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Lot 19266

Image Information

Type Currency
Title Lot 19266
Country U.S.
Grade Choice About New 58PPQ
Service PCGS
Description New York, NY - St. Nicholas Bank $2 18__ NY-1900 G4. Proof. PCGS Choice About New 58PPQ. This is another highlight from the Newman collection and one of two confirmed $2 proofs from the bank for which we have pedigrees. The $2 denomination features Durand Type I Santa Claus vignette, with the engraver's art not fully attributed as above. According to Durand's research, it may have been Freeman Rawdon, George W. Hatch, or James P. Major. Like all the notes from the bank, engraved and printed by Rawdon, Wright, Hatch & Edson, New-York on India paper mounted on cardstock. That cardstock is thinner than normally seen and a perfect texture match to the $1 and $3 proofs we sold in the January 2012 Roger H. Durand Santa Claus Note Collection section. Those two proofs mentioned were in the John J. Ford, Jr. Capital Collection for decades. At the top center is the Durand Type I Santa Claus vignette showing St. Nick seated in his sleigh upon a rooftop while the reindeer take flight. The moonlit scene is very detailed, with the white smoke wafting from St. Nick's pipe leading the viewer's eye to a toy horse topping the basket of presents on the sleigh. The Gothic title is below. The left is similar to the $1, with the Peter Stuyvesant portrait between the TWO and the New York Bank Seal. The far right shows the New York City arms in the center, with vignettes of shipping goods on a wharf above and below. The base vignette shows a crowing rooster. There is no color protector on this proof, as with the two mentioned Durand-Ford collection proofs sold by us in 2012. Very subtly Slit Cancelled as prepared. Exceedingly rare, and only one other is confirmed in private hands. That wide margined card example in Lyn Knight's 2008 St. Louis PCDA sale from "The Peachtree Collection" sold for $34,500 (Lot 404). Despite petty bending, this is a "Gem" 58PPQ proof that boasts broad margins. Difficult to estimate. The cited realization in 2008 was a strong one, but flirting near or exceeding that price is a worthy endeavor for a this prize of a Santa Claus note. Ex: Eric P. Newman Numismatic Education Society. Realized $22,325.00. Newman VI (Heritage Auctions, 4/2015), lot 19266. Description courtesy of Heritage Auctions.

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