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- Shawanaw, WI - Shawanaw Bank $5 June 1, 1857 WI-725 G2. Proof. PCGS Very Choice New 64. This is a very rare and interesting bank with three known series. This and the following $10 proof are from the initial parent bank issue. The bank then moved to Chilton with $1 and $2 proofs observed, and then had a final series of bond paper notes from Sheboygan. This is an India paper proof printed from a $5-$10 plate engraved by Danforth, Wright & Co., New-York & Philad. This type has a very rare layout with five busy cherubs beneath the counters on each side. At the left, one cherub rests his hand on the globe, and another leans on an anvil. The leftmost two appear to be working the cord of a pulley. At the right, one cherub is engaged in drawing and another holds a rake aloft. Capital $50,000 is across the top. The blue machine serial number 74312 has been added. There are two sets of proofs known to us in collections. The two-subject proof sheet that originally came from the 1990 American Banknote Company Archives sale sold for $6,325 at the first Krause sale. There are also individual proofs on India paper that originally came from James Bookbinder-D.C. Wismer, and the $5 example realized $2,185 in the same sale. Noted as "Hole Punch Cancelled" as made. One of the rarest Danforth, Wright & Co. banknote vignettes and immensely beautiful. Ex: Eric P. Newman Numismatic Education Society Realized $1527.50. Newman VII (Heritage Auctions, 10/2015), lot 18748. Description courtesy of Heritage Auctions.
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- Racine, WI - Racine County Bank $5 18__ WI-685 G8. Proof. PCGS Choice About New 55. The highest denomination from this elegant India paper proof series engraved by Wellstood, Hanks, Hay & Whiting, New-York and the last available proof from the issue. This is also unique in private hands and has an interesting vignette structure. A mechanic, sailor and farmer hold up a FIVE counter using their left hands. While the mechanic and Farmer hold tools in their opposite hands, the sailor idly puts his right hand in his pocket. at the bottom, a train travels west, passing by cows in a watering hole. The title is at the top, partially stacked and on a "V/FIVE" element. This is the sole $5 proof available to collectors. The $5 issued note from the Krause collection realized $1,840 in September 2009. Noted as "Hole Punch Cancelled" as made. This has some handling, but the eye appeal is Gem with perfect margins and bold inking. Ex: Eric P. Newman Numismatic Education Society Realized $1645.00. Newman VII (Heritage Auctions, 10/2015), lot 18747. Description courtesy of Heritage Auctions.
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- Racine, WI - Racine County Bank $5 18__ WI-685 G8. Proof. PCGS Choice About New 55. The highest denomination from this elegant India paper proof series engraved by Wellstood, Hanks, Hay & Whiting, New-York and the last available proof from the issue. This is also unique in private hands and has an interesting vignette structure. A mechanic, sailor and farmer hold up a FIVE counter using their left hands. While the mechanic and Farmer hold tools in their opposite hands, the sailor idly puts his right hand in his pocket. at the bottom, a train travels west, passing by cows in a watering hole. The title is at the top, partially stacked and on a "V/FIVE" element. This is the sole $5 proof available to collectors. The $5 issued note from the Krause collection realized $1,840 in September 2009. Noted as "Hole Punch Cancelled" as made. This has some handling, but the eye appeal is Gem with perfect margins and bold inking. Ex: Eric P. Newman Numismatic Education Society Realized $1645.00. Newman VII (Heritage Auctions, 10/2015), lot 18747. Description courtesy of Heritage Auctions.
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- Racine, WI - Racine County Bank $2 18__ WI-685 G4. Proof. PCGS Very Choice New 64 Apparent. An elegant layout engraved and printed by Wellstood, Hanks, Hay & Whiting, New-York on India paper using a $1-$2-$3-$5 plate. The bank, organized in 1854, issued notes for ten years and became the First National Bank of Racine (Charter #457). This denomination is unique in private hands and, like all of the Newman Wisconsin proofs, a new opportunity for the collecting community. At lower left, a child is putting on a nightshirt. The vignette at right is an allegory in Americana style. A Mechanic seated at the shore, leans his arm on an anvil. He holds a mallet and a ruler, and a carpenter's square and compass are nearby. He seems unaware that standing Commerce with a caduceus, and Agriculture with a sickle, are behind him. The curving title featured on this series provides a lovely balance. The title was not in Ford's Wellstood proof archive from Wisconsin. We know of only one other note, besides the Newman Collection proofs, from the title and series. That was the issued $5 note with protector sold in the Krause Part I sale in 2009. The $1 proof from this series, graded PCGS Choice New 63 sold for $3,290 in the Newman Part VI sale. Noted as "Hole Punch Cancelled" as made and with "Mounting Remnants on Back; Small Tears" by grading. These small flaws are barely noticed when compared to the deep printing clarity and lovely layout. Ex: Eric P. Newman Numismatic Education Society Realized $940.00. Newman VII (Heritage Auctions, 10/2015), lot 18745. Description courtesy of Heritage Auctions.
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- Racine, WI - Racine County Bank $3 18__ WI-685 G6. Proof. PCGS Choice About New 58. Another very elegant India paper proof engraved and printed by Wellstood, Hanks, Hay & Whiting, New-York. This is unique in private hands and is another exceptionally handsome proof from this distinctive imprint. At lower right, seated on the shore, Agriculture is between a sailor and a mechanic. In an oval at lower left, a sailor leaning on a capstan points to something unseen. The Gothic title curves across the center between the two oval "3" dies. Noted as "Hole Punch Cancelled" as made. There is minor handling only and India paper "chads" hang in three of the punch holes. An impressive proof type from one of the rarest Racine banks. Ex: Eric P. Newman Numismatic Education Society Realized $1116.25. Newman VII (Heritage Auctions, 10/2015), lot 18746. Description courtesy of Heritage Auctions.
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- Racine, WI - Commercial Bank $3 Jan. 1, 1857 WI-675 G8. Proof. PCGS Very Choice New 64. This is the highest denomination from the series and the only known example in private hands to our knowledge. Beautifully engraved and printed by Toppan, Carpenter & Co. on India paper mounted on original cardstock. The style is very distinctive, with an "X" formation composed of the three-portrait array, upper corner dies and the bottom center comptroller's seal. In contrast to the $1 denomination, the vignettes here show oval portraits of three finely dressed and diversely coiffed women. The woman at center has flowers elaborately adorning her hair and dress. At lower left is a more somberly dressed woman wearing earrings and at lower right, a frequently encountered woman with her hand at her chin. Advanced vignette researchers would consider the lower left portrait as custom to the bank; we are not familiar with it. Essentially, like so many of these magnificent Wisconsin proofs, a unique example now available to collectors. Noted as "Hole Punch Cancelled" and "Mounted on Cardstock" as made. This is a beautiful, balanced, and unique proof. Ex: Eric P. Newman Numismatic Education Society Realized $1116.25. Newman VII (Heritage Auctions, 10/2015), lot 18744. Description courtesy of Heritage Auctions.
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- Racine, WI - Commercial Bank $3 Jan. 1, 1857 WI-675 G8. Proof. PCGS Very Choice New 64. This is the highest denomination from the series and the only known example in private hands to our knowledge. Beautifully engraved and printed by Toppan, Carpenter & Co. on India paper mounted on original cardstock. The style is very distinctive, with an "X" formation composed of the three-portrait array, upper corner dies and the bottom center comptroller's seal. In contrast to the $1 denomination, the vignettes here show oval portraits of three finely dressed and diversely coiffed women. The woman at center has flowers elaborately adorning her hair and dress. At lower left is a more somberly dressed woman wearing earrings and at lower right, a frequently encountered woman with her hand at her chin. Advanced vignette researchers would consider the lower left portrait as custom to the bank; we are not familiar with it. Essentially, like so many of these magnificent Wisconsin proofs, a unique example now available to collectors. Noted as "Hole Punch Cancelled" and "Mounted on Cardstock" as made. This is a beautiful, balanced, and unique proof. Ex: Eric P. Newman Numismatic Education Society Realized $1116.25. Newman VII (Heritage Auctions, 10/2015), lot 18744. Description courtesy of Heritage Auctions.
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- Racine, WI - Commercial Bank $2 Jan. 1, 1857 WI-675 G6. Proof. PCGS New 62. The $2 India paper proof mounted on original cardstock from this series is apparently the only known example in private hands. This is another beautiful Toppan, Carpenter & Co. proof from the epic selection of Wisconsin Obsoletes. The wide vignette at the bottom center shows a train traveling west as another traverses a bridge in the background. At the left end, a woman holds a basket of flowers as she glances backwards toward the viewer. The denomination was not in the Krause collection in any format. The plate notes in the reference books, as is most often the case, are from the archived sheet in Madison's Wisconsin Historical Society library. Noted as "Hole Punch Cancelled" and "Mounted on Cardstock" as made. There is a foxing speck at the far left knocking down the grade a tad. Overall, this is an exceptional proof and likely irreplaceable. Ex: Eric P. Newman Numismatic Education Society Realized $763.75. Newman VII (Heritage Auctions, 10/2015), lot 18743. Description courtesy of Heritage Auctions.
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- Racine, WI - Commercial Bank $2 Jan. 1, 1857 WI-675 G6. Proof. PCGS New 62. The $2 India paper proof mounted on original cardstock from this series is apparently the only known example in private hands. This is another beautiful Toppan, Carpenter & Co. proof from the epic selection of Wisconsin Obsoletes. The wide vignette at the bottom center shows a train traveling west as another traverses a bridge in the background. At the left end, a woman holds a basket of flowers as she glances backwards toward the viewer. The denomination was not in the Krause collection in any format. The plate notes in the reference books, as is most often the case, are from the archived sheet in Madison's Wisconsin Historical Society library. Noted as "Hole Punch Cancelled" and "Mounted on Cardstock" as made. There is a foxing speck at the far left knocking down the grade a tad. Overall, this is an exceptional proof and likely irreplaceable. Ex: Eric P. Newman Numismatic Education Society Realized $763.75. Newman VII (Heritage Auctions, 10/2015), lot 18743. Description courtesy of Heritage Auctions.
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- Racine, WI - Commercial Bank $1 Jan. 1, 1857 WI-675 G4. Proof. PCGS Very Choice New 64. This interesting series uses two different $1 designs and this is the "B" plate position. A bold India paper proof mounted on original card, engraved and printed by Toppan, Carpenter & Co., New-York & Phila. This has a very distinctive layout. The four vignettes show workers at different occupations. Left of center, a farmer holds hay while his horse nibbles; right of center, a smithy stands by his forge. At lower left, a woman milks a cow and at lower right, a sailor with a sextant is at the wharf. This is the only example in private hands we have researched. Noted as "Hole Punch Cancelled" and "Mounted on Cardstock" as made. The quartet of vignettes is impressively balanced and this proof appears conservatively certified. Ex: Eric P. Newman Numismatic Education Society Realized $940.00. Newman VII (Heritage Auctions, 10/2015), lot 18742. Description courtesy of Heritage Auctions.