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Gorgeous First Charter Washington Territory- One of Three Known

Walla Walla, Washington Territory - $5 1875 Fr. 403 The First National Bank Ch. # 2380 PMG Very Fine 30 EPQ.
A wonderful note which comes from the only bank in the state of Washington to have issued First Charter Territorial examples, and one of only three First Charter Territorials reported from Washington state. The other two examples have been ensconced in major private collections for some years, with one grading Very Good and the other Extremely Fine. Neither has ever been offered at public sale, but we do know that the higher grade note traded hands about 20 years ago at a number well into the six figure range. The example we offer tonight in its lone public appearance brought $161,000 in our 2010 Memphis auction. It is outstanding in every respect, displaying bright paper, a vivid red overprint, and superb colors which look nearly as nice as they did on the day this note was printed 140 years ago. In fact, PMG has also assigned this piece its EPQ designation as it is fully original with no "improvements" whatsoever. For the collector putting together a set of Territorial notes, for the Washington collector assembling an ultimate state type set, or for the collector who simply appreciates the very finest in National Bank Note rarities from all states, this note is one which absolutely should be brought home tonight.
From the Dr. Paul Balter Collection


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Auction Info

Auction Dates
January, 2023
11th-13th Wednesday-Friday
Bids + Registered Phone Bidders: 7
Lot Tracking Activity: N/A
Page Views: 1,159

Buyer's Premium per Lot:
20% of the successful bid per lot.

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Sold on Jan 12, 2023 for: $168,000.00
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