||Natchez, MS - Commercial Bank of Natchez $50 Branch Payable 18__ MS-160 G160 Kraus 4023p. Proof. PCGS Choice New 63 Apparent. A third handsome and rare proof from the Underwood, Bald, Spencer & Hufty engraved series and printed on India paper only. This has a symmetrical layout as often seen on 1830s period UBSH note designs. At the top center is seated Neptune, protecting the ocean and commercial shipping. Flanking are cameo profile heads facing left with FIFTY crossing the forehead. There are identical ends with statuesque standing Athena on a plinth with FIFTY on shaded lathe work. Another boldly printed example with the usual Hole Punch Cancelled designation and a "Small Edge Tear at Bottom Center" noted by PCGS. This is an excellent higher denomination proof from a scarce bank. Ex: Eric P. Newman Numismatic Education Society.
Realized $3,055.00. Newman VI (Heritage Auctions, 4/2015), lot 19208. Description courtesy of Heritage Auctions.