Skip to main content
Go to accessibility notice


    Stunning and Unique Color Tinted Taylors Falls $5 Proof

    Taylors Falls, MN - Chisago County Bank $5 MN-190 G6a Hewitt B840-D5. Proof. PCGS Gem New 66PPQ.
    This bank's notes are only scarce, especially when compared to most of the rare to exceedingly rare banknotes from the state. However, this is a unique full red color proof engraved and printed by the American Bank Note Company on India paper only; the first time ever offered for sale. The bank issued notes for only a few months with the sole purpose of being the intermediary in speculative railroad bond issues. The failure of the bank resulted in notes eventually being redeemed for less than 20 cents on the dollar due to a catastrophic drop in value of the bond collateral kept with the State. Most of the issued notes listed on the 2006 census, 39 at that time, are $1 and $2 black and white notes printed from the "lesser denomination" plate. The $5-$10 plate's notes are much rarer than those, and the color proof pair in this sale contains the only examples reported and known. The deep red lace color tint sweeping across the note boldly reaches the center with dual white outlined "5" numerical protectors. At the top center is an Indian bow hunter on horseback pursuing a bison at close range, a stunning image. At the lower left is a seated allegorical female in an ornate "V" as adapted from Wellstood. At the lower right is a young girl. Hole Punch Cancelled is a technical point of manufacture and not a detriment for this Gem. This is an energetic vignette type using marvelous color tint to its fullest advantage. Though there are several $5 issued notes reported, many are in lesser condition and most seem rather strongly held. This proof is the only one reported. Visually impressive is an understatement: a Gem and virtually perfect.

    Ex: Eric P. Newman Numismatic Education Society.

    View all of [Selections From The Eric. P. Newman Collection, Part VI a. ]

    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 17
    Lot Tracking Activity: N/A
    Page Views: 332

    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.
    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 4 days left to consign to the 2019 August 13 - 20 ANA World's Fair of Money World Currency Signature Auction - Chicago!

    Learn about consigning with us

    I think heritage is the best auction house and has the best service - that’s why I use you. 
    Sara B.,
    Dubai, UAE
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search

    Recent auctions

    2019 April 25 - 29 Central States World Currency Signature Auction - Chicago
    2019 April 25 - 29 Central States World Currency Signature Auction - Chicago
    REALIZED $1,965,334