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Eric P. Newman Collection (Internet Sale 1)
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- La description:
- Milwaukee, WI - Marine Bank $1 18__ WI-485 G2. Proof. PCGS Superb Gem New 67PPQ. This short-lived bank closed in 1859, and left enough funds with the state comptroller's office to pay off their $2,844 for circulation outstanding. These Toppan, Carpenter & Co., New-York & Phila. proofs were printed on $1-$1-$2-$5 sheets, and this Newman Collection proof, without protector, is the last example available to collectors. A Gem India paper proof mounted on original cardstock and a bold example. As befits the title, ships are shown at sail in the busy harbor scene at the top, and a sailor is at lower left. The Gothic title across the center provides an excellent counterpoint to the nautical vignettes. There were no proofs from the title in the Krause collection. Noted as "Hole Punch Cancelled" and "Mounted on Cardstock" as made. This has a very intriguing layout and design. The final proof from the original sheet. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $940.00
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- La description:
- Milwaukee, WI - Farmers and Millers Bank $1 18__ WI-455 G2. Proof. PCGS Superb Gem New 67PPQ. This lesser denomination series from the bank of India paper proofs was not in the Krause collection, and the Newman proofs were the only examples known to us in private hands. A beautiful impression printed on India paper and mounted on original cardstock by Toppan, Carpenter, Casilear & Co. An allegorical female, as Agriculture and Commerce, is seated in the foreground of the farm scene at top center. An oval Henry Clay portrait is at lower left, and an eagle on a branch is at the base. The initial capitalization was $50,000. The issued notes from the series used red protectors. Noted as "Hole Punch Cancelled" and "Mounted on Cardstock" as made. A stunning example and the last available proof from the original sheet. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $969.38
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- La description:
- Milwaukee, WI - Farmers and Millers Bank $1 18__ WI-455 G2. Proof. PCGS Superb Gem New 67PPQ. This lesser denomination series from the bank of India paper proofs was not in the Krause collection, and the Newman proofs were the only examples known to us in private hands. A beautiful impression printed on India paper and mounted on original cardstock by Toppan, Carpenter, Casilear & Co. An allegorical female, as Agriculture and Commerce, is seated in the foreground of the farm scene at top center. An oval Henry Clay portrait is at lower left, and an eagle on a branch is at the base. The initial capitalization was $50,000. The issued notes from the series used red protectors. Noted as "Hole Punch Cancelled" and "Mounted on Cardstock" as made. A stunning example and the last available proof from the original sheet. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $969.38
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- La description:
- Milwaukee, WI - Bank of Commerce $1 18__ W-445 G2. Proof. PCGS Very Choice New 64 Apparent. The later Milwaukee Obsolete banknotes, from the late 1850s until the commencement of the National Banking period, are rare to extremely rare. Most of these titles are virtually unknown in private hands, as proven by the elite Chester L. Krause Wisconsin Collection. Those notes were obtained during 50 years of searching, aided by Krause's connections to sources from earlier formed collections. The Bank of Commerce (1854-1856) is one of those extremely rare banks. The plated proofs in the reference books are from the Madison archives. Chet Krause had only a very low-grade issued $5 note with red protector from this bank. Though this bank is recorded as "closed," it closed "with loss to no one," according to Memoirs of Milwaukee County, edited by Jerome A. Watrous. Circulation would have been redeemed either by the bankers themselves, by the State Comptroller, or a combination of both. This is a wonderful series, with the quintessential silver dollar vignettes engraved by Rawdon, Wright, Hatch & Edson, New York. Printed on India paper mounted on cardstock, this is a borderline Gem. At the left, a solitary cherub is rolling an 1853 silver dollar. At the lower right, a facing woman is holding a floral arrangement. Noted as "Hole Punch Cancelled," as made and with very fine razor slash cancels in the signature space. Also noted with "Small Edge Tear; Mounting Remnants." The first $1 proof from the Newman sheet realized $3,525 in the April 2015 Newman Part VI sale. That proof was Gem, and this has excellent eye appeal as well. A perfect opportunity to obtain one of few coin-vignetted Obsolete types from Wisconsin. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $1527.50
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- La description:
- Milwaukee, WI - Bank of Commerce $1 18__ W-445 G2. Proof. PCGS Very Choice New 64 Apparent. The later Milwaukee Obsolete banknotes, from the late 1850s until the commencement of the National Banking period, are rare to extremely rare. Most of these titles are virtually unknown in private hands, as proven by the elite Chester L. Krause Wisconsin Collection. Those notes were obtained during 50 years of searching, aided by Krause's connections to sources from earlier formed collections. The Bank of Commerce (1854-1856) is one of those extremely rare banks. The plated proofs in the reference books are from the Madison archives. Chet Krause had only a very low-grade issued $5 note with red protector from this bank. Though this bank is recorded as "closed," it closed "with loss to no one," according to Memoirs of Milwaukee County, edited by Jerome A. Watrous. Circulation would have been redeemed either by the bankers themselves, by the State Comptroller, or a combination of both. This is a wonderful series, with the quintessential silver dollar vignettes engraved by Rawdon, Wright, Hatch & Edson, New York. Printed on India paper mounted on cardstock, this is a borderline Gem. At the left, a solitary cherub is rolling an 1853 silver dollar. At the lower right, a facing woman is holding a floral arrangement. Noted as "Hole Punch Cancelled," as made and with very fine razor slash cancels in the signature space. Also noted with "Small Edge Tear; Mounting Remnants." The first $1 proof from the Newman sheet realized $3,525 in the April 2015 Newman Part VI sale. That proof was Gem, and this has excellent eye appeal as well. A perfect opportunity to obtain one of few coin-vignetted Obsolete types from Wisconsin. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $1527.50
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- La description:
- Madison, WI - Bank of Wisconsin $1 18__ WI-400 G2a. Proof. PCGS Very Choice New 64. The riveting Bank of Wisconsin vermillion color title series was engraved and printed by Toppan, Carpenter & Co., New York & Philadelphia. This is a very rare series and we know of only one other denomination set, the Wismer-Bookbinder-Krause proofs. These were enthusiastically received when sold in September 2009 in Philadelphia. Those proofs were on India paper and hinged on the back. This "A" position example is printed on India paper and mounted on original cardstock. The central vignette shows a Continental soldier, peering down at the British forces, as his companion loads another rifle. At the lower left is a rarely seen portrait of Solomon Juneau, the founder of Milwaukee. The vermillion title arcs over the top and there is a subtle ONE protector across each signature. Hole Punch Cancelled through the India paper and the card. Like all three denominations from this series, it is very beautiful. The Krause Part I sale choice example, Lot 2167, realized $3,220. This choice proof is broadly margined and boldly printed. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $1116.25
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- La description:
- Madison, WI - Bank of Wisconsin $1 18__ WI-400 G2a. Proof. PCGS Very Choice New 64. The riveting Bank of Wisconsin vermillion color title series was engraved and printed by Toppan, Carpenter & Co., New York & Philadelphia. This is a very rare series and we know of only one other denomination set, the Wismer-Bookbinder-Krause proofs. These were enthusiastically received when sold in September 2009 in Philadelphia. Those proofs were on India paper and hinged on the back. This "A" position example is printed on India paper and mounted on original cardstock. The central vignette shows a Continental soldier, peering down at the British forces, as his companion loads another rifle. At the lower left is a rarely seen portrait of Solomon Juneau, the founder of Milwaukee. The vermillion title arcs over the top and there is a subtle ONE protector across each signature. Hole Punch Cancelled through the India paper and the card. Like all three denominations from this series, it is very beautiful. The Krause Part I sale choice example, Lot 2167, realized $3,220. This choice proof is broadly margined and boldly printed. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $1116.25
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- La description:
- Madison, WI - Bank of the West $1 18__ WI-395 G2. Proof. PCGS Choice New 63. This is one of the great Obsolete banknote titles, and it is rarely encountered. Except for the archived proofs at the Wisconsin Historical Society, proofs from the bank were not confirmed in collections until the 1994 St. Louis Smythe Sale. India paper proofs engraved and printed by Wellstood, Hanks, Hay & Whiting, like the Newman Collection examples, were offered for the first time at the Smythe auction. The Newman proofs are the only others known to us in private hands. The $1 layout is exceptional. A trio of men embodying three professions stands at right, under the end of the curving title and the ONE counter. The blacksmith rests one hand on an anvil while the other is tucked inside his shirt, in the manner of Napoleon; the farmer holds ears of corn and a scythe; and the sailor leans on a capstan as he points to a ship at sail. A male portrait is in the left end. The only other $1 proof sold at the Krause collection sale was expertly restored and realized $2,760 in September 2009. Noted as "Hole Punch Cancelled" as made. A choice example and the last Newman Collection proof from the series available. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $940.00
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- La description:
- Madison, WI - Bank of the West $1 18__ WI-395 G2. Proof. PCGS Choice New 63. This is one of the great Obsolete banknote titles, and it is rarely encountered. Except for the archived proofs at the Wisconsin Historical Society, proofs from the bank were not confirmed in collections until the 1994 St. Louis Smythe Sale. India paper proofs engraved and printed by Wellstood, Hanks, Hay & Whiting, like the Newman Collection examples, were offered for the first time at the Smythe auction. The Newman proofs are the only others known to us in private hands. The $1 layout is exceptional. A trio of men embodying three professions stands at right, under the end of the curving title and the ONE counter. The blacksmith rests one hand on an anvil while the other is tucked inside his shirt, in the manner of Napoleon; the farmer holds ears of corn and a scythe; and the sailor leans on a capstan as he points to a ship at sail. A male portrait is in the left end. The only other $1 proof sold at the Krause collection sale was expertly restored and realized $2,760 in September 2009. Noted as "Hole Punch Cancelled" as made. A choice example and the last Newman Collection proof from the series available. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $940.00
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- La description:
- Madison, WI - Merchants Bank $1 18__ WI-380 G2. Proof. PCGS Superb Gem New 67PPQ. Another rare Madison bank with mostly proof notes known. This India paper proof was engraved and printed by Danforth, Wright & Co. with a tremendously attractive layout. Most of a partly concealed, sculptural "Lazy 1" in lathe work runs across the bottom center and extends into the seal to complete the feature. At top center, a milkmaid is seated on a log beside a large shield. It shows the sun rising over the mountains and a sailing ship and passing train in the foreground. Mercury is in a circular frame at lower right. Noted as "Hole Punch Cancelled" as made. The proofs without tint were not in the Krause collection sales. We believe the two Newman Collection $1 proofs without protector are the only examples in private hands. This is the finest of two, and the last available. Ex: Eric P. Newman Numismatic Education Society, Heritage Auctions Internet Sale (5/2016). (Description courtesy of Heritage Auctions, ha.com.) Realized $940.00
