Rare First Title Bank of Red Wing $2 ProofRed Wing, MN - Bank of Red Wing (1st) $2 18__ MN-105 G4a Hewitt B500-D2b. Proof. PCGS Very Choice New 64PPQ.
The Bank of Red Wing is an interesting institution using the same American Bank Note Company engraved $1-$2-$3-$5 plate, but to print two separate series of notes. The first bank's notes used red protectors with blank backs and the second bank used green protectors and an additional green security back. All the issued notes from the bank were redeemed at par when presented, and that second bank likely redeemed notes from the first title, explaining their great rarity (one $2 issued note was reported from the first bank). This is a very choice India paper proof and, like so many of those offered here, is the Hewitt plate note. At the left is an Indian holding a long spear while riding a white horse, and at right is a pastoral scene showing a seated woman tending calves. The vibrant numeral "2" protector is at the left, between the vignettes. This is Hole Punch Cancelled as made. There are fifteen proofs from the bank listed in the census, but it is not clear exactly how many are available to collectors; also, that number includes proofs without any protector. There are three proofs of this type reported, but perhaps it is the only example obtainable and it is in excellent condition.
Ex: Eric P. Newman Numismatic Education Society.
View all of [Selections From The Eric. P. Newman Collection, Part VI a. ]
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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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