||New York, NY - Delaware and Hudson Canal Company Bank $500 18__ NY-1560 UNL. Proof. PCGS Choice About New 55 Apparent. An exceedingly rare 1820s era high denomination proof. Engraved and printed by the A.B. & C. Durand, Wright & Co. (or ABCDW) firm on India paper mounted on card stock; with thin oval cancels across the signatures as prepared after printing. This beautiful unlisted design would be NY-1550 G40, as assigned by PCGS and with space left by Haxby for its likely existence. The engraving shows a female allegorical figure at the upper right seated upon the global projection and holding a torch aloft. The titles and obligations are across the center. At the left end are oval dies machined finely from the early Cyrus Durand patented devices, with a Franklin portrait at the center. As mentioned, this is "Cut-Out Cancelled" with small ovals in the signatures. The Apparent designation is due to a "Small Edge Tear at LL," a negligible consideration in determining value. This also appears to be unique Obsolete and is a desirable high denomination. Ex: Eric P. Newman Numismatic Education Society.
Realized $5,405.00. Newman VI (Heritage Auctions, 4/2015), lot 19253. Description courtesy of Heritage Auctions.