||Austin, MN - Bank of Austin $5 18__ MN-5 G8 Hewitt B020-D5b. Proof. PCGS Gem New 66 PPQ. The second denomination printed on the two subject sheets authorized by the Auditor's Department and the Hewitt plate note. This is a unique example as a proof and a Gem. It is another beautiful American Bank Note Company India paper proof using elegant vignettes and intricate lathe work. At the top center is seated Agriculture with a plow and sheaf. The ends have ornate counters and flourishes using the Cyrus Durand patented devices. At the bottom center, there is a red protector FIVE. In the same Stack's Bowers sale, lot 7205, an archival remainder realized $7,762 after spirited competition. Like the $3 denomination, Hole Punch Cancelled as made. Broadly margined and perfectly centered, this is a Gem bordering on Superb. Exceptional quality combines with the highest proof note rarity. Ex: Eric P. Newman Numismatic Education Society.
Realized $7,637.50. Newman VI (Heritage Auctions, 4/2015), lot 19138. Description courtesy of Heritage Auctions.