||Salt Lake City, U.T. - Bingham Canyon & Camp Floyd R.R. Co. payable at the Salt Lake City National Bank of Utah $1 Post Note January 15, 1874 Rust UNL Nyholm UNL. Lithographic Proof. PCGS Choice About New 55 Apparent. It is not very often that a major Mormon note type or series is discovered, or more accurately here re-discovered, except in a diverse collection such as Eric P. Newman's. We were very excited to see this example and the four companions that follow; our additional research has only confirmed that enthusiasm. The exact nature of these lithographic proofs may never be known. They are, at minimum, color protector essays produced by H. Siebert & Bros. 182 William St. New York, printed on both sides of a common card, giving the proof the appearance of a finished note. The adopted common face type for the series, as used on the bond paper notes with red protectors, with a train rounding a curve and a telegraph line in the foreground, framed into a circle. Flanking to left is a tall, light green protector numeral, and green protector shading is across the signatures block. At the left is an Indian standing, arm pointed upward, and at the right is standing Athena as America. Obligation designation engraved "__days after date will pay to the order of W.B. Welles Treas'r. or Bearer." The back is green with female portraits in all four corners and the obligation in center "Redeemable/ at the/ SALT LAKE CITY/ NATIONAL BANK/UTAH" with flanking numeral dies. This first note is arguably the best; it has the pedigree penciled on the back edge neatly and away from the green printing, pricing the set at "$10.00," which was a high price for Obsolete notes in 1908. This example shows handling only and is noted with "Hinge Remnants on Back." The post date "30" and right signature are falsely accomplished. An extremely important opportunity for the most specialized Mormon or railroad note specialists, published here for the first time. Ex: Harmon A. Chambers (Henry Chapman June 19-20, 1908); Eric P. Newman Numismatic Education Society.
Realized $2,820.00. Newman VI (Heritage Auctions, 4/2015), lot 19363. Description courtesy of Heritage Auctions.