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Lot
15156

Islip, NY - $10 1902 Plain Back Fr. 626 The First NB Ch. # (E)8794. ...

2012 August 3 Currency Signature Auction - Philadelphia #3518

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Auction Ended On: Aug 3, 2012
Item Activity: 0 Internet/mail/phone bidders
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Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:
Unique Long Island Rarity With $30 Outstanding
Islip, NY - $10 1902 Plain Back Fr. 626 The First NB Ch. # (E)8794
A simply amazing feat of survival, with this unique example off the market since we last sold it in January of 1996. We described it then as "truly a Suffolk County note we never thought we would have the opportunity to offer to the numismatic fraternity. Although quite easily available in small size, large notes from this bank were always considered to be on that small list of items which were the stuff of legend and likely would never be obtainable. For some reason now lost to history, this bank opted to issue only a miniscule amount of large notes. This issue, likely concentrated in the bank's early years, was reduced to the point where, by 1935, the amount of large notes outstanding totaled exactly $30, the lowest total in the state and one of the lowest for any bank in the country. For years, finding a large note from this bank was the Holy Grail of Long Island collectors. Finally, with the appearance of this note, that search has now ended...." Unique then and unique now, and worth whatever it takes to bring it home tonight, as no amount can produce another once the hammer falls this evening. PCGS Very Fine 30PPQ.

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