||Manchester, MS - Commercial Bank of Manchester $50 18__ MS-235 UNL Kraus 3874. Proof. PCGS Choice New 63. An exceedingly rare, possibly unique and unlisted Manchester, Mississippi India paper proof mounted on its original cardstock. The Yazoo based home bank survived the 1830s panic and emitted notes into the late 1850s, one of few in the state to do so. This discovery note was engraved by Rawdon, Wright, & Hatch, New York using their classical designs. At the top center is a small clipper ship at full sail and the bank's home location "Yazoo, Mississippi," with titles and obligations across. The central lettering within the title is not complete, merely penciled in for the engraver, therefore this is technically a nearly complete progress proof. At the left is a wide swatch of lathe work with perpendicular FIFTY. At the far right, wringing out her long tresses, is Venus Rising from the Sea as engraved and signed by Freeman Rawdon (adapted from the 1772 painting by James Barry). The issuer was not included in the 1979 NASCA Brookdale Montgomery collection section notes, nor present in either part of the Byron Cook collection sales by R.M. Smythe & Co. in 1995. The bottom edge is trimmed inward a little, and there are some mounting remnants on the back of the cardstock. This is a great rarity and an interesting proof. Ex: Eric P. Newman Numismatic Education Society.
Realized $3,995.00. Newman VI (Heritage Auctions, 4/2015), lot 19204. Description courtesy of Heritage Auctions.