Views: 190

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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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