||(St. Louis), MO - Bank of the State of Missouri $5 Branch Payable 18__ MO-60 UNL. Proof. PCGS Choice About New 58 Apparent. This magnificent proof is an unlisted type, using just a single band of color at the left end. An India paper proof engraved and printed by Toppan, Carpenter & Co., Philadelphia & New-York. At the top center is a vignette described in period accounts (by contemporary Bank Note Reporters like Gwynne & Day) of "Dr. Kane in the Arctic." In 1853, Dr. Elisha Kane led the second Henry Grinnell expedition in search of Sir John Franklin, who had disappeared with his two ships and crew while searching for the Northwest Passage (one of the great mysteries of early nineteenth century exploration). After their ship became icebound, the party trekked north for over 80 days, losing one man, before reaching open water and a ship to bring them to safety. Kane wrote a two-volume work on his two expeditions and died in 1857. In the central vignette, the ice party is shown loading their sled with supplies from their dinghy, while a team of tethered huskies waits; the icebound ship Advance is at right in the near background. In each lower corner are male portraits, both likely engraved for the bank's use. At the far left is a vermillion color edge outlining COUNTERSIGNED AND REGISTERED, a very unusual element. This note is described in Haxby as Design 5Aa, but without specific branch listings or as Branch Payable proofs. This is Hole Punch Cancelled as made, with two flaws noted by PCGS: "Small Edge Tear at Bottom Left of Center; Minor Stains [cataloger's comment: from former dampness] on Back," which do not show to the face. This is an exceptional type to confirm and catalog for sale; very impressive and, more than likely, unique. Ex: Eric P. Newman Numismatic Education Society.
Realized $8,225.00. Newman VI (Heritage Auctions, 4/2015), lot 19216. Description courtesy of Heritage Auctions.