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Houston, TX - $5-$5-$5-$5 1902 Red Seal Fr. 589 The National City Bank Ch. #(S)8288 Uncut Sheet PMG About Uncirculated...
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$21,600.00
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Description
First Documented Texas Red Seal Uncut Sheet
Houston, TX - $5-$5-$5-$5 1902 Red Seal Fr. 589 The
National City Bank Ch. #(S)8288 Uncut Sheet PMG About
Uncirculated 50.An exciting brand new addition to the collecting community as this uncut sheet of Red Seal $5s with serial number 5690-ABCD has been consigned to us by the granddaughter of the cashier who signed the four notes. We were astonished when she called and told us what had been in her family for many years. The National City Bank was chartered on July 2, 1906 and was in operation for less than three years as it was liquidated on May 25, 1909 and what remained was absorbed by the Lumbermans NB, charter number 8645. The NCB issued 1902 Red Seals and Date Backs during this short period. All census figures are in the 5-6 individual note range with the vaunted Philpott/Moody Collection having only one example on this short lived charter number, a circulated $20 Red Seal. This uncut sheet possesses its full complement of selvage including paper guide arrows, a sheet number, and initials of siderographers, plate finishers, and plate printers who worked on or with the plate. There is even a partial fingerprint of a BEP tradesman at back top center. The penned signatures of Cashier F(red) J. Heyne and Vice President Carey Shaw are well executed and the color of the inks and paper are ideal. Mr. Heyne was the last of three cashiers who served this bank, with his term being in the 1908-09 time frame. Speculation on our part leads us to believe that this uncut sheet may have been the first sheet signed by Mr. Heyne. There are folds approximately between the notes, while the annotations mentioned on the PMG back label are in pencil and probably were added by Mr. Heyne when he decided to preserve this momento from his days at the bank. The annotation in the top selvage reads, "Issued 1908." A little more pencil is found in the bottom left corner of the selvage. The census for Texas large size uncut sheets of Nationals has now been bumped up to a grand total of five. This is the only Red Seal uncut sheet documented, while the other four sheets are a single Brown Back and three Plain Back examples. None of these five sheets are serial number 1s. This lot contains a fresh to the market uncut sheet if there ever was one and should create much spirited bidding.
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Auction Info
2022 May 4 - 7 Central States US Currency Signature® Auction #3587 (go to Auction Home page)
Auction Dates
May, 2022
4th-7th
Wednesday-Saturday
Bids + Registered Phone Bidders: 7
Lot Tracking Activity: N/A
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