The Final Ramsey County Bank Proof RaritySt. Paul, MN - Ramsey County Bank $5 Dec. 1, 1858 MN-150 G8a Hewitt B700-D5b. Proof. PCGS Choice New 63.
This is a final extremely rare proof denomination from a tremendous set. Engraved and printed at the American Bank Note Company on India paper proof only, for this bank that never opened. Beautifully crafted with mostly predecessor BC firm vignettes and die work. At the center is a hay wagon being loaded, under the arced title. At the lower left is Washington, and at the lower right is a charming young girl in a frilly dress. The red protector FIVE runs across the bottom center. This is Hole Punch Cancelled as prepared long ago at the ABN. To add some valuation perspective, the Treasurer of Ramsey County remainder notes known singly and in sheets have been handled by us numerous times over the past dozen years. Often individual, unissued notes flirt with or exceed $1,000 (2013 Long Beach Sale, $2 remainder PCGS Gem New 65PPQ at $1,162.50), and four-subject sheets surpass $4,000. These proofs are perhaps a hundred times rarer, and this is the first time the issuer has been at auction.
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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