San Francisco, California. $10 1902 Red Seal. Fr. 613. American NB. Charter #6426. PMG Very Fine 30.
A rare sight regardless of the issuing bank and one where most survivors are found towards the lowest rungs of the grading spectrum. Series of 1902 Red Seal Nationals are not simply rare, but short-lived as well. First coming into being in 1902 and discontinued with the passage of the Aldrich-Vreeland Act in 1908, few large banks issued this short-lived type while the glut of rural banks that emerged during this time kept minimal circulations which left little room for survivors in the present. Add the fact that this piece likely survived the San Francisco Earthquake of 1906 which saw a significant portion of the city burn and reduced to rubble, this note is not just a means of exchange from the distant past, but a witness to history that against all odds survived and managed to survive in a rather attractive state that few contemporaries can hope to match.
From the Eric Agnew Collection.
Estimate: $1000.00- $1500.00
Price realized | 2'100 USD |
Starting price | 600 USD |