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Description

Serial Number 1 Silverton Red Seal

Silverton, TX - $10 1902 Red Seal Fr. 615 The First NB Ch. # (S)8816
A wonder note which is another highlight in this seemingly endless parade of Texas rarities. This is about as rare as any Texas National is likely to be, as only three notes are known from this one bank Panhandle community. One is listed in the census without a serial number, indicating its absence from the market for many years, the second is a low grade and repaired $10 Plain Back, and the third is this most attractive serial number 1 Red Seal. This bank, which had a miniscule $680 outstanding in 1933 and is unreported in small size, was missing from all of the great collections formed in the past century save for J.L. Irish, who owned the above mentioned Plain Back. This piece came out of the weeds in June of 1998, and realized $13,750. Our consignor was one of the underbidders at that sale, and had to wait until the note's next appearance, which came in our May, 2001 sale, where the note then fetched $16,500. With the low grade and repaired Blue Seal having sold for nearly $5000 several years later, that number now appears a bargain. Pen signed Very Fine, a simply wonderful note worth whatever it takes to bring it home this evening. From The Lone Star Collection


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Auction Info

Auction Dates
September, 2009
9th-13th Wednesday-Sunday
Bids + Registered Phone Bidders: 2
Lot Tracking Activity: N/A
Page Views: 789

Buyer's Premium per Lot:
15% of the successful bid per lot.

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Sold on Sep 10, 2009 for: $14,950.00
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