||Sheboygan, WI - German Bank $5 18__ WI-730 G8a. Proof. PCGS Superb Gem New 67PPQ. This is an extremely rare bank from Sheboygan; we have seen only one issued note, a $2 denomination that was in the Krause Collection. The series of red protector proofs engraved and printed by Rawdon, Wright, Hatch & Edson, New-York are represented only in the Madison archive and here in the Newman Collection. Printed on India paper and mounted on original card stock. At the bottom left is a uniquely styled steamboat vignette, which we had not seen until now. Upper corners have different size "5" dies. The far right shows an italic FIVE on a lathe work panel strip. A large red protector "5" is in the bottom center. At the top is an unusual red overprinted "Capital $25,000," a feature that would allow the bank to re-use the main plate and need only to stamp the notes or create a new tint plate if they expanded. Hole Punch Cancelled as prepared at RWHE. This is an extremely rare ethnic title. As cited, we know only of the one issued note and the proofs from the Newman Collection. A superb Gem that is essentially perfect. Ex: Eric P. Newman Numismatic Education Society.
Realized $5,405.00. Newman VI (Heritage Auctions, 4/2015), lot 19432. Description courtesy of Heritage Auctions.