Description

    New Ulm, MN - Central Bank $2 18?? MN-90 G4a, Hewitt B380-D2b. PCGS Good 6 Apparent.
    The bank is very rare, and less than ten issued notes of all denominations are on the census. The opportunity to obtain an issued $2 may never return. The only four proofs from New Ulm sold for impressive prices in the April 2015 Newman Part VI sale. The layout and vignette details are quintessential Wellstood imprint styles. At the center, a steamboat heads down river with dark smoke coming from the stacks. In the bottom corners are an interesting paired set of seated female vignettes facing across the note. At the left is a Native American huntress and across, facing, an allegorical representation of History. The upper corners have matching "2" dies and ornate filigree. At bottom center is a red protector TWO. This is one of five issued notes of the type on the census. We sold a better, but not by that much, issued example last year for $1,057.50. Grading notes that this $2 is "Backed; Tape Repaired," but it is very collectible, despite a faded date and the listed faults.
    Ex: Eric P. Newman Numismatic Education Society.


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    Auction Info

    Auction Dates
    May, 2016
    4th Wednesday
    Internet/Mail Bids: 4
    Lot Tracking Activity: N/A
    Page Views: 201

    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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