||Owatonna, MN - Bank of Owatonna $5 18__ MN-100 G2 Hewitt B460-D5. Proof. PCGS Very Choice New 64. The Bank of Owatonna's lack of banking success yields ample notes for today's collectors, both proofs and issued bills. It took less than a year for the bank to refuse its circulation, eventually leading the State Auditor's office to pay less than 21 cents on the dollar for leftover bills. A beautiful $5-$5-$5-$10 plate was prepared by the American Bank Note Company for the series with an additional imprint of Jocelyn, Draper, Welsh & Co. (or JDW) A choice India paper proof mounted on original cardstock, this is certainly an example of the eight proofs listed in the 2006 census. Attractively designed from the JDW vignette catalog, this has a standing lumberjack next to a thick fallen tree. At the bottom left is a girl holding a hen and chicks. At the lower right is Child with Rabbits, adapted from the art of Solomon Nunes Carvalho. The artist was a Sephardic Jew from Charleston who traveled on the fifth John C. Fremont Western expedition and spent time with the Mormons, including Brigham Young. This plate position B proof is Hole Punch Cancelled as made and among the finest known. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,116.25. Newman VI (Heritage Auctions, 4/2015), lot 19166. Description courtesy of Heritage Auctions.