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    Extremely Rare and Uniquely Vignetted Hope Bank of Albany $2 Color Proof

    Albany, NY - Hope Bank of Albany $2 186_ NY-65 G4a SENC. Proof. PCGS Choice About New 58.
    The Newman New York Obsolete notes feature many great rarities and unusual vignettes. They are representative of many of the state's very diverse currency. More Obsoletes, banknotes and scrip are found in New York than in any other state. The field is limitless, and notes from this auction and future Newman currency sales will doubtless yield many exciting discoveries. The Hope Bank of Albany is an all SENC bank in Haxby and, until the Gordon Harris Albany notes were auctioned, we had not seen this National Bank Note Company engraved and printed series. (Harris owned a full proof sheet, $1-$1-$2-$5, India paper on cardstock, initially sold at the CAA 2000 FUN sale and later in Schingoethe Part 5 by Smythe.) The $2 India paper proof mounted on original cardstock from the series has a unique vignette seen only on this type, and this is one of just two known to us. At the left are workers tending to a sawmill (as described in Gwynne & Day and Wismer), the vignette fitting neatly under the front of the title above. The NBN orange color tint plate is impressive, with the far left, legally required New York bank seal bracketed between "2" color counters; protector TWO; a fine micro-lathe pattern at the far right; and large counter die with white outlined "2" at the upper right. The proof is Hole Punch Cancelled as normal, through the card, and as made. We know of one issued note from the Hope Bank, sold by us in January 2002 for $1,380 and graded Fine (but with visible surface stains). The $5 proof from the Harris-Schingoethe sheet was sold in the 52 Collection Part I sale in June 2010 for $4,312.50. Strong demand for the most unusual and very rare color proofs seems unabated.

    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: 15
    Lot Tracking Activity: N/A
    Page Views: 296

    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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