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    St. Croix Valley Bank $10 Proof with Ill-fated Steamboat Eolian Vignette

    St. Croix, WI - St. Croix Valley Bank $10 July 1, 1857 WI-715 G4. Proof. PCGS Gem New 66PPQ.
    This is the bottom of the outstanding two-subject sheet by Wellstood, Hay & Whiting, New-York. A Gem example of the highest rarity and style. Additionally, we believe the historically significant central vignette is unique to this note. Across the note is a light orange pattern tint of micro-lettered TEN with an outlined large protector TEN in white and a deep vermillion upper left counter. At the top center, over the title, is the Mississippi River steamboat Eolian, with people strolling on deck and the far shore in view. Smoke and steam rise from her stacks as she sails along Lake Pepin. At the lower left is an ornate "X" device with seated milkmaid at its left and a cow to its right. The precariously balanced Indian at lower right is about to spear fish in a stream. Hole Punch Cancelled as made. This is one of the most interesting Wellstood proofs we have encountered. The steamboat Eolian traveled the St. Croix River route before being purchased in 1858 by William F. Davidson, an expanding steamboat operator despite financial repercussions from the Panic of 1857. The Eiolian was a fast, light draft boat and operated on the upper Mississippi on the St. Paul route. The Eiolian and four passengers met a tragic end in the spring of 1859 when on the season's first run to St. Paul it was struck by ice and sank (Steamboat Pioneer The Early Career of William F. Davidson by Robert C. Toole, published by the Minnesota Historical Society). This is a fascinating vignette of a disaster involving an actual steamboat, rather than a generic representative as normally seen. The steamer vignette was engraved before the accident and reflected the economy of the St. Croix Valley and River. The only example available to collectors, it has the added appeal of the history of the mighty Mississippi.

    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: 11
    Lot Tracking Activity: N/A
    Page Views: 261

    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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