||Poughkeepsie, NY - City Bank of Poughkeepsie $10 Sept. 10, 1860 NY-2260 G10a SENC. Proof. PCGS Choice About New 58 Apparent. This is a third gorgeous two-color American Bank Note Company proof from the City Bank of Poughkeepsie, the only example ever seen by us, and distinctive with its widely spaced "X X" red protectors. Printed on India paper only like the $3 proof offered here, it has the appearance of a near Gem. The green lace tint is the same as used on the other denominations from the series, slightly darker over the signature blocks. At the top center is an eagle and shield vignette, just under the curved TEN DOLLARS, and flanking each side are large red "X" protectors, widely separated to avoid confusion with a compact "XX" for a $20 note. At the lower left is an iconic and earlier size ABN vignette The Reapers used on several Obsoletes (the later version was larger and engraved by George F.C. Smillie for use on world notes). At the lower right is the octagonal New York Bank Seal. Hole Punch Cancelled like the other two and as made. There is very faint handling and the Apparent grade is due to "Hinge Remnants on Back" that do not affect the face. This might be the only example ever available of this gorgeous color proof with the very distinctive "X X" red protector device. Ex: Eric P. Newman Numismatic Education Society.
Realized $6,462.50. Newman VI (Heritage Auctions, 4/2015), lot 19275. Description courtesy of Heritage Auctions.