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Lot
15586

Key West, FL - $10 1902 Date Back Fr. 617 The Island City NB Ch. # (S)7942. ...

2014 January 8 - 10 & 13 FUN US Currency Signature Auction - Orlando #3526

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Auction Ended On: Jan 9, 2014
Item Activity: 1 Internet/mail/phone bidders
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Location: Orange County Convention Center
9800 International Drive
Orlando, FL 32819
Description:
First Ever Offering From This Legendary Bank
Key West, FL - $10 1902 Date Back Fr. 617 The Island City NB Ch. # (S)7942
A simply extraordinary find, and quite probably the Florida discovery of the year 2014. It comes from a bank which issued Red Seals and Date Backs only during its ten year existence and is legendary amongst Florida collectors, playing the role of the Great White Whale, which might or might not be out there, leaving tantalizing clues to its existence but never quite appearing. The censuses are even divided as to whether another example exists, with the Kelly census stating that a single $5 Red Seal is known, but omitting its grade and bank serial number, while the newer and more definitive National Bank Note Census states only "No Records Found" when queried about the population for this bank. We can, however, say with some certainly that no collector now alive has had the opportunity to purchase a note on this bank until the hammer falls this evening. Whatever the number, there will only be one fortunate buyer who can boast that he has finally landed the "Big One" from this island city. PMG Choice Fine 15 Net, with mention of a restoration that affects nothing on a note of this rarity.

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