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Lot 19233

Image Information

Type Currency
Title Lot 19233
Country U.S.
Grade Very Choice New 64
Service PCGS
Description Rockaway, NJ - Rockaway Bank $5 May 1, 1858 NJ-485 G6b Wait-2135. Proof. PCGS Very Choice New 64 Apparent. A superbly crafted full red tint color proof engraved and printed by Danforth, Wright & Co., New-York & Philadelphia (with added "ABC" monogram) on India paper. It was, once upon a time, impossible to obtain a note from this bank. However, there are three denominations plated in Haxby, and a four-subject sheet ($1-$1-$2-$5) appeared in the 1990 ABN Archives auction. A full red lace tint covers the note, with lighter red micro-lathe and darker protector FIVE across the bottom center. At the top center, over the Gothic title, is a mining scene showing two workers in the foreground, one with sledgehammer ready to strike, the other using a crowbar. Nearby are other tools of the trade used to extract the iron ore that was present in the region (another bank title here was The Iron Bank). At the lower left is the legally mandated New Jersey State Treasurer seal and at the lower right, a sailing ship. Hole Punch Cancelled as made and with Apparent notes of "Small Edge Tear at LL; Minor Mountings and Stains on Back." Prior to the 1990 ABN Archives sale, full color proofs and masterfully engraved ones like this from the Danforth, Wright & Co. firm were only in advanced collections. Twenty-five years after that sale, with all the proofs absorbed into collections, many of them represent excellent value. New Jersey notes are avidly collected and often strongly held. This example has much to recommend it, and displays bold eye appeal. Ex: Eric P. Newman Numismatic Education Society. Realized $7,637.50. Newman VI (Heritage Auctions, 4/2015), lot 19233. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part VI
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