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    Very Choice Stearns County Bank $5 Proof

    St. Cloud, MN - Stearns County Bank $5 July 5, 1859 MN-120 G8, Hewitt B620-D5a. Proof. PCGS Very Choice New 64.
    This very rare bank never opened. Only nine proofs and a sole unissued remainder are listed on the 2006 census, including the four proof denominations from the Newman Collection, three of which we sold in the April 2015 Newman Part VI sale. The State Auditor authorized the American Bank Note Company to engrave a $1-$2-$3-$5 plate and print 2,000 impressions, a relatively small run compared to some other banks. This India paper proof is mounted on original cardstock and is the Hewitt plate note. Beneath the arced denomination and above the bank title is a tranquil scene. The man on horseback appears to have just lit his pipe. The other, hat in hand, appears weary as he sits on the fence. The scratching dog adds a little levity. Numeric counters on lathe work are in the upper corners, with "5" counters adjacent. The lower corners show oval portraits of young women. The rare offerings of Newman Collection proofs are important events. The Schingoethe Collection sales (a decade or so ago) included two proof denominations from this series, both plated in Hewitt's reference. There are two proof examples reported, and this is possibly the finest: a gorgeous impression from this beautifully executed plate and extremely rare. Noted as "Hole Punch Cancelled" and "Mounted on Cardstock" as made; also the Hewitt plate note. The Stearns County Bank denominations ($1, $2, and $3) from the Newman proof sheet realized $4,935, $5,640 and $4,700 respectively. This is the final proof cataloged for sale and is a very choice example.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Bids + Registered Phone Bidders: 10
    Lot Tracking Activity: N/A
    Page Views: 191

    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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