Description

    Superb Gem Winona County Bank $1 Proof

    Winona, MN - Winona County Bank $1 Nov. 1, 1858 MN-205 G2a, Hewitt B940-D1-2b. Proof. PCGS Superb Gem New 67 PPQ.
    The Winona County Bank, among the four soundest in the state, redeemed all its notes at par. Founder A. W. Webster was instrumental in the formation of the United National Bank of Winona (Charter #1643) in 1865, a successor that would have continued its par redemption of their notes. It is interesting to note from the census a relatively ample supply of proofs of all denominations printed from the American Bank Note Company engraved $1-$1-$2-$3 plate. However, there are only five issued notes in that census, proving the bank's soundness and integrity for redeeming notes. The vignettes are Bald, Cousland & Co. style, as ordered by the bank. At the top, steamboats make their way toward the port; their reflections are clearly visible in the calm water in this masterful engraving. At the lower left are two Native American hunters overlooking an industrialized vista. At lower right is a portrait of Florence Nightingale. Notice it has an engraved blue serial number "87625" for demonstration purposes. There were six $1 proofs listed in 2006, but this India paper proof mounted on original cardstock is tied for finest known and is on par with the other $1 proof we sold in Newman Part VI for $2,350. Noted as "Hole Punch Cancelled" and "Mounted on Cardstock." This "A" position proof is a Superb Gem with impeccable style.
    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: 8
    Lot Tracking Activity: N/A
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    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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