||New York, NY - Leather Manufacturers Bank $50 18__ NY-1685 G14. Proof. PCGS Choice About New 55. This is an interesting occupational title, a topic collected for decades by National Bank Note collectors, but an extremely relevant pursuit for Obsolete note students as well. This proof engraved and printed by Rawdon, Wright, Hatch & Co., New-York features a complementary allegorical vignette for the title. This example was printed on India paper and affixed to a yellow sheet (noted as "Mounted on Card Stock"). At the center is a winged cherub operating a foot-pedal leather dressing machine and seen on this bank's notes only. Very fine linear pattern lathe work is all around the perimeter, with the ends wider, each showing a perpendicular italic FIFTY outlined in white. Hole Punch Cancelled in the India paper only as it was affixed after to the yellow paper acting as "new card" and showing some natural India paper wrinkling. A delightful purchase from the comprehensive Guevrekian New York Obsolete collection sale conducted by NASCA in 1977, this is wonderfully styled. Ex:NASCA, Jack Guevrekian Collection Sale, January 21-22, 1977, lot 477@ $80.00; Eric P. Newman Numismatic Education Society.
Realized $1,880.00. Newman VI (Heritage Auctions, 4/2015), lot 19255. Description courtesy of Heritage Auctions.