An interesting $5000 color face proof of a Certificate of Deposit drawn on the Bank of America will be featured in our upcoming Stack’s Bowers Official Auction of the Whitman Coin & Collectibles Spring Expo.
The large format proof was produced by Rawdon, Wright, Hatch and Edson of New York in the late 1850s and is printed in black with an intricate full length green underprint. A portrait of George Washington is seen at left while a magnificent vignette of a bald eagle with outstretched wings graces the center. Justice stands at right with scales and a sword. The certificates were intended to represent special deposits in coin held in trust by the New York Clearing House Association and payable to member banks when presented and endorsed.
The bold design is impressive with darkly printed engraved design elements and rich green color on the underprint. The proof is technically graded as Very Fine but small areas of edge repairs can be seen on the back along with some areas of foxing. These detract little from the face appearance. The lot will carry an estimate of $7,000 to $9,000. The Stack’s Bowers Official Auction of the Whitman Coin & Collectibles Spring Expo will be held March 26-29, 2015, in Baltimore, Maryland. Visit StacksBowers.com for more information or to view and bid on items once the sale goes on line in March.
