The Collectors' Auction 2025

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Lot Title:	Two Proprietary proofs
Lot Number:	13
Description:	Each of these notes represents the finest security and engraving elements of the two foremost competing banknote printing firms of their time: National Banknote Company and American Banknote Company. Additionally, issued notes from these institutions are unheard of. In fact, the antebellum Mercantile Bank (PMG GemCU-65 EPQ) apparently never got beyond the planning stages and does not appear in period documentation or literature. It appears that this note may have been an internal test note printed by ABNCo from the original plates to check for inking quality and other parameters.
Estimate:	$500-$700
Lot Status:	Bidding has been closed for this lot.
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Hammered Price:	$400
Price Realized:	$472

Please Note: An 18% Buyers' Premium is added to the hammer price of all lots in this sale.

This lot may contain an item not certified by ANACS, CACG, PCGS, or NGC. While Scotsman Auction Co. is typically conservative in our descriptions of items not certified by one of these companies, we cannot guarantee our grading estimation will match their grade. We highly recommend that collectors seeking items certified by a third-party grading service only bid on items that have already been certified. No lot can be returned because of a variance in judgment with regards to grade.