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Lot 19274

Image Information

Type Currency
Title Lot 19274
Country U.S.
Grade Gem New 65PPQ
Service PCGS
Description Poughkeepsie, NY - City Bank of Poughkeepsie $5 Sept. 10, 1860 NY-2260 G8a SENC. Proof. PCGS Gem New 65PPQ. This is an exceedingly rare and exceptionally beautiful American Bank Note Company engraved and printed two-color proof from this title, the second from the trio offered in this Newman VI auction. It is one of two known to us, but it is by far the finer and is graded Gem New 65PPQ. The other has been in only three private collections over a 55-year span, attesting to how special this type is. Printed on India paper and mounted on cardstock, with the printing clarity and rich colors as vibrant as they were in 1860. Full green lace tint covers the note, as used in this series, with the signature blocks shaded a bit deeper. At the right of center, a tall, well-shaped deep red protector "5" provides a counterbalance to the mesmerizing woman's portrait facing to the left, gazing directly from the note's surfaces like Mona Lisa. The portrait, nearly quarter-length, shows a beautiful woman wearing a formal dress, with her head tipped to show her ornate earrings. This vignette was adapted directly from Henry Cousin's mezzotint engraving Beaming Eyes based on original art by English portrait painter Charles Baxter. It was originally engraved for Danforth, Wright & Co., but used on the unlisted Union Bank of Missouri $5 Branch payable proof type in this sale as well as this note. The ABN also used this art later with an added fan and a different style of clothing. At the lower left are chickens with a group of hatchlings getting used to their new surroundings. At the far right is the square New York Bank Seal. There are three different counters to fill the field of the tint area. Hole Punch Cancelled through the India paper only and not the card. Outstanding is perhaps an understatement for this highly desirable New York two-color proof. The most visionary and appreciative collector will possess a note that mere money can never replace and whose artistic merits are without question. Ex: Eric P. Newman Numismatic Education Society. Realized $6,462.50. Newman VI (Heritage Auctions, 4/2015), lot 19274. Description courtesy of Heritage Auctions.

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Image Collection Eric P. Newman Collection, Part VI
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