||St. Peter, MN - Nicollet County Bank $3 18__ MN-165 G6a Hewitt B760-D3. Proof. PCGS Gem New 66PPQ. The third incredible proof from this quartet. Beautifully conceived from the $1-$2-$3-$5 plate and tint crafted at the American Bank Note Company, printed on India paper proof mounted on its original cardstock. This is the Hewitt plate note also, and it has the requisite Hole Punch Cancelled specified on its Gem New 66PPQ encapsulation. A full light orange tint plate crosses the surface, like all the notes from the series, with a deeper red die across the direct center outlining a white protector THREE, which is the prominent center design element. At the left is an Indian hunter on horseback and at the right is an Indian princess dipping her foot into a stream, as engraved for the Wellstood imprints. This has gorgeous colors and the condition is virtually perfect; again, it is unique and the only reported proof example on the census. There are three issued notes of the type known. One was the March 23, 2005 Schingoethe Part 2 Sale lot 4236 note (ex: Chuck Parrish collection and the Haxby plate note) realizing $5,290. At the same auction, the unique Bank of the State of Minnesota, St. Paul $5 full color ABN/WHW realized a $4,140. (This is related to Sewell and his New York banking entity whose collapse affected both banks.) That same full color Bank of the State $5 color proof set a record for a Minnesota Obsolete note in the Stack's Bowers 2012 ANA Auction at $23,000. That record provides ample evidence that color proofs from Minnesota with such majestic designs are among the most elite Obsolete banknotes in the entire canon. Ex: Eric P. Newman Numismatic Education Society.
Realized $8,812.50. Newman VI (Heritage Auctions, 4/2015), lot 19189. Description courtesy of Heritage Auctions.