||Madison, WI - Dane County Bank $10 January 1, 1855 WI-365 G10. Proof. PCGS Choice About New 58. Madison was the state capitol and several banks were located there. This is a rare bank and an intriguingly vignetted proof engraved and printed by Danforth, Wright & Co., New York & Philadelphia on India paper only. This proof was printed on the two-subject $10-$20 plate, and an example of that sheet, on cardstock, appeared in the 1990 American Banknote Company Archive sale and later, Chet Krause's auctions. At the top center is the Yale Campus (likely engraved for the New Haven County Bank by the earlier Danforth, Bald & Co., see 1990 ABN Sale Lot 96, purchased by the Schingoethe's and sold later in their auction). The rendering of the church, green, and stone buildings is similar to the campus today. At the lower right is a facing cameo portrait from the earlier 1840s Danforth imprints. Hole Punch Cancelled as prepared by DW. A fascinating proof because of the Yale vignette. New England bankers had been commissioning such custom views for their titles for many years. Perhaps the Madison bankers decided this was a plausible means of portraying their city, but at much less expense. There is faint handling seen from the back, but the broad margining reflects the appearance of Gem. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,116.25. Newman VI (Heritage Auctions, 4/2015), lot 19407. Description courtesy of Heritage Auctions.