||Natchez, MS - Commercial Bank of Natchez $10 Branch Payable 18__ MS-160 G156 Kraus 4021p. Proof. PCGS Gem New 65PPQ. A beautiful Gem Proof from this bank represented mostly by proofs from early collections and those contained in the 1990 American Bank Note Company Archive auction in September 1990. Printed on India paper only from the plates engraved by Underwood, Bald, Spencer & Hufty. At the top center are two sailing ships near a lighthouse point, with a third in the far distance on the elaborately engraved sea. Flanking are "10" numerals on square lathe work. The identical end panels have intricate lathe pattern backgrounds with ornate TEN lettering. Noted Hole Punch Cancelled by PCGS, as made. A sharp proof and part of the Newman Collection for decades. We have never seen an issued note from this UBSH, either at its home or at a branch. We have sold a few proofs from the bank, including a $5 proof (PMG Choice Uncirculated 64) from this UBSH series for $2,232.50 in our October 2012 Dallas ANA sale. This certainly commands a premium value for exceptional condition. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,527.50. Newman VI (Heritage Auctions, 4/2015), lot 19205. Description courtesy of Heritage Auctions.