||Hudson, WI - Farmers Bank at Hudson $3 18__ WI-265 G6a. Proof. PCGS Gem New 65PPQ. This is a rare bank known in proof and a few issued notes. The full series proof sheet it is from sold in the first Krause auction sale. It originally came from the 1990 American Banknote Company Archives auction and included the other $3 impression of this type known. We believe that sheet is still intact, making this the only $3 proof available. Printed from a stunning and intricately engraved Danforth, Wright & Co. New York & Philadelphia $1-$2-$3-$5 plate on India paper, and mounted to its original cardstock. A full red lace tint, using the Cyrus Durand patented devices, crosses the note. The bordering is a deeper rust-red, with numerous repeating micro-lettered textual denominations. Across the center to the left is a very wide vignette, showing a panoramic view of a river spanned by a long bridge; rafting scenes are at front and to the left. At the upper right is large "3" counter. Hole Punch Cancelled through the India paper only. Showing superlative style and color, it was created at the absolute height of American security printing art and technology. Additionally, this is a Gem and another wonderful Obsolete proof. Ex: Eric P. Newman Numismatic Education Society.
Realized $5,640.00. Newman VI (Heritage Auctions, 4/2015), lot 19398. Description courtesy of Heritage Auctions.