||New Ulm, MN - Central Bank $10 18__ MN-90 G8a Hewitt B380-D10b. Proof. PCGS Very Choice New 64. The $1 Central Bank proof from this exiting quartet certainly wins the Santa Claus vignette and theme accolades, but the $10 denomination here is unique in proof, and no issued notes are reported of the type. This is a beautifully crafted India paper proof by the American Bank Note Company, mounted on original cardstock as noted. The center Wellstood vignette details, upon very close examination, show the 1850s suspended in time. In allegorical fashion, the industrialization of America in the right background and the pastoral existence of the Native Americans at the left, are shown occurring simultaneously. America, holding a shield, points out the new way of life to the reclining Indian huntress with bow and quiver, her arm resting on seated America's knee. This is an amazing scene and is reflective of Obsoletes and their vignettes' relevance to their time. The bottom corners have another matched pair of Wellstood vignettes, a firm trademark, featuring Plenty orientated inward at left and right. Hole Punch Cancelled as noted through the India paper and card. This is the Hewitt plate note, publishing the design type for the collecting community for the first time in 2006. Haxby did not show an illustration, but listed and priced as an issued note, likely the result of an unverified report. This tremendous Minnesota proof is now confirmed and offered here at auction for the first time. In the past few years, Obsolete proof notes from New England and New York have flirted with and exceeded the $10,000 mark with some frequency. However, there have been no Minnesota proofs to cite as sold, and none with the tremendous stature of this New Ulm Central Bank $10 or the epic $1 Santa Claus proof initiating this exciting, memorable and unique proof quartet. Ex: Eric P. Newman Numismatic Education Society.
Realized $6,168.75. Newman VI (Heritage Auctions, 4/2015), lot 19162. Description courtesy of Heritage Auctions.