||Minneapolis, MN - Minneapolis Bank $1 March 1, 1864 MN-80 G2 UNL Hewitt B340-D1a. Face Proof. PCGS Very Choice New 64 Apparent. The impressive quartet of Minneapolis Bank proofs and issued notes within this section provides collectors with an exceptional opportunity. This important big city bank became the First National Bank of Minneapolis (charter #710) on June 1, 1865. The bank and its successor redeemed the issued notes at par, and only $660 was recorded as unredeemed in 1870. The bank ordered a $1-$2-$5-$10 face plate from the American Bank Note Company and paired it with a stock security back plate. They only issued $40,000 in notes, showing relative restraint compared to some of the frontier banks. This India paper face proof mounted on original cardstock, without green protector, is the only example reported (though the series and type is known as "Proprietary Modern Proof" made for production studies by the ABN) and was printed in 1864. The dynamic design shows a wide and exciting river rafting scene at the top center. At the lower left is a hound's head and at lower right is a seated woman wearing a hat and holding a small scythe. A very bold proof and though Apparent, this is only for some scattered, very "Minor Foxing." Also, Hole Punch Cancelled in the India paper only and not through the card noted. A major rarity, dynamically engraved with a beautiful period river scene. Ex: Eric P. Newman Numismatic Education Society.
Realized $4,935.00. Newman VI (Heritage Auctions, 4/2015), lot 19155. Description courtesy of Heritage Auctions.