||Saint Cloud, MN - Stearns County Bank $1 July 5, 1859 MN-120 G2 Hewitt B620-D1a. Proof. PCGS Very Choice New 64. This very rare bank never opened. Only nine proofs and a sole unissued remainder are listed on the 2006 census, including the four proof denominations from the Newman collection. The State Auditor authorized the American Bank Note Company to engrave a $1-$2-$3-$5 plate and print 2,000 impressions, a relatively small run compared to some other banks. This India paper proof is mounted on original cardstock and is the Hewitt plate note. The upper left vignette is a frontier classic with Plains Indians at the hunt, spearing buffalo. Originally engraved by Toppan, Carpenter & Co., it was used by the ABN for this note. At the upper right is a bull's head, and at the lower right is a young girl in fancy dress. This is Hole Punch Cancelled as made. The Schingoethe collection sales (a decade or so ago) included two proof denominations from this series, both plated in Hewitt's reference. There are three examples, and this is possibly the finest: a gorgeous impression from this beautifully executed plate and extremely rare. Ex: Eric P. Newman Numismatic Education Society.
Realized $4,935.00. Newman VI (Heritage Auctions, 4/2015), lot 19173. Description courtesy of Heritage Auctions.