||Milwaukee, WI - Milwaukee City Bank $2 August 1, 1856 WI-510 G4. Proof. PCGS Very Choice New 64. The title is virtually unknown, except for plate notes in obscure books. The plate prepared by Wellstood, Hay & Whiting, New-York, configured $1A-$1B-$2-$3, was used to print these proofs. It was altered for use by the Forest City Bank, Waukesha, as seen later in this section. Printed on India paper and mounted on its original card. In the center, under the Gothic title, is the rarely seen top of the globe projection, with North America and the United States defined and several cities noted; seated America and an eagle are at the top. At the right end is an intricate "2" with intertwined Hope. Hole Punch Cancelled as made and through the India paper only. A striking vignette style by Wellstood, seen on very few notes, all of which are very rare. The original vignette appears to have been engraved for the Bank of North America, Providence, Rhode Island (see Smythe & Co., 1994 St. Louis PCDA sale with Ford's Wellstood archive proofs from Rhode Island and Wisconsin). This example appears to be conservatively graded. Its broad margins, bold printing, and immaculate surfaces make it most appealing. Ex: Eric P. Newman Numismatic Education Society.
Realized $3,525.00. Newman VI (Heritage Auctions, 4/2015), lot 19421. Description courtesy of Heritage Auctions.