Description

    Choice Owatonna Bank $5 Proof

    Owatonna, MN - Bank of Owatonna $5 18__ MN-100 G2, Hewitt B460-D5. Proof. PCGS Very Choice New 64.
    The Bank of Owatonna's lack of banking success yields ample notes for today's collectors, both as proofs and issued bills. It took less than a year for the bank to refuse its circulation, eventually leading the State Auditor's office to pay less than 21 cents on the dollar for leftover bills. A beautiful $5-$5-$5-$10 plate was prepared by the American Bank Note Company for the series with an additional imprint of Jocelyn, Draper, Welsh & Co. (or JDW). A choice India paper proof mounted on original cardstock, this "C" position is certainly an example of the eight proofs listed in the 2006 census. Attractively designed from the JDW vignette catalog, a rather jaunty looking lumberman stands casually next to the tree he has just felled. Numeric counters are in the upper corners. Oval vignettes of children and animals are in the lower corners: at left, a girl holding a hen and chicks; at the lower right is Child with Rabbits, adapted from the art of Solomon Nunes Carvalho. The artist was a Sephardic Jew from Charleston who traveled on the fifth John C. Fremont Western expedition and spent time with the Mormons, including Brigham Young. Noted as "Hole Punch Cancelled" and "Mounted on Cardstock" as made. An identical grade example in Newman Part VI realized $1,116. Gorgeous style and high quality.
    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: 6
    Lot Tracking Activity: N/A
    Page Views: 153

    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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