||Salt Lake City, U.T. - Bingham Canyon & Camp Floyd R.R. Co. payable at the Salt Lake City National Bank of Utah $3 Post Note January 15, 1874 Rust UNL Nyholm UNL. Lithographic Proof. PCGS Choice About New 55 Apparent. The third denomination from this unlisted and presumably unique set of lithographic proofs. By far the most important example, it is a highlight in this Mormon note section of the Newman sale. Specialists will all note that it does not look familiar, and with good reason. There is only a photocopy shown in the Nyholm book (credited to Alvin Rust) and there is no confirmed example of a red protector note to our knowledge. Lithographed, like the others, by H. Siebert & Bros. 182 William St. New York, printed on both sides to a common card giving the proof the appearance of a finished note. The adopted common face type for the series, 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. The obligation designation is 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 at center "Redeemable/at the/ SALT LAKE CITY/ NATIONAL BANK/UTAH" with flanking numeral dies. Cited by PCGS as "Hinge Remnants on Back; Minor paper Scuff on back at UL" and reported for accuracy. The post date "30" and right signature are falsely accomplished. This is unique to our knowledge, the only example observed by us in decades of Mormon currency research and cataloging. A priceless example from this quintet for the specialist and an extremely important $3 proof for the collector of that genre. Ex: Harmon A. Chambers (Henry Chapman June 19-20, 1908); Eric P. Newman Numismatic Education Society.
Realized $4,465.00. Newman VI (Heritage Auctions, 4/2015), lot 19365. Description courtesy of Heritage Auctions.