||Black River Falls, WI - Kankakee Bank $3 June 1, 1857 WI-80 G6a. Proof. PCGS Superb Gem New 68PPQ. A very impressive full color proof from one of the rarest Wisconsin banks. The style is exceptionally well crafted by Wellstood, Hay & Whiting with the imprint at the lower right. Printed on India paper and mounted on its original cardstock. Across the entire note is a mesmerizing pattern tint of micro-lettered THREE. The frame is darker and there is dark oval die at the upper left. At the lower left, a few men gather outside a barn as a boy looks on. The white horse appears ready for a new shoe; the blacksmith examines the scythe that appears to be the topic of discussion. At the bottom right is a charming portrait of a woman with elaborate curls. Hole Punch Cancelled through the India paper only. Another very inspired, full color tinted series from the Wellstood imprint, which used rarely seen and unusually styled vignettes of American life. Besides the four proofs in the Newman Collection (two offered here), the only other privately held note ever encountered was the Krause Collection $2 remainder note sold in the first sale (2009) for $1,840 (a soiled remainder, rather dull color). This is a magnificent proof, with a virtually perfect grade. It is likely unique. The margins all around are perfect and the color is as fresh as the day was printed. Ex: Eric P. Newman Numismatic Education Society.
Realized $7,931.25. Newman VI (Heritage Auctions, 4/2015), lot 19385. Description courtesy of Heritage Auctions.