New Bedford, Massachusetts. $5 1902 Red Seal. Fr. 587. The Merchants NB. Charter #799. PMG Extremely Fine 40 EPQ.

Yet another "discovery" note not previously recorded on either the Kelly Census or Track & Price, this 1902 Red Seal $5 from the Merchants National Bank of New Bedford is far and away the finest out there at this point, grading a solid EF 40 EPQ against the other two which are both "Fine." Even, near perfect margins, extremely vivid and bright red overprint, crisp white paper and the barest trace of three light folds give this note exceptional eye appeal and a ticket to entry in the collections of the most discriminating collectors.

Estimate: $800.00 - $1200.00