LOT #14518 |
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Spokane, WA - $5 1902 Plain Back Fr. 609 The Brotherhoods Co-Operative NB Ch. # 12418. ...
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Sold on Sep 27, 2007 for:
$1,092.50
Bid Source: Live: Floor bidder
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Description
Spokane, WA - $5 1902 Plain Back Fr. 609 The Brotherhoods Co-Operative NB Ch. # 12418This institution was one of a number of National Banks organized under the aegis of various labor unions during the 1920's, most, although not all, sponsored by railway labor groups. The large majority of these banks were successful in their early years, but fell victim to the Depression early on, as the number of bad loans skyrocketed amidst mounting unemployment amongst the rail workers. This institution failed to even make it to the Crash of 1929, having closed its doors earlier that year. Notes from here, while not rare, are predominantly low grade. This piece, however, is a happy exception, grading a pretty Fine-Very Fine, with strong signatures and bright inks. It's easily the nicest example from here seen at auction for at least the past decade, and one which is likely to realize...
From The Walla Walla Collection
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Auction Info
2007 September Long Beach, CA Signature Currency Auction #448 (go to Auction Home page)
Auction Dates
September, 2007
26th-28th
Wednesday-Friday
Bids + Registered Phone Bidders: 5
Lot Tracking Activity: N/A
Page Views: 393
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