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Lot 19235

Image Information

Type Currency
Title Lot 19235
Country U.S.
Grade Choice About New 58
Service PCGS
Description Albany, NY - Hope Bank of Albany $2 186_ NY-65 G4a SENC. Proof. PCGS Choice About New 58. The Newman New York Obsolete notes feature many great rarities and unusual vignettes. They are representative of many of the state's very diverse currency. More Obsoletes, banknotes and scrip are found in New York than in any other state. The field is limitless, and notes from this auction and future Newman currency sales will doubtless yield many exciting discoveries. The Hope Bank of Albany is an all SENC bank in Haxby and, until the Gordon Harris Albany notes were auctioned, we had not seen this National Bank Note Company engraved and printed series. (Harris owned a full proof sheet, $1-$1-$2-$5, India paper on cardstock, initially sold at the CAA 2000 FUN sale and later in Schingoethe Part 5 by Smythe.) The $2 India paper proof mounted on original cardstock from the series has a unique vignette seen only on this type, and this is one of just two known to us. At the left are workers tending to a sawmill (as described in Gwynne & Day and Wismer), the vignette fitting neatly under the front of the title above. The NBN orange color tint plate is impressive, with the far left, legally required New York bank seal bracketed between "2" color counters; protector TWO; a fine micro-lathe pattern at the far right; and large counter die with white outlined "2" at the upper right. The proof is Hole Punch Cancelled as normal, through the card, and as made. We know of one issued note from the Hope Bank, sold by us in January 2002 for $1,380 and graded Fine (but with visible surface stains). The $5 proof from the Harris-Schingoethe sheet was sold in the 52 Collection Part I sale in June 2010 for $4,312.50. Strong demand for the most unusual and very rare color proofs seems unabated. Ex: Eric P. Newman Numismatic Education Society. Realized $2,820.00. Newman VI (Heritage Auctions, 4/2015), lot 19235. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part VI
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