Gary, Indiana. $10 1902 Red Seal. Fr. 615. The First NB. Charter #8426. PCGS Currency Gem New 66 PPQ. Serial Number 1.

Last sold in our Spring 2019 Baltimore Showcase, this magnificent rarity from what was once the beating industrial heart of Indiana, stands as a rarity among rarities. Like Gary, the First National Bank was once among that city's most prominent non-industrial institutions. Chartered in 1906, the First National Bank would issue just over $1,762,100 in National Currency before falling into receivership likely as a result of the Great Depression. Today, less than 100 notes are known from this institution with only just 3 of those notes accounting for examples of the present type, a figure which includes this note and a second Serial Number 1 from the same sheet. The nature of this rarity also extends to the impressive state of preservation of this note. Before the end of PCGS-Currency in 2019, this note represented the finest example of Fr. 615 ever graded by that company, a distinction shared by only a single note at PMG. With exceptional margins and utterly fresh and original coupled with the overt originality of the bank signatures, the National Bank Note collector of means would be remiss to not consider the rare nature of this offering as once it crosses the auction block in March it likely won't appear again for sometime barring any unforeseen circumstances.

Estimate: $8000.00- $12000.00