||Garden City, MN - Farmers Bank (1st) $1 October 10, 1858 MN-30 G2 Hewitt B120-D1. Proof. PCGS Gem New 65PPQ. This is a scarce first bank location (the others were Mankato and Shakopee) with a comparatively generous note population for a Minnesota bank. In 2006, the census showed seventeen notes total with the majority observed proofs. Issued notes from the bank are extremely rare. There are three $1 proofs cited, and this is a candidate for the finest. This is a boldly inked and printed India paper proof mounted on original cardstock by the American Bank Note Company. This was imaged in June 2004, while Shawn Hewitt and Gil Sem visited St. Louis, and used as the Hewitt plate note. The layout is unusual and delightful. The title is far to the left and curved. Underneath the title are corner vignette of sheep and a standing woman feeding chickens. At the right, is a splendid eagle, and at the bottom right is a farmer holding cornstalks. This is a top-flight, Gem proof with only Hole Punch Cancelled noted, and as made. An appealing and attractive series and type. Ex: Eric P. Newman Numismatic Education Society.
Realized $6,168.75. Newman VI (Heritage Auctions, 4/2015), lot 19144. Description courtesy of Heritage Auctions.