||New York, NY - Manufacturers & Merchants Bank in the City of New York $5 18__ NY-1700 G6a SENC. Proof. PCGS Choice New 63PPQ. The third and final member of this elite trio of color proofs by the American Bank Note Company, printed on India paper mounted on cardstock. The type is SENC in Haxby and the first we have seen, making it newly confirmed like many of the Newman collection Obsoletes. The full vermillion color plate frames the note all around, with end patterns using vertically stacked micro-lettered FIVE, a full color across the top center, "5" numerals flanking the central vignette and outlined FIVE on a micro-lettered guilloche. At the direct center is a small New York City arms. At the far left is a woman in a dark dress, intently operating a sewing machine. At the far right is the required New York Bank Seal. Like most proofs, this is Hole Punch Cancelled and only through the India paper. The side margins are slightly closer than the first two, but essentially this has the rich, vibrant color of a note printed yesterday. We believe this significant type is unique. Ex: Eric P. Newman Numismatic Education Society.
Realized $4,935.00. Newman VI (Heritage Auctions, 4/2015), lot 19258. Description courtesy of Heritage Auctions.