||Roxbury, MA - Norfolk Bank $20 18__ MA-1060 G48a. Specimen. PCGS About New 53. This is a very rare bank and interesting note, like nearly all the Obsoletes in this first Newman currency sale. The note is printed on both sides and on bond paper, like a note prepared for issuance; but in this case it received punch hole cancels. This is more accurately described as a "Specimen" note and was sent to the bank as a sample, much as a proof note would be. This practice is observed in many New England banks. Many were archived later by the American Banknote Company (see our January 2003 Norman Pullen Collection sale catalog for several banks from Maine with archive Specimens like this), or were saved by the bank. The face of the note has the dual imprints of the New England Bank Note Company and Patent Stereotype Steel Plate. At the top center is a group of cows and sheep. The intricate panel ends each have portraits: Washington at the left and Franklin at the right. The red and brown colors are rich, and this style has the word BANK across the back. Both sides are very striking and lightly handled only. The Patent Congreve Check Plate back is spectacular printed as a Specimen. Ex: Eric P. Newman Numismatic Education Society.
Realized $2,820.00. Newman VI (Heritage Auctions, 4/2015), lot 19132. Description courtesy of Heritage Auctions.