||Salt Lake City, U.T. - Bingham Canyon & Camp Floyd R.R. Co. payable at the Salt Lake City National Bank of Utah $10 Post Note January 15, 1874 Rust UNL Nyholm UNL. Lithographic Proof. PCGS Choice About New 58 Apparent. The fifth and final denomination from this unlisted and presumably unique set of lithographic proofs. The $10 notes were unknown to Rust when he published in 1984. Lithographed, as the other four, 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 displays a train rounding a curve with 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 with "Hinge Remnants on Back; Edge tear at Left," but these are not too severe. The post date "30" and right signature are falsely accomplished. This is also penciled "$10.00," the price of the set, on the back edge. The highest denomination and unique in this form to our knowledge, and the only example observed with the green tinting. The unlisted red protector $10 was not in Ford, nor is it listed by Rust. However, to provide a pricing perspective, the Schingoethe Part 14 Sale, Lot 1987 (fully issued, serial no. 18) red protector $10 note on bond paper sold for $10,350. A beautiful example and the apex of this set of proofs tracing back to the Chambers sale. This is another priceless Mormon proof and an extremely important denomination. Ex: Harmon A. Chambers (Henry Chapman June 19-20, 1908); Eric P. Newman Numismatic Education Society.
Realized $3,525.00. Newman VI (Heritage Auctions, 4/2015), lot 19367. Description courtesy of Heritage Auctions.