||Preston, MN - Fillmore County Bank $1 18__ MN-103 G2 Hewitt B480-D1a. Proof. PCGS Superb Gem New 68PPQ. This is a rare county title bank represented mostly by proofs today. Like the Bank of Owatonna, the bank issued notes very briefly and left note holders with heavily discounted paper, redeemed eventually by the State Auditor for 20 cents on the dollar using railroad bonds that secured the circulation (however, only two issued notes were known in 2006, both plated in Hewitt). A strikingly executed $1-$2-$5-$5 plate was engraved at the American Bank Note Company. This and the following two denominations are India paper proofs mounted on their original cardstock. At the upper left is a farmer plowing while his co-worker guides the horse through heavier soil and to the right, over the title, is a vignette of chickens. At the lower right is a girl with hair in ringlets seen on several ABN imprint series and notes from this period. This Hewitt plate note is Hole Punch Cancelled as made. We handled the lesser grade (Good to Very Good) $1 issued note listed in the census in our September 2004 sale, realizing $1,955. This is a stunning, virtually perfect proof without protector, the margins "boardwalk" wide. This is the finest of the three $1 proofs listed in the census, and also the finest known proof from the bank. The only impression from the Newman Collection sheet, this will appeal to those who covet rarities and proofs in the finest state of preservation or any impressive Obsolete. Ex: Eric P. Newman Numismatic Education Society.
Realized $5,405.00. Newman VI (Heritage Auctions, 4/2015), lot 19168. Description courtesy of Heritage Auctions.