||Medina, NY - Union Bank of Medina $1 March 15, 186_NY-1345 UNL. Proof. PCGS About New 50 Apparent. This is another exceedingly rare National Bank Note Company imprint India paper proof from the Newman collection. The series is unlisted with this nearly complete engraved date line, needing only the last numeral to complete it. The brown tint ink is not often seen except on a few NBN engraved series (notably the State of Arkansas Reconstruction period notes). At the top center is a wide scene with a boat traveling on a canal waiting for the lock to be opened; a train is shown crossing a bridge. At the lower left corner is the New York Bank Seal as required and at the lower right, a young woman wearing a kerchief. The upper corners have identical intricate overlapping scalloped dies with micro-lettered titles. This has a full brown tint, with a frame around the perimeter and guilloche across the bottom center. Superb color contrast is combined with the black on white India paper printing. All notes from the bank are extremely rare, and we had to search back to the 1977 NASCA Jack Guevrekian Sale to find a green tinted, hand dated note from the bank. This proof has some handling seen from the back and an "Edge Tear at Top Right of Center" is noted. A beautiful unlisted type, and superbly styled by the NBN. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,997.50. Newman VI (Heritage Auctions, 4/2015), lot 19248. Description courtesy of Heritage Auctions.