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Lot
15458

Japan 2 Yen 1873 Second National Bank (Yokohama) Pick 11. ...

2013 September 25 - 27, 30 & October 1 Currency Signature Auction - Long Beach #3524

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Auction Ended On: Sep 25, 2013
Item Activity: 2 Internet/mail/phone bidders
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Location: Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA 90802

Description:
Yokohama Issue 2 Yen
Japan 2 Yen 1873 Second National Bank (Yokohama) Pick 11
As Yokohama was a primary trading port with the West during the Meiji Restoration, the need for financial services was great. The Second National Bank was the only national bank in Yokohama until 1920. Today's The Bank of Yokohama, Ltd., the largest regional bank of Japan, can trace its history directly back to this bank. Although there are few records today about the redemption of these notes, the amount of notes from Yokohama pales in comparison to the amount issued from Tokyo.

The most recent example to cross the auction block was a PMG Fine 12 specimen from the 20th National Bank in Tokyo. It realized just under $11,000 in 2011. This note, a centerpiece in any Japanese or American National Bank Note collection, in a higher grade and from a rarer issuer, is expected to bring much more. PMG Very Fine 25 Net, with some inconsequential splits and rust noticed.

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