||Saint Cloud, MN - Stearns County Bank $2 July 5, 1859 MN-120 G4 Hewitt B620-D2a. Proof. PCGS Gem New 65PPQ. This is the second denomination from the series and features a very desirable major American historical vignette type, originally engraved by Jocelyn, Draper, Welsh & Co. and adapted by the American Bank Note Company for this note. A Gem New 65PPQ India paper proof mounted on original cardstock that is incredibly bold and inspired. The quartet of fine vignettes includes, at the top right, the untitled Major Waldron's Terrible Fight engraved by W.W. Rice with background by James Smillie. This appears to be roughly adapted from earlier engraved book images. The scene is subtle, but the impending danger is clear when Indians, one with knife in hand, are shown entering through the household door while the family is at prayers; as the dog responds, the mother reaches out to alert her husband. To the left are two children, with bunches of grapes, shooing bees. At the lower left is a standing blacksmith, and at the lower right a woman feeding chickens. Hole Punch Cancelled as cited on the encapsulation and as manufactured at the ABN. This is a riveting proof, which does not require any supporting color to amplify the magnitude of its beauty and historical appeal. The Major Waldron vignette was initially engraved for New England notes and is tied to the slaughter of the major and his companions shortly after King Philip's War (also known as Metacom's Rebellion). Waldron, a magistrate and trader made a deceitful pact with British forces that led to the capture and enslavement of a number of Native Americans. The attack on Waldron occurred on June 27, 1689 at Dover, New Hampshire, after the major allowed (as was customary) two tribal women to stay overnight within his garrison. During the night, they opened the fortification and the tribesmen took their revenge. At one time, in the early 1988-1994 NASCA-Smythe auctions including the John A. Muscalus collection sales (prolific author of early vignette studies and Obsolete research), the vignette was nicknamed "for what we are about to receive." There are two proofs known, including this, and both are pedigreed. The other example was an India paper only example in Schingoethe Part 3, June 2005 Smythe Memphis Sale (lot 1825) realizing $4,025 nearly ten years ago. This Gem is one of the most beautiful black and white proofs from the state. Ex: Eric P. Newman Numismatic Education Society.
Realized $5,640.00. Newman VI (Heritage Auctions, 4/2015), lot 19174. Description courtesy of Heritage Auctions.