||Wilmington, DE - Bank of Delaware $50 18__ DE-70 G158. Proof. PCGS Choice New 63 Apparent. A superb, and very rare style, whaling-vignetted India paper proof engraved by Underwood, Bald, Spencer & Hufty. This is one of only two proofs known of the type, along with an unverified note, not issued, and unplated in Haxby. At top center, the harpooner in a small, six-man boat is about to strike the whale; three whaling ships sail in the background. Female medallion heads with diagonal FIFTY on one, and "50" on the other. Identical end panels show a perpendicular FIFTY on shaded lathe work. The bottom center shows an early train. This whaling vignette was used for very few banks (particularly when compared to the Garneray-influenced scene used on the Stonington Bank, CT $2 remainders). The other example we have verified was part of lot 161 from the September 1990 American Company Banknote sale. That sole example from the archives was strongly held for many years; it eventually became part of The 52 Collection Part II sale where it sold as lot 3435 in January 2011 for $9,200. A magnificent showpiece with a classic American 1830s period vignette. Hole Punch Cancelled; the Apparent designation is due to a "Small Edge Tear at Bottom Left." Those considerations are meaningless when pondering the grandeur of this museum-caliber Obsolete example. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,880.00. Newman VI (Heritage Auctions, 4/2015), lot 19028. Description courtesy of Heritage Auctions.