||Milwaukee, WI - Milwaukee City Bank $1 August 1, 1856 WI-510 G2. Proof. PCGS Very Choice New 64. The issuer was not in the Krause collection and the bank likely never opened, leaving only the archived proof sheet in the Madison archives and the proofs from the Newman Collection, now available for sale. The plate used to print these proofs was engraved by Wellstood, Hay & Whiting, New York. The plate was officially altered for use by the Forest City Bank, Waukasha with the title and date changed, but the vignettes and counters the same. Printed on India paper and mounted on its original card. At center, a farmer in the barn's loft rakes hay from a horse-drawn wagon. At the right end is a vine-covered, tall "1." Hole Punch Cancelled through the India paper only. There is a faint brush of upper left corner soiling, but the rest of the note is PPQ. Like many proofs here, this is the first ever offered at auction. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,645.00. Newman VI (Heritage Auctions, 4/2015), lot 19423. Description courtesy of Heritage Auctions.