||Beaver Dam, WI - Mercantile Bank $5 18__ WI-45 G6. Proof. PCGS Very Choice New 64. This Beaver Dam note is the rarest by far and was not present in the Krause collection in either proof or issued format. The illustrated $5 in both references, Haxby and Krause, is from the Wisconsin Historical Society's sheet ($1-$1-$3-$5). A masterfully styled India paper proof on cardstock, as noted. Engraved and printed by Toppan, Carpenter, Casilear & Co. The vignette at top center shows a wide scene of ships at sail in a harbor. Counters are in four corners. Like virtually all the proofs here, Hole Punch Cancelled as prepared. With broad margins and bold printing. This is likely the only example in private hands. Ex: Eric P. Newman Numismatic Education Society.
Realized $3,290.00. Newman VI (Heritage Auctions, 4/2015), lot 19382. Description courtesy of Heritage Auctions.