A lovely $5 proof note from Camden, New Jersey from the Farmers And Mechanics Bank. Proof notes had holes punched in them where the signatures go. This insures that one doesn't sign and issue the note fraudulently. Consequently, many proof notes exhibit holes which have tears in them. This is evident in this example by the missing piece near the hole which is furthest to the right at the bottom of the note. Sometimes these tears are repaired so caution should be exercised when purchasing a proof online.
$5 The Farmers And Mechanics Bank of Camden, NJ
Image Contribution: Handini