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Lot
15709

Clarksdale, MS - $5 1902 Red Seal Fr. 587 The First NB Ch. # (S)6595. ...

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:
Serial Number 1 $5 Clarksdale Red Seal-Unique for the Bank & State
Clarksdale, MS - $5 1902 Red Seal Fr. 587 The First NB Ch. # (S)6595
A fantastic "right from the weeds" discovery, with this the first Red Seal $5 example known from Mississippi and one of only three Red Seals reported from all banks in the state combined. By the way, did we mention that while the other two number 1 Red Seals are from relatively common banks in Gulfport and Vicksburg, this note comes from a Clarksdale bank which issued Red Seals and Date Backs only before disappearing in 1911...and was unreported until the discovery of this note? PMG has Net graded this Very Fine 25 item because of some very minor edge damage and "rust," but the "rust" consists of a fleck or two and is totally unimportant. The red overprint is sharp and bright, the paper sound for the grade, and the pen signatures bold and clear. Any estimate here is simply a guess, especially since no Mississippi number 1 Red Seal has appeared at auction in twenty years, but the combination of rarity, desirability and demand here should combine for a realization in the area of...

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