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Lot 19147

Image Information

Type Currency
Title Lot 19147
Country U.S.
Grade Very Fine 20
Service PCGS
Description Hastings, MN - Bank of Hastings $2 Oct. 1, 1863 MN-40 G4a Hewitt B160-D2b. PCGS Very Fine 20 Apparent. Most fully signed and issued notes from Minnesota are classified rare to very rare. Owning just a few different types places you in the advanced Minnesota note collector community. A vast majority of the issued notes were redeemed by the banks, cancelled and properly destroyed. Even the scant few that might remain after the banks closed would have been redeemed at the State Auditor's office with designated funds (this bank's notes were redeemed at par). The State Auditor's office would officially destroy remainder unissued sheets and record those events. The well-engraved Bank of Hastings issued notes are not impossible to encounter. This note was engraved and printed by the American Bank Note Co. N.Y. with a green face protector TWO. The title is at center with a dog's head at top between flanking "2" numeral counters. At the far left is an American style allegory of Agriculture and at the far right, a train traveling down a hill. The 2006 census showed the population at a firm dozen, all issued notes and no proofs, with this note among them. There are six $2 notes, but it is difficult to ascertain how many are available to collectors since the rare Minnesota notes rarely trade hands publicly and are strongly held. The Western Reserve Historical Society collection note, the Haxby plate note (now the Hewitt plate note and Hewitt collection example), was auctioned in 1996 for $990 and should provide some perspective of present day value. The face of the note is vivid and clean, but we note the Apparent designation is for "Minor Mounting Remnants on Back." A beautiful example and, thankfully, saved for today's collectors' enjoyment instead of redeemed at par value in 1865. Ex: Eric P. Newman Numismatic Education Society. Realized $3,055.00. Newman VI (Heritage Auctions, 4/2015), lot 19147. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part VI
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