||St. Louis, MO - Bank of St. Louis (2nd) $5 Branch Payable 18__ MO-50 G52a SENC. Proof. PCGS Very Choice New 64 Apparent. This is the first of ten exceedingly rare and beautiful Missouri color proofs, all from imprints generally not seen in the 1990 American Bank Note Company Archives; each exemplifies the apex of banknote intaglio engraving of the late 1850s to early 1860s. Adding to the desirability is the extreme rarity of the banks, with often only a handful of notes known of all types, in all conditions. After surveying the Schingoethe collection auctions, sold in eighteen sales, it is remarkable to report that there were very few proofs except those acquired at the 1990 American Bank Note Sale, and very few Missouri notes of all types. For decades, Missouri notes have been strongly held and studied in St. Louis. The ten proofs cataloged here for the first time comprise another unprecedented selection in this Newman VI sale. This $5 Bank of St. Louis note is a stunning India paper proof printed from plates by Toppan, Carpenter & Co., Philadelphia & New-York and a candidate for the most beautiful St. Louis proof type. An inspired vermillion color tint features the arced BANK OF ST. LOUIS title left, directly above the facing woman's portrait that is unique to this type. Atop the ornate protector FIVE is a gristmill scene. In the foreground, a man carries a heavy sack while holding his horse by the reins; a millstone rests against the building. At near left, children watch a waterwheel while water rushes under the bridge they rest on. At the upper right is a color die with white outlined "5" numeral. Noted Hole Punch Cancelled as made. This Branch Payable type is known issued, including an unspecified location example in NASCA's April 27, 1981 Dr. Joseph Vacca Collection sale. This was a groundbreaking Missouri Obsolete sale in which Eric Newman was a strong participant for many of the most historical and unique issues. The Apparent designation notes "Hinge Repaired Edge Tear at Top Left; Hinge Remnants on Back." The remnants are at each side and usually are indicative of former Wismer collection proofs. Those small faults are petty compared to the overall grandeur of this stunning color proof commencing an unprecedented offering of ten different Missouri color proofs. Ex: Eric P. Newman Numismatic Education Society.
Realized $8,812.50. Newman VI (Heritage Auctions, 4/2015), lot 19213. Description courtesy of Heritage Auctions.