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    Description

    Extremely Rare Issued Note from Pictou, Nova Scotia

    Pictou, NS - Pictou Bank $5 Jan. 2, 1874 Ch. # 595-10-04
    An excessively rare issued note from this obscure and short-lived Nova Scotia institution. Opening in 1873, according to Charlton, this bank's primary accounts were with a local tannery. The tannery suffered a series of losses in the 1880s, precipitating the bank's failure in 1887. While the depositors were made whole, the shareholders of the bank lost a total of $163,970. Several years ago, we offered a remainder sheet from here, but this is the first issued note that has managed to grace one of our auctions. While tonight's offering has a few small edge splits and tears, it still retains nice color and an overall pleasing appearance, and it presents a great opportunity for the many collectors of Canadian Chartered Bank Notes to add a very tough bank to their holdings. PCGS Apparent Very Good 10.


    Auction Info

    Auction Dates
    Apr-May, 2016
    28th-2nd Thursday-Monday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 191

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