||La Crescent, MN - La Crescent Bank $1 July 16, 1859 MN-55 G2. Hewitt B220-D1. Proof. PCGS Gem New 65PPQ. The La Crescent bank never opened. Daniel Wells, Jr. from Milwaukee made the proper filings in June 1859, and authorization for the American Bank Note Company to engrave the $1-$1 configured plate came rapidly enough to print India paper proofs. However, the 12,500 impressions ordered never were printed and only the two proofs in the Newman collection and the falsely signed proof illustrated in Haxby (not available, in an institutional location) are on the census. This glorious Gem India paper proof is the first ever offered at auction. It is beautifully designed and Hole Punch Cancelled as made. In the center, a standing mother gazes into the distance as a young boy beside her beckons. The symmetrical layout has tall, intricately engraved "1" numeral devices with small "1" counters inside nearer the vignette. This is a tremendous opportunity to bid upon one of the elite proof Obsoletes from Minnesota. Ex: Eric P. Newman Numismatic Education Society.
Realized $7,050.00. Newman VI (Heritage Auctions, 4/2015), lot 19152. Description courtesy of Heritage Auctions.