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Granger, TX - $5 1902 Red Seal Fr. 587 The First National Bank Ch. # (S)6361 PMG Very Fine 20.. ...
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Sold on May 5, 2022 for:
$2,160.00
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Description
Granger, TX - $5 1902 Red Seal Fr. 587 The First National Bank Ch. # (S)6361 PMG Very Fine 20.This tiny central Texas farming community was home to two National Banks, both of which operated with just barely above the legally required capital for most of their existence. Granger, located in extreme northeastern Williamson County, prospered first as a railroad junction and then, as the price of cotton soared, with its fertile blacklands. By 1912, the presence of a huge cotton gin brought enough prosperity that Granger was the only Texas community of fewer than 5,000 people to have paved streets, as well as an opera house. By the 1920's, however, that agricultural prosperity had disappeared, as the post World War I farm depression hit deeply. Neither the Everson or Irish collections contained even one note of any kind from this bank, while the Ivy holdings listed only a small size example. This note is one of two Red Seals from this bank that surfaced in Georgia about three years ago. They are the only two examples of this type reported and we are pleased to offer this one this evening. Its paper is somewhat toned and there are a few pinholes but it still maintains an attractive overall appearance.
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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: 4
Lot Tracking Activity: N/A
Page Views: 191
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