||Winona, MN - Winona County Bank $1 Nov. 1, 1858 MN-205 G2a Hewitt B940-D1-2b. Proof. PCGS Superb Gem New 67PPQ. The Winona County Bank, among the four soundest in the state, redeemed all its notes at par. Founder A. W. Webster was instrumental in the formation of the United National Bank of Winona (Charter #1643) in 1865, a successor that would have continued its par redemption of their notes. It is interesting to note from the census a relatively ample supply of proofs of all denominations printed from the American Bank Note Company engraved $1-$1-$2-$3 plate. However, there are only five issued notes in that census, proving the bank's soundness and integrity for redeeming notes. There are six $1 proofs listed in 2006, but this India paper proof mounted on original cardstock, and the Hewitt plate note, has to be the finest known. Notice it has an engraved blue serial "87625" for demonstration purposes. The vignettes are Bald, Cousland & Co. style as ordered by the bank. At the top, steamboats make their way toward the port; their reflections are clearly visible in the calm water in this masterful engraving. At the lower left are two Indian hunters overlooking an industrialized vista. At the lower right is a woman holding a dove. Hole Punch Cancelled as made and this is the "B" or second sheet position proof. This is perfect or nearly so, boldly inked and splendidly printed. Ex: Eric P. Newman Numismatic Education Society.
Realized $2,350.00. Newman VI (Heritage Auctions, 4/2015), lot 19193. Description courtesy of Heritage Auctions.